On August 16, 2024, East West Petroleum Corp. (TSXV: EW) announced that its shareholders have approved the return of capital through a reduction in stated capital of the Company. The board of directors has decided to reduce the stated capital by up to $3 million, distributing $0.03 per common share to the holders. The effective date for the Capital Reduction and the Distribution will be announced in a future news release.
More information about the Capital Reduction and Distribution can be found in the management information circular available on the Canadian Securities Administrators’ website.
This news release includes forward-looking statements about the Company’s expectations and views of future events. These statements involve uncertainties that may cause actual results to differ from the expressed forward-looking statements. The Company is not obliged to update or revise these statements unless required by law. Readers should not overly rely on these forward-looking statements as factors that could impact them may emerge unexpectedly. The source version of this press release can be viewed at the company’s website.
