Greenfire Resources Ltd. shares rise 1.52% intraday after Alberta Securities Commission decision on take-over bid regime.

Greenfire Resources Ltd. rose 1.52% in intraday trading, following the Alberta Securities Commission's decision that defensive tactics, such as shareholder rights plans, cannot be used to block or undermine private transactions that comply with the take-over bid regime, including its statutory exemptions. This decision reinforces that these exemptions are a deliberate and integral part of the regime on which market participants are entitled.