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Cambridge Resources Corp. (fka CBRP)

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Last Post: 4/5/2016 4:21:24 PM - Followers: 8 - Board type: Free - Posts Today: 0
CBRP -- Cambridge Resources Corp.


Authorized: 250,000,000
Outstanding: 180,000,000
Float: 30,000,000


Cambridge Resources Signs USD $25 Million Financing Agreement
Apr 4, 2007 9:00:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 04/04/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) today announced it has signed a financing agreement with a private investment group for a total of up to USD $25,800,000 which is composed of an initial $2,000,000 investment and a series of Warrants exercisable over a period of 60 months, whereby once exercised, represents a total investment of $25,800,000 into CBRP.

Cambridge Resources will immediately close the acquisition of American Pride Energy Inc. and its oil and gas properties independently valued at USD $409 million. The initial funding will be utilized to close the acquisition and enable the company to begin the work necessary to make operational four existing wells.

"This is a very significant time in our company's history; we are extremely pleased with our new financing partners and the agreed terms and conditions," said Tony Felitsky, President of Cambridge Resources Corporation. "We are going to immediately begin the re-entry and re-work of our existing wells, and start generating revenue and profits in the short term," further added Mr. Felitsky.

The company expects to release further information regarding the private investment group and the intended use of proceeds from the financing as the transaction advances towards the closing. The investment is subject to the completion of the due-diligence and is scheduled to close on or before June 28, 2007.

About American Pride Energy Inc.

American Pride Energy Inc. is an oil and gas junior producer located in Kansas City, where its properties have estimated 5,000,000 barrels of recoverable reserves, and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Alex Barta


Cambridge Resources Victim of Email Spammers

Cambridge Resources Releases Completed Independent Evaluation of the American Pride Energy Properties; Valued at USD $409 Million

Cambridge Resources Nominates Former Gulf Oil Executive to the Board of Directors

Cambridge Resources Signs Definitive Acquisition Agreement With American Pride Energy

Cambridge Resources Provides Update on the Acquisition of American Pride Energy Inc.
#243   CBRP Finra deleted symbol: Renee 04/05/16 04:21:24 PM
#242   CBRP SEC Suspension: Renee 02/03/14 09:56:34 AM
#241   cbrp i will , any updates please forward. mick 10/20/12 02:20:14 PM
#240   Nice Shell Here, Will Watch It Closely! PPS 10/20/12 01:58:03 PM
#239   thank you for your information. mick 10/20/12 01:54:14 PM
#238   LOL, No-Clue, But They Do Have 15-12G Filed: PPS 10/20/12 01:52:24 PM
#237   thank you jay, anything where it might come back? mick 10/20/12 11:56:06 AM
#236   Nope, Still Revoked: PPS 10/19/12 08:54:18 PM
#235   hi jay, i am reading. did this get reinstated? mick 10/19/12 08:50:56 PM
#234   A Little Info On The L2 MM: PPS 10/19/12 08:33:24 PM
#233   Interesting! PPS 10/19/12 08:17:28 PM
#232   that is a nice gainer, cbrp mick 11/11/11 09:22:26 AM
#231   CBRP.02 ihubfresh up 19,900% on 209kvs0k_vol10dayavg missed this SuperC 11/10/11 03:59:33 PM
#230   Are there any updates?? lone-wolf 07/12/11 11:34:45 AM
#229   hi 'BB Player', good evening. are there any mick 12/02/07 11:51:34 PM
#228   Down 55% today on 133,000 shares. With 53,000 BB Player 07/13/07 02:22:22 PM
#227   Shares Short 176,500 BB Player 07/12/07 10:18:09 PM
#226   Everyone have a safe and Happy 4th. BB Player 07/03/07 02:16:49 PM
#225   apparently just a flash in the pan...getting a III 07/02/07 05:06:59 PM
#224   Detailed Quote for Cambridge Resources Corp. DL mick 07/02/07 10:25:45 AM
#223   hi BB, good morning. i have not watched mick 07/02/07 10:25:26 AM
#222   The large white candlestick looks great. BB Player 06/30/07 09:03:26 AM
#221   thought with a day like today somebody would III 06/29/07 07:53:18 PM
#220   SEC Votes To End Short-Selling 'Grandfather' Protections BB Player 06/13/07 12:55:42 PM
#219   Looks like someone made a killing on that BB Player 06/06/07 03:31:28 PM
#218   Who is the bidwacker. BB Player 06/04/07 11:39:03 AM
#217   ouch.... 1.00 really ? Phoenix-Rising 05/30/07 11:05:06 PM
#216   Cambridge Resources Releases Statement Regarding the Ontario Securities III 05/25/07 04:03:33 PM
#215   The US trading has not stopped. It is BB Player 05/25/07 03:23:15 PM
#214   definately not good short-term...long-term it seems to be III 05/25/07 02:21:27 PM
#213   URGENT!!!! I am mostly from the PMCL board, but PCE 05/25/07 01:51:24 PM
#212   this is what i refered to earlier...don't know III 05/25/07 01:24:00 PM
#211   Share structure is still the same. The other BB Player 05/25/07 12:43:45 PM
#210   Please post facts to this. If it is BB Player 05/23/07 03:47:28 PM
#209   Looks like dilutiiooonnn. mildtrans 05/23/07 01:34:19 PM
#208   When do we think she ll get going _HAWK_ 05/23/07 11:51:17 AM
#207   Yeah that's what I figured time for _HAWK_ 05/23/07 10:02:01 AM
#206   Good entry point here at .02. BB Player 05/23/07 09:59:51 AM
#205   We gonna fly sooner than you think _HAWK_ 05/23/07 09:20:01 AM
#204   Once the loan is inked we start to fly? copleybmt 05/21/07 11:32:04 AM
#203   Should start seeing some good thing starting to BB Player 05/21/07 09:59:07 AM
#202   thanks for the update...i appreciate you keeping me informed III 05/14/07 04:05:46 PM
#201   Emailed Alex and got back from him that BB Player 05/11/07 12:18:02 PM
#200   so are we waiting on receipt of the III 05/08/07 06:03:37 PM
#199   Someone start smacking the ask. BB Player 04/26/07 09:53:22 AM
#198   Lets keep this going. Need good bid support BB Player 04/25/07 10:02:56 PM
#197   nice action today. mick 04/25/07 06:40:29 PM
#196   doesn't really seem like a good one to III 04/25/07 04:15:04 PM
#195   Need a few like this. If people will BB Player 04/25/07 04:07:48 PM
#194   good day still though. needed one like that III 04/25/07 04:03:33 PM