Camber Energy entered into agreements canceling and terminating, effective as of the agreement date, one hundred percent of the warrants held by Discover Growth Fund and Antilles Family Office. The Termination Agreements also include a provision granting the Company the right to redeem the remaining shares of Series C Preferred Stock held by Antilles, subject to the conditions set out therein. Prior to entering into the Termination Agreements Camber had already extinguished, through redemptions and conversions, approximately ninety-four percent of previously issued shares of Series C Preferred Stock.
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