Greenfire’s C$775 million rights offering is oversubscribed
Greenfire ($GFR) Resources reported preliminary results showing its C$775 million rights offering was oversubscribed. The company expects to issue the maximum approximately 115 million new shares, with no purchase required under the backstop agreement. Basic subscriptions covered roughly 113.7 million shares, leaving only about 1.3 million available for additional subscriptions. Investors sought substantially more shares through the additional-subscription privilege, meaning those allocations wi
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