10:20 AM EST, 11/12/2025 (MT Newswires) -- Waterous Energy Fund Management, in its capacity as manager of certain limited partnerships, announced Wednesday that it bought an aggregate of 8.7-million common shares of Greenfire Resources ( GFR ) through private transactions.

The company said the purchased shares represent about 12.4% of the issued and outstanding common shares of Greenfire and were acquired for a cash consideration of $6.55 apiece, for $57 million.

Waterous Energy Fund now owns 48-million common shares and 2.7-million common share purchase warrants, about 68.3% of the issued and outstanding common shares of Greenfire on an undiluted basis.

Shares of Greenfire were last seen up 1.5% at $6.69 on the Toronto Stock Exchange.

Price: 6.69, Change: +0.10, Percent Change: +1.52