Camber energy redeems preferred shares

Houston, tx / accesswire / march 11, 2022 / camber energy, inc. (nyse: american) ("camber" or the "company") is pleased to announce that on march 10, 2022 it redeemed 2,636 shares of series g preferred stock (the "series g shares"), which were previously issued by the company on december 31, 2021 as part of a $100 million financing commitment from an institutional investor. the 2,636 series g shares were associated with a promissory note issued by the investor in favor of the company in the principal amount of $23,750,000, due march 31, 2022, and the company exercised its right to redeem the shares and cancel the promissory note.
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