East West Petroleum Announces Payment Date of Previously Announced Cash Distribution to Shareholders
East West Petroleum Corp. (TSXV: EW) has announced the payment date for its previously declared special distribution to shareholders. The distribution, amounting to $0.03 per common share for a total of $2,714,569.95, will be paid on September 12, 2024. Registered shareholders of record on September 5, 2024 will receive cheques from the paying agent, Computershare Investor Services Inc.
Due to the significant size of the distribution, the TSX Venture Exchange has implemented 'Due Bill' trading procedures. Trades between September 5 and September 12, 2024, will have a Due Bill attached, ensuring the purchaser receives the distribution. Due Bills will be redeemed on September 13, 2024.
East West Petroleum Corp. (TSXV: EW) ha annunciato la data di pagamento per la sua distribuzione speciale precedentemente dichiarata agli azionisti. La distribuzione, che ammonta a $0.03 per azione ordinaria per un totale di $2,714,569.95, sarà pagata il 12 settembre 2024. Gli azionisti registrati al 5 settembre 2024 riceveranno assegni dall'agente pagatore, Computershare Investor Services Inc.
Data la significativa entità della distribuzione, la Borsa di Toronto Venture ha implementato procedure di trading 'Due Bill'. Le operazioni tra il 5 settembre e il 12 settembre 2024 avrà un Due Bill allegato, garantendo che l'acquirente riceva la distribuzione. I Due Bills saranno riscattati il 13 settembre 2024.
East West Petroleum Corp. (TSXV: EW) ha anunciado la fecha de pago para su distribución especial previamente declarada a los accionistas. La distribución, que asciende a $0.03 por acción ordinaria por un total de $2,714,569.95, se pagará el 12 de septiembre de 2024. Los accionistas registrados a partir del 5 de septiembre de 2024 recibirán cheques del agente pagador, Computershare Investor Services Inc.
Debido al tamaño significativo de la distribución, la Bolsa de Valores de Toronto Venture ha implementado procedimientos de comercio 'Due Bill'. Las operaciones entre el 5 de septiembre y el 12 de septiembre de 2024 tendrán un Due Bill adjunto, asegurando que el comprador reciba la distribución. Los Due Bills serán canjeados el 13 de septiembre de 2024.
East West Petroleum Corp. (TSXV: EW)는 주주들에게 이전에 발표된 특별 배당금의 지급 날짜를 발표했습니다. 배당금은 총 $2,714,569.95에 해당하는 주당 $0.03입니다. 지급은 2024년 9월 12일에 이루어질 예정입니다. 2024년 9월 5일 기준으로 등록된 주주들은 Computershare Investor Services Inc.에서 수표를 받을 것입니다.
배당금의 상당한 규모로 인해 TSX 벤처 거래소는 'Due Bill' 거래 절차를 시행했습니다. 2024년 9월 5일과 9월 12일 사이의 거래에는 Due Bill이 첨부되어 구매자가 배당금을 받을 수 있도록 보장합니다. Due Bill은 2024년 9월 13일에 상환됩니다.
East West Petroleum Corp. (TSXV: EW) a annoncé la date de paiement de son versement spécial précédemment déclaré aux actionnaires. Ce versement, qui s'élève à $0.03 par action ordinaire pour un total de $2,714,569.95, sera effectué le 12 septembre 2024. Les actionnaires enregistrés à la date du 5 septembre 2024 recevront des chèques de l'agent de paiement, Computershare Investor Services Inc.
En raison de l'ampleur significative du versement, la Bourse de Toronto Venture a mis en place des procédures de négociation 'Due Bill'. Les transactions entre le 5 septembre et le 12 septembre 2024 seront accompagnées d'un Due Bill, garantissant que l'acheteur reçoit le versement. Les Due Bills seront échangés le 13 septembre 2024.
East West Petroleum Corp. (TSXV: EW) hat das Zahlungsdatum für die zuvor erklärte Sonderdividende an die Aktionäre bekannt gegeben. Die Ausschüttung in Höhe von $0.03 pro Stammaktie totalisiert $2,714,569.95 und wird am 12. September 2024 ausgezahlt. Registrierte Aktionäre mit Stichtag 5. September 2024 erhalten Schecks von der Zahlstelle, Computershare Investor Services Inc.
Aufgrund der erheblichen Größe der Ausschüttung hat die TSX Venture Exchange 'Due Bill'-Handelsverfahren eingeführt. Geschäfte zwischen dem 5. September und dem 12. September 2024 erhalten ein Due Bill, das sicherstellt, dass der Käufer die Ausschüttung erhält. Die Due Bills werden am 13. September 2024 eingelöst.
- Special distribution of $0.03 per share, totaling $2,714,569.95
- Implementation of 'Due Bill' trading procedures to protect purchasers' rights to the distribution
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to announce that, further to its news releases of August 16, 2024 and August 29, 2024, the special distribution to holders of common shares of the Company ("Shareholders") by way of a return of capital, in the amount of
Each registered Shareholder of record on September 5, 2024 (the "Record Date") will receive a cheque from the Paying Agent representing their pro rata share of the Distribution. Beneficial Shareholders can expect to receive payment from their intermediaries, each of whom has its own payment process.
Given that the Distribution represents more than
Additional details with respect to the Distribution is set out in the management information circular of the Company dated July 10, 2024 (the "Circular"), a copy of which is available free of charge under the Company's profile at the Canadian Securities Administrators' website at www.sedarplus.ca.
On Behalf of the Board
"Nick DeMare"
Nick DeMare,
Director & Interim CEO
604.685.9316
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.
Forward-looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements relating to the Distribution, including the anticipated payout of the Distribution.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In respect of the forward-looking statements and information concerning the anticipated payout of the Distribution, the Company has made certain assumptions that management believes are reasonable at this time. These dates may change for a number of reasons and readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222019
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