Camber energy, inc. acquires 51% of viking energy group, inc.

James doris & robert green join board of directors james doris is new president & ceo houston, tx / accesswire / december 24, 2020 / camber energy, inc. (nyse:cei) ("camber" or the "company") today announced that camber and viking energy group, inc. (otcqb:vkin) ("viking") entered into definitive agreements pursuant to which camber acquired, effective december 23, 2020, 51% of the issued and outstanding common stock of viking for $20.1 million. the purchase price was payable through the cancelation of $9.2 million of existing debt owed by viking to camber, and payment of $10.9 million in cash.
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