Announced
Completed
Financials
Tags
Canada
Majority
oil and gas
Integrated Oil and Gas
Private
Merger
Cross Border
Single Bidder
Reverse Takeover
De-SPAC
Friendly
Completed
Synopsis
Greenfire Resources, a Calgary-based energy company, went public via a SPAC merger with M3-Brigade Acquisition III, a New York Stock Exchange listed special purpose acquisition company, in a $950m deal. "Greenfire has successfully assembled some of the highest quality oil sands assets in the industry and solidified our position as a leading intermediate oil sands developer. Supporting the safe, responsible, and efficient development of our world-class assets is an incredible team of dedicated and talented people. The investment by MBSC is a strong vote of confidence in our plan to deliver profitable growth as we focus on maximizing shareholder and stakeholder value," Robert Logan, Greenfire President and CEO.
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