East West Petroleum Corp.

East West Petroleum Corp. is pleased to announce that, further to its news release of August 16, 2024, it will distribute to holders of common shares of the Company by way of a return of capital, $0.03 per common share of the Company, for an aggregate distribution amount, based on today's issued and outstanding shares, of $2,714,569.95 . At the special meeting of Shareholders held on August 16, 2024 , Shareholders [...]

East West Petroleum Corp. 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 $39,868,761, will be reduced by up to $3 million, pursuant to the [...]

East West Petroleum Corp. is pleased to provide this update in regard to the status of the proposed return of capital announced on June 19, 2024. The Company has prepared and mailed its management information circular and related proxy materials to its shareholders in connection with the special meeting of Shareholders to be held at 10:00 a.m. on August 16, 2024 . The Meeting Materials have been mailed to Shareholders of [...]

East West Petroleum Corp. announces that the Board of directors has determined that its in the best interest of the Company to return capital to its shareholders by way of a reduction in stated capital of the Company. The Company will call a special meeting of its shareholders, to be held in August 2024 , where shareholders will be asked to consider and, if advisable, approve, among other things, a reduction in the stated [...]

East West Petroleum Corp. is pleased to report that further to its news release of April 30th, 2024 the purchaser has now obtained final approvals from New Zealand Petroleum & Minerals and as a result all conditions precedent have been met. Completion of title transfer will occur in New Zealand on May 30th 2024. The Company wishes to thank all parties involved in this transaction for their efforts in completing this [...]

East West Petroleum Corp. is pleased to provide this update in regard to the status of the sale of the New Zealand oil and gas properties. Pursuant to the terms of the purchase and sale agreement, the purchaser is required to obtain necessary regulatory and governmental approvals as a condition to closing. The Company has been advised by the purchaser that all required filings for approvals have been made, all comments [...]

East West Petroleum Corp. is pleased to provide this update in regard to the status of the sale of the New Zealand oil and gas properties. Pursuant to the terms of the purchase and sale agreement, the purchaser is required to obtain necessary regulatory and governmental approvals as a condition to closing. The Company has been advised by the purchaser that all required filings for approvals have been made and such [...]

East West Petroleum Corp. is pleased to comment on its financial results for the nine months ended December 31, 2023. During the nine months ended December 31, 2023, the Company generated revenue of $2,056,017 with direct costs of $1,842,854 resulting in a gross profit of $213,163 and after corporate expenses and other items the net loss for the period was $158,932. On October 31, 2023, the Company entered into an interim [...]

East West Petroleum Corp. reports that further to the Company's news releases dated November 1st and December 15th , 2023 the Company and purchaser have finalized and signed the definitive agreement for the sale of the Company's oil and gas interests in New Zealand. A refundable deposit of US$250,000 will now be paid by the purchaser. The sale is subject to receipt of all necessary New Zealand government approvals and the [...]

East West Petroleum Corp. is pleased to announce that at the Annual & Special Meeting of Shareholders of the Company held on December 15, 2023, the shareholders re-elected Messrs. Nick DeMare, Mark T. Brown and Kevin William Haney as directors of the Company. The shareholders also passed all other resolutions including an ordinary resolution to ratify the stock option plan, pursuant to which the Company may grant stock [...]