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CAK > SEC Filings for CAK > Form 8-K on 27-Jan-2014All Recent SEC Filings

Show all filings for CAMAC ENERGY INC.



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On Friday, January 24, 2014, the Board of Directors of CAMAC Energy Inc. (the "Company") declared a stock dividend on all shares of the Company's outstanding common stock. The stock dividend will entitle all stockholders of record as of the close of business on February 13, 2014 to receive 1.4348 additional shares of common stock for every one share of common stock held. Subject to the satisfaction of the conditions precedent described below, the additional shares will be distributed to stockholders on or about February 21, 2014. Cash will be paid in lieu of issuing fractional shares.

The payment of the stock dividend is conditioned on (i) approval by the Company's stockholders at the special meeting of stockholders to be held on February 13, 2014 of certain proposals related to the Company's proposed acquisition of interests in the production sharing contract covering Oil Mining Leases 120 and 121 offshore Nigeria, including a proposal to amend the Company's certificate of incorporation to increase the number of authorized shares of common stock and (ii) approval of the listing of the Company's common stock on the Johannesburg Stock Exchange, which is anticipated to be received prior to February 13, 2014.

A copy of the press release issued by the Company on January 27, 2014, is attached to this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 Press Release issued on January 27, 2014 declaring a stock dividend.

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