Camber Energy, Inc. announced that it has entered into a stock purchase agreement with institutional investor for up to 2,941 shares of series C redeemable convertible preferred stock at a price of $9,520.571 for gross proceeds of $28,000,000 on November 23, 2018. The shares will be issued at a discount. The investor agrees to purchase 106 shares of series C preferred stock within two business days of the satisfaction of the closing conditions for $1 million and 105 shares of series C preferred Stock each, in up to 27 additional closings, each occurring 10 days after the initial closing and 10 days after each subsequent closing. The series C preferred stock may be converted into shares of common stock at any time at the option of the holder, or at our option if certain equity conditions are met. Upon conversion, the company will pay the holders of the series C preferred stock being converted an amount, in cash or stock at our sole discretion, equal to the dividends that such shares would have otherwise earned if they had been held through the maturity date and issue to the holders such number of shares of common stock equal to $10,000 per share of series C preferred stock. The securities will be issued pursuant to Regulation D.