East West Petroleum (TSXV: EW) provided updates on three key corporate actions. The company is proceeding with its previously announced special distribution through capital reduction, though not yet completed. Additionally, the TSX Venture Exchange has approved both the company’s name change to “East West Minerals Ltd.” and a 10-for-1 share consolidation. However, these changes will only be implemented after the special distribution is finalized.

The company, under interim CEO Nick DeMare, will provide further updates on the timing of these corporate actions once the special distribution process is complete.

East West Petroleum (TSXV: EW) ha fornito aggiornamenti su tre azioni societarie chiave. L’azienda procede con la distribuzione speciale annunciata in precedenza tramite riduzione del capitale, sebbene non sia ancora stata completata. Inoltre, la Toronto Stock Exchange Venture Exchange ha approvato sia il cambio nome in “East West Minerals Ltd.” sia una consolidazione azioni 10-for-1. Tuttavia, tali cambiamenti saranno attuati solo dopo che la distribuzione speciale sarà finalizzata.

Guidata dall’amministratore delegato ad interim Nick DeMare, l’azienda fornirà ulteriori aggiornamenti sui tempi di queste azioni societarie una volta che il processo di distribuzione speciale sarà completato.

East West Petroleum (TSXV: EW) proporcionó actualizaciones sobre tres acciones corporativas clave. La empresa continúa con su distribución especial anunciada previamente mediante una reducción de capital, aunque aún no se ha completado. Además, la Bolsa de Valores de Canadá, TSX Venture Exchange, ha aprobado tanto el cambio de nombre de la empresa a “East West Minerals Ltd.” como una consolidación de acciones de 10 a 1. Sin embargo, estos cambios solo se implementarán después de que la distribución especial se finalice. La empresa, bajo el liderazgo interino del CEO Nick DeMare, proporcionará más actualizaciones sobre el momento de estas acciones corporativas una vez que el proceso de distribución especial esté completo.

East West Petroleum (TSXV: EW)가 세 가지 핵심 기업 조치에 대해 업데이트를 제공했습니다. 회사는 이전에 발표한 특별 분배를 자본 감소를 통해 진행 중이며, 아직 완료되지 않았습니다. 또한 TSX 벤처 익스체인지가 회사의 이름 변경을 “East West Minerals Ltd.”로, 그리고 10대1 주식 합병도 승인했습니다. 다만 이 변경은 특별 분배가 확정된 후에만 시행될 것입니다.

대 Interim CEO Nick DeMare의 지휘 아래, 회사는 특별 분배 절차가 완료되는 즉시 이 기업 조치들의 시기에 대해 추가 업데이트를 제공할 것입니다.

East West Petroleum (TSXV: EW) a fourni des mises à jour sur trois actions clés de la société. La société poursuit la distribution spéciale annoncée précédemment par le biais d’une réduction de capital, bien que non encore achevée. De plus, la TSX Venture Exchange a approuvé le changement de nom de l’entreprise « East West Minerals Ltd. » ainsi qu’une régie d’actions 10 pour 1 (consolidation d’actions 10 pour 1). Cependant, ces modifications ne seront mises en œuvre qu’après que la distribution spéciale sera finalisée. Sous la direction par intérim du PDG Nick DeMare, l’entreprise donnera de nouvelles mises à jour sur le calendrier de ces actions une fois le processus de distribution spéciale terminé.

East West Petroleum (TSXV: EW) gab Updates zu drei wichtigen Unternehmensmaßnahmen bekannt. Das Unternehmen setzt die zuvor angekündigte Sonderausschüttung durch eine Kapitalreduktion fort, obwohl sie noch nicht abgeschlossen ist. Außerdem hat die TSX Venture Exchange zugestimmt, den Firmennamen in „East West Minerals Ltd.“ zu ändern, sowie eine 10-für-1-Aktienspaltung. Diese Änderungen werden jedoch erst umgesetzt, nachdem die Sonderausschüttung abgeschlossen ist.

Unter der vorläufigen Geschäftsführung von Nick DeMare wird das Unternehmen weitere Updates zum Zeitplan dieser Unternehmensmaßnahmen geben, sobald der Prozess der Sonderausschüttung abgeschlossen ist.

East West Petroleum (TSXV: EW) قدمت تحديثات بشأن ثلاث إجراءات شركة رئيسية. تواصل الشركة تنفيذ التوزيع الخاص كما أعلنت سابقاً من خلال تقليل رأس المال، رغم أنه لم يكتمل بعد. بالإضافة إلى ذلك، وافقت بورصة تورنتو للمشروعات الصغيرة (TSX Venture Exchange) على تغير اسم الشركة إلى “East West Minerals Ltd.” وأيضاً على دمج الأسهم 10 مقابل 1. ومع ذلك، ستنفذ هذه التغييرات فقط بعد أن يتم الانتهاء من التوزيع الخاص.

وتحت قيادة المؤسس المؤقت Nick DeMare، ستقدم الشركة تحديثات إضافية حول توقيت هذه الإجراءات حين يكتمل عملية التوزيع الخاص.

East West Petroleum (TSXV: EW) 就三项核心公司行动提供了更新。公司正在通过资本减少推进此前宣布的特别分配，尽管尚未完成。此外，加拿大多伦多证券交易所创投板已批准将公司名称更改为“East West Minerals Ltd.”以及一项10比1的股票合并。然而，这些变更只有在特别分配完成后才会实施。

在代理首席执行官 Nick DeMare 的领导下，公司将在特别分配流程完成后，进一步更新这些公司行动的时间安排。












09/22/2025 – 05:00 PM


Vancouver, British Columbia–(Newsfile Corp. – September 22, 2025) – East West Petroleum Corp. (TSXV: EW) (“East West” or the “Company”) wishes to provide an update on the capital reduction and special distribution discussed in the Company’s news release of September 11, 2025 (the “Special Distribution”). Although the Special Distribution has not yet been completed, the process to complete it remains underway and is continuing to progress. The Company will provide a further update once the Special Distribution has been completed.

Further to its news release of September 17, 2025 announcing the proposed name change from “East West Petroleum Corp.” to “East West Minerals Ltd.” (the “Name Change”) and consolidation of its common shares on a ten (10) for one (1) basis (the “Share Consolidation”), the Company also wishes to announce that the TSXV has approved the Name Change and Share Consolidation but these will not be implemented until after the Special Distribution is completed. The Company will provide a further update on timing of the Name Change and Share Consolidation after the Special Distribution is completed.

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.

Cautionary Note Regarding Forward-Looking Information

This news release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267423











FAQ



What is the new share consolidation ratio announced by East West Petroleum (TSXV: EW)?


East West Petroleum announced a 10-for-1 share consolidation, meaning every 10 existing shares will be consolidated into 1 new share.


What is East West Petroleum’s new company name after the announced change?


The company will change its name from East West Petroleum Corp. to East West Minerals Ltd. following the completion of the special distribution.


When will East West Petroleum’s name change and share consolidation take effect?


The name change and share consolidation will be implemented after the completion of the special distribution. The exact timing has not been announced yet.


Has the TSX Venture Exchange approved East West Petroleum’s corporate changes?


Yes, the TSX Venture Exchange has approved both the name change to East West Minerals Ltd. and the 10-for-1 share consolidation.