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East West Petroleum ( (TSE:EW) ) has shared an announcement.
East West Petroleum Corp. announced that during its Annual and Special Meeting, shareholders approved a capital reduction and other resolutions, including the re-election of board members. The capital reduction involves decreasing the company’s stated capital by up to $3 million to distribute $0.03 per common share to shareholders. Additionally, Nick DeMare was appointed as Interim CEO and Corporate Secretary, while Harvey Lim took on the role of Interim CFO. These changes aim to streamline operations and potentially enhance shareholder value.
More about East West Petroleum
East West Petroleum Corp. operates in the petroleum industry, focusing on the exploration and development of oil and gas properties. The company is listed on the TSX Venture Exchange and is involved in managing and expanding its portfolio of energy assets.
Average Trading Volume: 74,272
Technical Sentiment Signal: Buy
Current Market Cap: C$4.07M
Find detailed analytics on EW stock on TipRanks’ Stock Analysis page.