VANCOUVER, March 14, 2019 /CNW/ - East West
Petroleum Corp. (TSX-V: EW) ("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.
The subject matter of the legal proceedings is unrelated to
Company activities or business and Mr. Sidoo remains as a director
of the Company.
On Behalf of the Board of Directors
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. The Company has
provided the forward-looking information, including, without
limitation, statements relating to the receipt of shareholder
approval for and subsequent completion of the Transaction, the
Spin-Out, the consolidation of common shares in the capital of the
Company, and related transactions, in reliance on assumptions that
it believes are reasonable at this time. Although the Company
believes in light of the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue
reliance should not be placed on them because the Company can give
no assurance that they will prove to be correct. Actual results and
developments may differ materially from those contemplated by these
statements depending on, among other things, changes in general
economic, market, or business conditions, and those risks set out
in the Company's public documents filed on SEDAR. The
forward-looking statements contained in this news release are made
as of the date hereof and the Company does not undertake to update
any forward-looking statements or forward-looking information that
is incorporated by reference herein, except as required by
applicable securities laws.
SOURCE East West Petroleum Corp.