Greenfire Resources Ltd. (GFR) Form 6-K — Sep 17, 2026
Greenfire Resources completed its fully subscribed C$775 million rights offering, issuing 114,985,163 common shares at C$6.74 (US$4.81) per share for gross proceeds of approximately C$774 million. Because the offering was fully subscribed, the standby commitment from certain Waterous Energy Fund limited partnerships was not utilized. Net proceeds repaid the C$575 million bridge facility from the recent Connacher Oil and Gas acquisition and a portion of other acquisition-related indebtedness. After closing, Greenfire anticipates roughly C$570 million drawn on its C$1.0 billion reserves based revolving credit facility.
Key figures
- Debt Amount
- C$575 million bridge facility repaid
- Gross Proceeds
- approximately C$774 million
- Offering Price
- C$6.74 (US$4.81) per common share
- Shares Offered
- 114985163
- Shares Outstanding
- 240413692
- Record Date
- August 17, 2026
- Rights Ratio
- 0.9167 of a Common Share per Right
- Prospectus Date
- August 7, 2026
- Revolver Capacity
- C$1.0 billion
- Announced Offering Size
- C$775 million
- Anticipated Revolver Draw
- approximately C$570 million
- Basic Subscription Shares
- 114041317
- Implied Share Count Increase
- approximately 92% (computed from stated figures: 114,985,163 new shares on a ~125.4 million prior base)
- Standby Commitment Utilized
- No
- Additional Subscription Shares
- 943846
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