# Greenfire Resources capital raising and refinancing

> Live situation record from CLSTR: https://clstr.news/situations/greenfire-resources-capital-raising-and-refinancing
> Updated: 2026-10-12T20:25:36.000Z. Sources: 7. Developments: 2.

Greenfire Resources completed a C$775 million rights offering to its shareholders, which was significantly oversubscribed. The company issued approximately 115 million new common shares at C$6.74 per share. 

Following the transaction, Waterous Energy Fund maintains approximately 72% ownership of the company. Greenfire intends to use the net proceeds to refinance the acquisition of Connacher Oil and Gas, specifically to repay a C$575 million bridge financing facility and reduce other liabilities.

## Timeline

### 2026-10-12: Greenfire Resources and Fermi Inc. report business updates

Greenfire Resources shares rose following earnings that beat estimates, while Fermi Inc. announced its Q3 2026 financial results release date.

5 sources. https://clstr.news/cluster/greenfire-resources-and-fermi-inc-report-business-updates

### 2026-09-16: Greenfire Resources completes C$775 million rights offering

Greenfire Resources completed a C$775 million rights offering, issuing 115 million shares to refinance its acquisition of Connacher Oil and Gas and repay bridge financing.

2 sources. https://clstr.news/cluster/greenfire-resources-completes-c775-million-rights-offering

---
Cite as: Greenfire Resources capital raising and refinancing. CLSTR, https://clstr.news/situations/greenfire-resources-capital-raising-and-refinancing