Greenfire Resources Faces Takeover Defense Delay

Greenfire Resources (GFR) has released an update.

Greenfire Resources Ltd., a Canadian energy company, has reported that the Toronto Stock Exchange is deferring the acceptance of its shareholder rights plan pending regulatory review. This follows an aggressive move by Waterous Energy Fund to acquire a significant stake in Greenfire. The shareholder rights plan was a response to this potential takeover attempt.

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