CALGARY,
AB, Nov. 11, 2024 /PRNewswire/ - Waterous
Energy Fund Management Corp. (the "WEF Manager"), in its
capacity as manager of certain limited partnerships comprised of
Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III
(US) LP, Waterous Energy Fund III (International) LP, Waterous
Energy Fund III (Canadian FI) LP and Waterous Energy Fund III
(International FI) LP (collectively, "WEF"), announces that
it has closed its previously announced acquisition of an aggregate
of 29,988,854 common shares (the "Purchased Shares") of
Greenfire Resources Ltd. ("Greenfire") (TSX and NYSE: GFR)
(the "Transaction"). The Purchased Shares represent
approximately 43.3% of the issued and outstanding common shares of
Greenfire, and were acquired for cash consideration of USD$8.05 per Purchased Share, representing an
aggregate purchase price of approximately USD$241,261,721.
The closing of the Transaction follows the decision by the
Alberta Securities Commission issued on November 6, 2024 granting WEF's application to
cease trade Greenfire's initial shareholder rights plan, and
dismissing Greenfire's cross-application to cease trade the
Transaction.
For further information, please contact Waterous Energy Fund at
info@waterous.com.
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SOURCE Waterous Energy Fund Management Corp.