CALGARY,
AB, Nov. 11, 2024 /CNW/ - 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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content:https://www.prnewswire.com/news-releases/waterous-energy-fund-closes-acquisition-of-43-3-of-the-shares-of-greenfire-resources-ltd-302300697.html
SOURCE Waterous Energy Fund Management Corp.
