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BRIEF-Camber executes non-binding term sheet on capital raise
September 20, 2017 / 2:54 AM / 3 months ago

BRIEF-Camber executes non-binding term sheet on capital raise

Sept 19 (Reuters) - Camber Energy Inc

* Executed a non-binding term sheet with an existing shareholder to rapidly provide additional equity capital to company

* Company will utilize proceeds from such financing to resolve its defaults with its lender, international bank of commerce

* Company is currently in discussions with bank regarding timetable for resolving defaults Source text for Eikon: Further company coverage:

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