VANCOUVER, March 25, 2019 /CNW/ - East West Petroleum
Corp. (TSX-V: EW) ("East West" or the "Company") provides this
further update to its news release of March
12th 2019 announcing the cancellation of a
special shareholders meeting to approve the Juva transaction.
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.
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.