VANCOUVER, June 25 2019 /CNW/ - East West
Petroleum Corp. (TSX-V: EW) ("East West" or the
"Company") announces that further to the Company's news
release of June 24, 2019, the
Company's disposition of its interest in its petroleum mining and
exploration permits in New Zealand
will constitute a reviewable transaction pursuant to the policies
of the TSX Venture Exchange, requiring the approval of the
Company's shareholders. The Company has called a special meeting
for the exclusive purpose of obtaining an ordinary resolution
approving the disposition of the mining and exploration permits in
New Zealand, which meeting is to
be held on August 7, 2019 for
shareholders of record of the Company as of July 2, 2019.
The Company will be providing an information circular to
shareholders detailing the terms of the proposed sale of the
Company's New Zealand mining and
exploration permits which is anticipated to be delivered on or
about July 10, 2019
BY ORDER OF THE BOARD OF DIRECTORS
Nick Demare
Interim CEO and Director
About East West Petroleum Corp.
East West Petroleum Corp. (www.eastwestpetroleum.ca) is a TSX
Venture Exchange listed company established in 2010 to invest in
international oil & gas opportunities. The Company has its
primary focus on two key areas: New
Zealand, where it has established production and cash flow
and Romania where it is carried to
production on an exploration program. In Romania the Company has exploration rights in
four exploration concessions covering 1,000,000 acres in the
prolific Pannonian Basin of western Romania with Naftna Industrija Srbije ("NIS").
The Company does not own the acres but has exploration rights.
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: Certain statements in this
press release are "forward-looking statements" which reflect the
Company's current expectations and projections about future events
and financial trends that it believes might affect its financial
condition, results of operations, business strategy and financial
needs. In some cases, these forward-looking statements can be
identified by words or phrases such as "may", "might", "will",
"expect", "anticipate", "estimate", "intend", "plan", "indicate",
"seek", "believe", "estimates", "predicts" or "likely", or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. Whether actual results,
performance or achievements will conform to the Company's
expectations and predictions is subject to a number of known and
unknown risks, uncertainties, assumptions and other factors,
including without limitation, those risks and uncertainties
discussed elsewhere in the Company's filings on SEDAR. Investors
should not place undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
hereof and is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
SOURCE East West Petroleum Corp.