East West Petroleum (TSE:EW) has released an update.
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East West Petroleum Corp. shareholders have given the green light for a return of capital, which includes a reduction in stated capital by up to $3 million, translating to a distribution of $0.03 per common share. The company will announce the effective date for this financial maneuver in a subsequent news release, with further details already available in the management information circular on the Canadian Securities Administrators’ website.
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