VANCOUVER, Aug. 7, 2019 /CNW/ - East West
Petroleum Corp. (TSXV: EW) ("East West" or the
"Company") announces that further to the Company's news
release of June 24, 2019, the
shareholders have voted overwhelmingly in favour of the Company's
disposition of its 30% interest in the Cheal petroleum mining and
exploration permits in New Zealand. A total of 26.3 million
shares voted, 29.4% of the issued and outstanding shares, and 97.2%
of the shares voted in favour.
The Company is moving forward to finalize all transaction
documentation, obtain regulatory acceptance of filings made with
the TSX Venture Exchange and close the transaction. Further
news will be issued as available.
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.