Camber energy markedly improves terms of existing p. notes

Houston, tx / accesswire / january 3, 2022 / camber energy, inc. (nyse american:cei) ("camber" or the "company") 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 conversion: all or part of the part of the amount owing may be convertible into shares of common stock of the company at $1.50 per share [1] additional details regarding the amendments were included in camber's current report on form 8-k filed with the securities and exchange commission ("sec") on december 27, 2021, and are available under " investors " - " sec filings " at www.camber.energy.
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