VANCOUVER, April 2, 2019 /CNW/ - East West
Petroleum Corp. (TSX-V: EW) ("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.
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.