Extinguishes Over 40% of Series C Convertible Pref. Stock Camber Energy Inc. is pleased to announce it closed the $25 million loan transaction previously disclosed by the Company in its Current Report filed on Form 8-K with the Securities and Exchange Commission on December 27, 2021. Proceeds of the Loan were used to redeem all issued and outstanding shares of Series C Redeemable Convertible Preferred Stock of the Company [...]
Camber Energy Inc. is pleased to announce that it effected favorable amendments to certain outstanding promissory notes in the aggregate principal amount of $20.5 million, as a result of the Company increasing its authorized capital on December 30, 2021. Key terms of the promissory notes are now as follows: Maturity Date: January 1, 2027 Interest Rate: Wall Street Journal Prime Rate, with interest payable at maturity [...]
Company also signs Amendments to Improve Terms of Existing P. Notes Camber Energy Inc. is pleased to announce that on December 24, 2021, it entered into a Loan Agreement pursuant to which the lender, subject to certain conditions, irrevocably agreed to loan the Company $25,000,000 on December 31, 2021 . Proceeds of the Loan are to be used to redeem all issued and outstanding shares of Series C Redeemable Convertible [...]
Camber Energy Inc. is pleased to announce that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC have recommended that Camber shareholders vote "FOR" Item 1 set forth in its Definitive Proxy Statement filed with the Securities and Exchange Commission on November 29, 2021 , in connection with its Special Meeting, which seeks to amend Camber's Articles of Incorporation to increase the number of authorized [...]
Camber Energy Inc. , announced that on December 17, 2021 it received a letter from the NYSE American in response to the Company's request for an extension of the date by which the Company is to file outstanding financial reports. The Company is not in compliance with the Exchange's continued listing standards as set forth in Section 1007 of the NYSE American Company Guide given the Company failed to timely file the [...]
Facility Designed to Produce ? 43,000,000 Gallons/yr. of Renewable Diesel Camber Energy Inc. is pleased to announce that on Nov. 18, 2021 its majority-owned subsidiary, Viking Energy Group, Inc. , entered into a Membership Interest Purchase Agreement to acquire a 100% interest in a group of companies that are in the process of engineering, developing, constructing and bringing into commercial operations a processing plant [...]
Camber Energy Inc. in response to the Company's request for an extension of the date by which the Company is to file outstanding financial reports. The Company is not in compliance with the Exchange's continued listing standards as set forth in Section 1007 of the NYSE American Company Guide given the Company failed to timely file the following reports : Form 10-Kforthe 9-month transition period ended December 31, 2020 [...]
InvestorsObserver issues critical PriceWatch Alerts for CEI, FAMI, ANY, OXY, and RIOT. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. CEI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CEI&prnumber=100620216 FAMI [...]
Company Remains Focused on Growth Strategy Camber Energy Inc. :CEI) has been made aware of the "Short" report issued today by Kerrisdale Capital. Regarding such report James Doris, President and Chief Executive Officer of Camber, commented, "We are not involved in, nor do we comment on, the day-to-day trading of the company's common stock. I can say, however, that our business relationships are legitimate and that we are [...]
System Designed to Capture ? 100% of CO2 & Produce Saleable Commodities Camber Energy Inc. is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc., entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC regarding ESG's patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide . The [...]
Subsidiary's Revenues were $10.7 Million for the Quarter / $21.19 Million YTD Camber Energy Inc. is pleased to report that its majority-owned subsidiary, Viking Energy Group, Inc. , announced on August 16, 2021 Viking's financial results for the quarter ended June 30, 2021. James Doris, President and Chief Executive Officer of both Camber and Viking, commented, "We are pleased with Viking's second quarter results, and are [...]
A Significant Step in the Company's Diversification Strategy Camber Energy Inc. is pleased to announce the acquisition, through its majority-owned subsidiary, of a majority interest in Simson-Maxwell Ltd. . Other shareholders include Simmax Corp., an existing shareholder of Simson-Maxwell for ? 20 years, and Remora EQ LP, another strategic stakeholder. Simson-Maxwell is a leading manufacturer and supplier of industrial [...]
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