East West Petroleum (TSE:EW) has released an update.
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East West Petroleum Corp. has announced a significant cash distribution of $0.03 per common share, totaling $2,714,569.95, which will be paid to shareholders on record as of September 5, 2024, with payment processing on September 12, 2024. The distribution is substantial, representing over 25% of the company’s market value, triggering ‘Due Bill’ trading procedures on the TSX Venture Exchange to ensure rightful allocation to purchasers during the transaction period.
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