East west petroleum announces cash distribution to shareholders by way of return of capital

Vancouver, british columbia--(newsfile corp. - august 29, 2024) - east west petroleum corp. (tsxv: ew) ("east west" or the "company") 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 ("shareholders") 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 (the "distribution"). at the special meeting of shareholders held on august 16, 2024 (the "meeting"), shareholders approved the reduction of the stated capital of the company (the "capital reduction") for the purposes of the distribution.
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