Greenfire Resources completes C$300 million rights offering

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Greenfire Resources Announces Closing of Rights Offering and Refinancing Initiatives

December 19, 2025 5:17 PM EST

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced refinancing initiatives (the "Refinancing Initiatives"). The Refinancing Initiatives included a C$300.0 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. (Calgary time) on December 16, 2025 (the "Rights Offering").

At the completion of the Rights Offering and... More