Camber energy focused on previously announced acquisition of viking energy

Cei's resolution of legacy accounting issues and pref. share reduction clears path to take next steps houston, tx / accesswire / march 20, 2023 / viking energy group, inc. (otcqb:vkin) ("viking") and camber energy, inc. (nyse american:cei) ("camber") are pleased to announce that the board of directors of each company resolved on or about march 14, 2023, as a result of camber addressing certain legacy accounting issues and extinguishing, through redemptions and conversions, approximately ninety-four percent of camber's previously issued shares of series c redeemable convertible preferred stock, to resume negotiations and take certain steps regarding the previously announced agreement and plan of merger (the "merger agreement") between viking and camber.
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