Camber energy closes $100 million equity transaction with institutional investor

Unique structure gives camber unprecedented optionality houston, tx / accesswire / january 6, 2022 / camber energy, inc. (nyse american:cei) ("camber" or the "company") is pleased to announce that on december 31, 2021 an institutional investor purchased 10,544 shares of newly designated convertible preferred stock for a purchase price of $100,000,000. the purchase price was paid by the investor via payment of $5 million in cash and the execution of four promissory notes (each a "note") from the investor in favor of company, each in the amount of $23.75 million and payable by the investor to the company on march 31, 2022, june 30, 2022, september 30, 2022 and december 31, 2022, respectively.
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