East West Petroleum Announces Name Change and Consolidation
East West Petroleum (TSXV: EW) has announced two significant corporate changes: a name change to East West Minerals Ltd. and a 10-for-1 share consolidation. The company, which currently has 90,485,665 outstanding common shares, will see this number reduced to approximately 9,048,566 shares post-consolidation.
Both changes are expected to be implemented shortly after September 22, 2025, following the ex-distribution date of a previously announced capital reduction and special distribution. The company's stock symbol will remain unchanged, and these corporate actions are pending TSX Venture Exchange approval.
East West Petroleum (TSXV: EW) ha annunciato due significativi cambiamenti societari: una modifica del nome in East West Minerals Ltd. e una consolidazione azionaria 10 a 1. La società, attualmente in possesso di 90.485.665 azioni ordinarie in circolazione, vedrà questo numero ridursi a circa 9.048.566 azioni dopo la consolidazione.
Entrambi i cambiamenti dovrebbero essere attuati poco dopo il 22 settembre 2025, a seguito della data ex-distribuzione di una riduzione di capitale e distribuzione speciale precedentemente annunciata. Il simbolo azionario della società rimarrà invariato, e queste operazioni societarie sono soggette all'approvazione della TSX Venture Exchange.
East West Petroleum (TSXV: EW) ha anunciado dos cambios corporativos significativos: un cambio de nombre a East West Minerals Ltd. y una consolidación de acciones de 10 a 1. La empresa, que actualmente tiene 90,485,665 acciones ordinarias en circulación, verá reducido este número a aproximadamente 9,048,566 acciones tras la consolidación.
Se espera que ambos cambios se implementen poco después del 22 de septiembre de 2025, tras la fecha ex-dividendo de una reducción de capital y distribución especial anunciadas previamente. El símbolo bursátil de la empresa permanecerá sin cambios, y estas acciones corporativas están pendientes de aprobación por la TSX Venture Exchange.
East West Petroleum (TSXV: EW)는 두 가지 중요한 기업 변화를 발표했습니다: 이름을 East West Minerals Ltd.로 변경하고 10대 1 주식 합병을 실시합니다. 현재 발행 주식 수는 90,485,665주로, 합병 후 약 9,048,566주로 감소합니다.
두 변화는 이전에 발표된 자본 감소 및 특별 분배의 ex-배당일 이후인 2025년 9월 22일경에 시행될 예정입니다. 회사의 주식 기호는 변함없으며, 이 기업 거래는 TSX 벤처 거래소의 승인을 기다리고 있습니다.
East West Petroleum (TSXV: EW) a annoncé deux changements importants au niveau de l'entreprise: un changement de nom pour East West Minerals Ltd. et une réorganisation d'actions 10 pour 1. La société, qui compte actuellement 90 485 665 actions ordinaires en circulation, voit ce nombre passer à environ 9 048 566 actions après la consolidation.
Les deux changements devraient être mis en œuvre peu après le 22 septembre 2025, après la date d'ex-dividende d'une réduction de capital et d'une distribution spécifique annoncées précédemment. Le symbole boursier de la société restera inchangé, et ces opérations sont soumises à l'approbation de la TSX Venture Exchange.
East West Petroleum (TSXV: EW) hat zwei bedeutende Unternehmensänderungen angekündigt: eine Namensänderung in East West Minerals Ltd. und eine 10-für-1-Aktienzusammenlegung. Das Unternehmen, das derzeit 90.485.665 ausstehende Stammaktien hat, wird nach der Zusammenlegung auf etwa 9.048.566 Aktien sinken.
Beide Änderungen sollen kurz nach dem 22. September 2025 umgesetzt werden, nach dem Ex-Dividenden-Datum einer zuvor angekündigten Kapitalherabsetzung und Sonderausschüttung. Der Börsenkürzel des Unternehmens bleibt unverändert, und diese Unternehmensmaßnahmen bedürfen der Genehmigung der TSX Venture Exchange.
إيست ويست بتروليوم (TSXV: EW) أعلنت عن تغيرين مؤسسيين مهمين: تغيير الاسم إلى East West Minerals Ltd. و< b>إيضاح الأسهم 10 إلى 1. الشركة، التي لديها حاليًا 90,485,665 سهمًا عاديًا قائمًا، ستشهد انخفاض هذا العدد إلى حوالي 9,048,566 سهمًا بعد الدمج.
من المتوقع تنفيذ كلا التغييرين في وقت قريب بعد 22 سبتمبر 2025، عقب تاريخ استبعاد التوزيع من حقوق توزيع رأس المال وتقسيم التوزيع الخاص المعلن سابقًا. رمز السهم للشركة سيبقى دون تغيير، وتلك الإجراءات المؤسسية قيد موافقة TSX Venture Exchange.
East West Petroleum (TSXV: EW)宣布两项重要的公司层面变动：将名称改为East West Minerals Ltd.，以及一个10 对 1 的股票合并。公司目前在外流通的普通股数量为90,485,665股，合并后将降至约9,048,566股。
两项变动预计在2025年9月22日之后不久实施，此前宣布的资本减少及特别分配的除权日之后。公司的股票代码保持不变，这些公司行动仍待得到TSX Venture Exchange的批准。
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Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") announces that it intends to change the Company's name from "East West Petroleum Corp." to "East West Minerals Ltd." (the "Name Change"). Concurrently with the Name Change the Company will be consolidating its common shares on a ten (10) for one (1) basis (the "Share Consolidation"). It is expected that the Name Change and Consolidation will be completed shortly after September 22, 2025, being the ex-distribution date of the capital reduction and special distribution discussed in the Company's news release of September 11, 2025.
The Company currently has 90,485,665 common shares issued and outstanding. Following the proposed Share Consolidation, the Company will have approximately 9,048,566 common shares issued and outstanding prior to rounding for fractional shares. The Share Consolidation and Name Change were approved by the board of directors of the Company but remain subject to the approval of the TSX Venture Exchange (the "TSXV"). The Company will issue a further news release upon receiving TSXV approval, announcing the effective date of the Name Change and Consolidation. The Company's stock symbol will remain unchanged.
On Behalf of the Board
"Nick DeMare"
Nick DeMare,
Director & Interim CEO
1305 - 1090 West Georgia Street, Vancouver, BC, Canada, V6E 3V7
Tel: 604.685.9316 | Fax: 604.683.1585
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266751
FAQ
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