Welcome to our dedicated page for East West Petro news (Ticker: EWPMF), a resource for investors and traders seeking the latest updates and insights on East West Petro stock.
East West Petro (EWPMF) operates in oil and gas exploration and energy asset management, strategically balancing upstream development with capital distribution initiatives. This page provides investors and industry observers with timely updates on the company’s operational milestones, financial decisions, and regulatory engagements.
Access consolidated news on earnings announcements, asset acquisitions or divestitures, and compliance updates. Our repository ensures you stay informed about EWPMF’s strategies to optimize petroleum assets while maintaining shareholder value through structured capital returns.
Discover press releases covering exploration progress, partnership developments, and portfolio management decisions. Content is curated to support analysis of the company’s market positioning and risk management practices within the energy sector.
Bookmark this page for direct access to verified updates on East West Petro’s activities. Check back regularly to monitor how the company navigates evolving industry dynamics while prioritizing operational efficiency and regulatory adherence.
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) has announced a cash distribution to shareholders through a return of capital. The company will distribute $0.03 per common share, totaling $2,714,569.95 based on current outstanding shares. This decision follows shareholder approval at a special meeting on August 16, 2024. The distribution will be effective for registered shareholders as of September 5, 2024.
The process involves reducing the company's stated capital by $2,714,569.95 and includes a series of deemed sequential steps, such as reclassifying existing common shares into Class A common shares and creating a new class of common shares. Registered shareholders will receive cheques from Computershare Investor Services Inc., while beneficial shareholders will receive payment through their intermediaries.
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) has announced an update on its proposed return of capital to shareholders. The company has mailed out management information circulars and proxy materials for a special meeting to be held on August 16, 2024. Shareholders will vote on a special resolution to approve the distribution of up to $3,000,000 in cash as a return of capital. The Board of Directors unanimously recommends shareholders vote in favor of the proposed distribution.
Key points:
- Special meeting scheduled for August 16, 2024, at 10:00 a.m. Vancouver time
- Proxy voting deadline: August 14, 2024, at 10:00 a.m. Vancouver time
- Record date for eligible voters: July 10, 2024
- Anticipated distribution date: August 23, 2024 (subject to approvals)
East West Petroleum announced plans to return capital to shareholders by reducing its stated capital by up to $3 million.
This will involve a distribution of $0.03 per common share. A special meeting for shareholder approval is scheduled for August 2024.
The capital reduction from the company's current $39,868,761 is subject to regulatory and shareholder approvals.
The management information circular with more details will be mailed to shareholders in July 2024.
East West Petroleum Corp. (TSXV: EW) has announced that all necessary approvals for the sale of its New Zealand assets have been received. The purchaser has secured final approvals from New Zealand Petroleum & Minerals, ensuring the fulfillment of all conditions precedent. Title transfer is set to be completed on May 30, 2024. This milestone follows a previous announcement made on April 30, 2024. The company expressed gratitude to all parties involved in the transaction.
East West Petroleum Corp. provides an update on the sale of New Zealand oil and gas properties. The company informs that the purchaser has made all necessary regulatory filings and approvals are expected by May 31st, 2024. The purchaser has also fulfilled a contractual payment obligation, boosting the company's cash balance to approximately Canadian $6.7 million. The company retains the right to terminate the agreement if approvals are not obtained.
FAQ
What is the current stock price of East West Petro (EWPMF)?
What is the market cap of East West Petro (EWPMF)?
