SOURCE: CHAMA Technologaes Inc.
LAS VEGAS, NV--(Marketwire - Sep 17, 2012) - CHAMA TECHNOLOGAES INC. (CHAMA) announced today that it has signed a Special Private Placement Agreement (SPPA) for USD $50,000,000 of equity line funding with Lambert Private Equity LLC (LAMBERT). The terms give CHAMA the right to increase the amount of the equity line funding up to $200,000,000, at CHAMA's discretion.
CHAMA's plan in the use of these funds is for the utilization of our device, "The Down Hole Gazmo," in extracting methane from Coal Basin Methane wells both pre-drilled and development properties. CHAMA also drills and develops oil properties -- both onshore and offshore.
The funding structure is a 3 year facility. Lambert funds public companies with market capitalizations under $1 billion, as well as private companies that will be listed on a securities exchange within one year of a funding commitment. The fund will invest in all sectors including infrastructure, manufacturing, construction, mining, communications, healthcare, energy and finance.
CHAMA's President and CEO, Anthony Saviano:
"This funding agreement with LAMBERT will be instrumental in the expansion of our projects. CHAMA is excited to partner with Lambert Private Equity as we move forward with our acquisition and development of natural gas and oil projects. This funding enables us to follow a clear path in our plan in the reworking of gas wells in the Powder River Basin and development of oil and gas wells elsewhere."
CHAMA TECHNOLOGAES INC. (CHAMA)
CHAMA is a Natural Gas and Oil exploration and development company with a device that utilizes the water in CBM wells for the extraction of Natural Gas. We have wells and property commitments in Wyoming in the area called the Powder River Basin. We also are negotiating offshore interests in the South China Sea as well as oil interests in Central America. For further information about CHAMA, please go to www.chamatech.com and www.chamaenergy.com.
About Lambert Private Equity LLC
Lambert Private Equity LLC invests though its unique equity and equity-linked structures in publicly traded companies around the globe.
Lambert Private Equity LLC generally looks to invest amounts from $10 million up to $500 million directly into listed companies for a variety of activities including working capital, accretive EBITDA acquisitions and other growth opportunities.
We focus on equity investments in public companies as well as private companies that will be listed on a securities exchange within six months of a funding commitment.
Lambert Private Equity LLC has no outside investors and is considered a private group run by its principals, similar to a merchant bank that invests its own capital and as such it is seeking capital appreciation through the identification and funding of growth companies.
Lambert Private Equity LLC is not an underwriter and the funding it provides is based on specific terms and conditions, including the price and volume of the company's shares once the company is publicly listed. Lambert Private Equity LLC does not provide volume, liquidity, investor relations or public relations services. www.lambertfunds.com
Forward Looking Statements
The information in this press release contains "forward-looking statements" and are inherently susceptible to uncertainty and changes in circumstances. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "intends," "objective", "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company's actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and other associated factors.