East west petroleum shareholders approve return of capital

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 $39,868,761, will be reduced by up to $3 million, pursuant to the business corporations act (british columbia), for the purposes of distributing to the holders of common shares of the company a portion of the company's cash in the amount of $0.03 per common share (the "distribution").
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