Dec 24 (Reuters) - Greenfire Resources Ltd ( GFR ):

* WATEROUS ENERGY FUND ACQUIRES SHARES OF GREENFIRE

RESOURCES LTD.

* WATEROUS ENERGY FUND MANAGEMENT: PURCHASED AGGREGATE OF

9.3

MILLION COMMON SHARES & 2.7 MILLION COMMON SHARE PURCHASE

WARRANTS OF GREENFIRE RESOURCES

* WATEROUS ENERGY FUND MANAGEMENT: PROPOSED DEAL FOR

AGGREGATE

PURCHASE PRICE OF US$81.9 MILLION

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