|Bid||0.0700 x N/A|
|Ask||0.0800 x N/A|
|Day's Range||0.0700 - 0.0800|
|52 Week Range||0.0500 - 0.1100|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER , April 24, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") Mr. Nick DeMare , interim CEO, announces the granting of stock options to the independent directors of the Company for the purchase of up to 800,000 common shares, at a price of $0.10 per share, for a period of five years. 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. This news release contains "forward-looking information" within the meaning of applicable securities laws.
VANCOUVER , April 23, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") Mr. Nick DeMare , interim CEO, provides this corporate update in regards to various ongoing matters. As was announced April 2, 2019 the agreement with Juva Life Inc. was terminated pursuant to the mutual understanding of the parties and the terms of the agreement. Each company was responsible for its own transaction costs and no break fee existed in the agreements. The Company has moved on from the Juva transaction and is working with its core assets. With respect to its New Zealand assets, the Company is aware that TAG Oil Ltd. has reached an agreement to sell 100% of its New Zealand assets including the Cheal permits which are owned 70% by TAG and 30% by the Company.
CPA, CA, is the President of Pacific Opportunity Capital Ltd., in Vancouver B.C. Mr. Brown has assisted in the successful establishment of several private and public companies. In the public company sector, Mr. Brown has played key roles in the success of several companies which his team at Pacific Opportunity have listed on the TSXV, the TSX and the NYSE Mkt Exchanges. One of the companies founded and run by the team at Pacific Opportunity was built into a plus $500 million market capitalization entity and they have had many other successes over the past 20 years.
VANCOUVER , April 2, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") Mr. Nick DeMare , interim CEO, provides this further update to its prior news releases regarding the Juva transaction. The merger agreement with Juva has been terminated by mutual understanding of the parties and pursuant to the terms of the agreement. The Company will now complete steps to have it removed from the BC Securities Commission Issuers in Default list and will seek to have trading in its common shares on the TSX Venture Exchange reinstated.
While the meeting was cancelled the Company did receive final tally of votes by shareholders for the cancelled meeting and if the meeting had taken place the Juva transaction would not have received approval by shareholders. At this time the Company will not be rescheduling a meeting of shareholders to consider the Juva transaction. The Company is in discussions with Juva management to determine appropriate course of action with the contractual arrangements that exist at this time.
VANCOUVER , March 14, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") reports that Mr. David Sidoo is no longer President and CEO. As has been mentioned in the media Mr. Sidoo has been named in legal proceedings from the US government. In light of this legal action Mr. Sidoo has decided it would be in the best interests of the Company to take a leave of absence from his executive role in the Company.
VANCOUVER , March 12, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") announces cancellation of the annual general and special meeting (the "AGM") of the shareholders of the Company (the "Shareholders"), which AGM was scheduled to be held at 10:00 a.m. (local time) on Friday, March 15, 2019 at Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia , Canada. All resolutions proposed for presentation to the Shareholders in the Notice of Annual General and Special Meeting of Shareholders, the accompanying Management Information Circular and the form of Proxy, which were previously mailed to all Shareholders, are anticipated to be amended and mailed to all Shareholders prior to the re-scheduled AGM being held.
VANCOUVER , Feb. 19, 2019 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") is pleased to provide this corporate update. The Company is pleased to announce that it has executed a definitive agreement with Juva Life Inc. ("Juva") pursuant to which it will complete, subject to shareholder approval, the acquisition of Juva (the "Transaction') as previously announced and discussed in further detail in the Company's news releases dated January 8, 2018 , August 17, 2018 and July 17, 2018 (the "News Releases"). In connection with the Transaction, the Company plans to delist its common shares from the TSX Venture Exchange, change its name to Juva and subsequently list on the Canadian Securities Exchange. On completion of the Transaction, the business of the Company will be the business of Juva.
VANCOUVER , Aug. 17, 2018 /CNW/ - International oil and gas producer East West Petroleum Corp. (EW.V) ("East West" or the "Company") is pleased to announce that the Company's joint venture partner and operator, Naftna Industrija Srbije ("NIS") has provided the following operational update for Romania . An exploration well, BVs-1000, has been spudded on August 7, 2018 , targeting a combination structural/stratigraphic trap on trend with a proven oil/gas/condensate field. Following the successful testing of the Teremia-1000 exploration well in 2017, which flowed oil and gas from multiple zones, drilling of a deviated appraisal well on the Teremia-1000 structure is anticipated to commence in September 2018 .
VANCOUVER , July 17, 2018 /CNW/ - East West Petroleum Corp. (EW.V) ("East West" or the "Company") is pleased to announce that it has agreed to implement a restructuring and as part of this the signing of a Letter of Intent (LOI) dated July 16 th 2018 to acquire all of the issued and outstanding common shares in the capital of Juva Life Inc. ("Juva"), a California -based cannabis company. East West currently operates as an oil & gas exploration and development corporation. The first step in the restructuring is the spin-out of oil & gas assets, with corresponding cash flow and all other assets to a new wholly-owned subsidiary of East West.