East West Petroleum Shareholders Approve Return of Capital
East West Petroleum Corp. (TSXV: EW) has announced that its shareholders have approved a return of capital through a reduction in the company's stated capital. The board of directors has determined that the stated capital, currently at $39,868,761, will be reduced by up to $3 million. This reduction will allow for a distribution of $0.03 per common share to shareholders.
The company will issue another news release to confirm the effective date for the capital reduction and distribution. Detailed information about this process is available in the management information circular, which can be accessed on the Canadian Securities Administrators' website at www.sedarplus.ca.
East West Petroleum Corp. (TSXV: EW) ha annunciato che i suoi azionisti hanno approvato un rimborso di capitale attraverso una riduzione del capitale dichiarato della società. Il consiglio di amministrazione ha stabilito che il capitale dichiarato, attualmente pari a $39.868.761, sarà ridotto fino a $3 milioni. Questa riduzione permetterà una distribuzione di $0,03 per azione ordinaria agli azionisti.
La società emetterà un altro comunicato stampa per confermare la data di efficacia per la riduzione del capitale e la distribuzione. Informazioni dettagliate su questo processo sono disponibili nel circolare informativa per la gestione, accessibile sul sito web degli Amministratori di Sicurezza Canadiani all'indirizzo www.sedarplus.ca.
East West Petroleum Corp. (TSXV: EW) ha anunciado que sus accionistas han aprobado un retorno de capital mediante una reducción del capital declarado de la empresa. La junta directiva ha determinado que el capital declarado, que actualmente es de $39,868,761, se reducirá hasta $3 millones. Esta reducción permitirá una distribución de $0.03 por acción común a los accionistas.
La empresa emitirá otro comunicado de prensa para confirmar la fecha efectiva de la reducción de capital y la distribución. La información detallada sobre este proceso está disponible en el folleto informativo de gestión, al que se puede acceder en el sitio web de los Administradores de Valores de Canadá en www.sedarplus.ca.
East West Petroleum Corp. (TSXV: EW)는 주주들이 회사의 법정 자본 감소를 통해 자본 환급을 승인했다고 발표했습니다. 이사회는 현재 $39,868,761인 법정 자본을 최대 $3백만까지 줄이기로 결정했습니다. 이 감소는 주주들에게 $0.03의 보통주당 배당금을 분배할 수 있게 합니다.
회사는 자본 감소 및 분배의 시행일을 확인하기 위해 또 다른 보도자료를 발행할 것입니다. 이 과정에 대한 자세한 정보는 경영자 정보 원형에서 확인할 수 있으며, 캐나다 증권 관리자 웹사이트 www.sedarplus.ca에서 접근할 수 있습니다.
East West Petroleum Corp. (TSXV: EW) a annoncé que ses actionnaires ont approuvé un retour de capital par une réduction du capital déclaré de la société. Le conseil d'administration a déterminé que le capital déclaré, actuellement de $39,868,761, sera réduit jusqu'à $3 millions. Cette réduction permettra une distribution de $0,03 par action ordinaire aux actionnaires.
L'entreprise publiera un autre communiqué de presse pour confirmer la date d'effet de la réduction de capital et de la distribution. Des informations détaillées sur ce processus sont disponibles dans la circulaire d'information de la direction, accessible sur le site Web des Autorités canadiennes en valeurs mobilières à l'adresse www.sedarplus.ca.
East West Petroleum Corp. (TSXV: EW) hat bekannt gegeben, dass die Aktionäre eine Kapitalrückführung durch eine Reduzierung des ausgewiesenen Kapitals des Unternehmens genehmigt haben. Der Vorstand hat beschlossen, dass das derzeit bei $39.868.761 liegende ausgewiesene Kapital um bis zu $3 Millionen reduziert wird. Diese Reduzierung ermöglicht eine Verteilung von $0,03 pro Stammaktie an die Aktionäre.
Das Unternehmen wird eine weitere Pressemitteilung herausgeben, um das Datum für die Kapitalreduzierung und die Verteilung zu bestätigen. Detaillierte Informationen zu diesem Prozess sind im Management-Informationsrundschreiben verfügbar, das auf der Website der kanadischen Wertpapierbehörden unter www.sedarplus.ca abgerufen werden kann.
- Shareholders approved the return of capital
- Distribution of $0.03 per common share to shareholders
- Up to $3 million to be returned to shareholders
- Reduction in company's stated capital by up to $3 million
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2024) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") announces that its shareholders have today approved its previously announced return of capital by way of a reduction in stated capital of the Company. In accordance with the special resolution passed by the shareholders, the board of directors of the Company has determined that the stated capital of the Company, which is currently
The Company will issue a further news release once the effective date for the Capital Reduction and the Distribution is finalized.
Further details in respect of the Capital Reduction and Distribution are available in the management information circular of the Company in respect of the special meeting of shareholders held on August 16, 2024, 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 proposed Capital Reduction and the Distribution and the anticipated timing of the completion of the Capital Reduction and 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 completion and timing of the Capital Reduction and 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, including unforeseen delays or the need for additional time to satisfy the other conditions to the completion of the Capital Reduction and the Distribution. Accordingly, 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/220245
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