Brief: Viking Energy Group And Camber Energy Announce Letter Of Intent Regarding Camber's Proposed Acquisition Of Viking
24/01/2020 16:11
Jan 24 (Reuters) - Viking Energy Group Inc VKIN.PK :
* VIKING ENERGY GROUP, INC. AND CAMBER ENERGY, INC. ANNOUNCE
LETTER OF INTENT REGARDING CAMBER’S PROPOSED ACQUISITION OF
VIKING
* CAMBER ENERGY INC - IF DEAL CLOSING OCCURS, VIKING HOLDERS
PRIOR
TO MERGER SHALL OWN ABOUT 85% OF CO'S STOCK
* CAMBER ENERGY INC - PLANS TO INCREASE ITS AUTHORIZED
NUMBER OF
SHARES TO COMPLETE ISSUANCE OF SHARES IN MERGER
* CAMBER ENERGY INC - NEWLY FORMED WHOLLY-OWNED SUBSIDIARY
OF CO
SHALL MERGE WITH AND INTO VIKING, WITH VIKING CONTINUING AS
SURVIVING CORP
Source text for Eikon: ID:nGNX1CwBKJ
Further company coverage: VKIN.PK
((Reuters.Briefs@thomsonreuters.com;))
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