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East West Petroleum Announces Update on Juva Acquisition
East West Petroleum Announces Update on Juva Acquisition Canada NewsWire VANCOUV...
About this update from East West Minerals Ltd.
[{"type":"text","content":"\n\n\n\nEast West Petroleum Announces Update on Juva Acquisition\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 19, 2019\n\n\n\nVANCOUVER, Feb. 19, 2019 /CNW/ - East West Petroleum Corp. (TSX-V: EW) (\"East West\" or the \"Company\") is pleased to provide this corporate update.\n\n \n \n\n \nJUVA LIFE INC. (\"JUVA\") ACQUISITION UPDATE\nThe Company is pleased to announce that it has executed a definitive agreement with Juva Life Inc. (\"Juva\") pursuant to which it will complete, subject to shareholder approval, the acquisition of Juva (the \"Transaction') as previously announced and discussed in further detail in the Company's news releases dated January 8, 2018, August 17, 2018 and July 17, 2018 (the \"News Releases\").  In connection with the Transaction, the Company plans to delist its common shares from the TSX Venture Exchange, change its name to Juva and subsequently list on the Canadian Securities Exchange.  On completion of the Transaction, the business of the Company will be the business of Juva.\nAdditionally, the Company has received an interim order from the Supreme Court of British Columbia in connection with its proposed spin out of assets to East West Oil and Gas Limited (the \"Spin-Out\"), as more particularly described in the News Releases, anticipated to complete prior to or concurrently with the Transaction. \nA meeting of shareholders to vote on the Transaction, the Spin-Out, and related matters will be held on March 15, 2019 at 10 AM at Suite 1500, 1055 West Georgia Street, Vancouver BC.  On February 15th the Company's information circular was mailed to shareholders.  Assuming shareholders approve the Transaction, closing is anticipated to occur on or about March 21st, 2019.\nOn completion of each of the Transaction and the Spin-Out, shareholders of the Company will hold common shares in the capital of Juva on a basis of 1 share of Juva for each 10 shares of the Company  and common shares in the spin out company East West Oil and Gas Limited in th...