International Western Petroleum Completes Application With
Nasdaq for Uplisting to Further Its Growth Plan
IRVING, TX-(Marketwired - Aug 1, 2016) - International Western
Petroleum, Inc. (OTCQB: INWP), a Texas-based E&P company
specializing in the acquisition, development, and exploration of
crude oil and natural gas properties, announced today that it has
completed its application to uplist to NASDAQ Capital Markets.
As per approval from our Board of Directors, International
Western Petroleum has deposited a fee and filed an application to
uplist the Company to the NASDAQ Capital Markets. INWP is working
diligently toward meeting the Equity Standard requirements for the
uplisting to increase capital accessibility, liquidity, and
visibility.
"INWP management believes that we are ready to take on the new
challenge and responsibility of moving up to a very reputable
national exchange where we will fully utilize NASDAQ's visibility
assets and global network to transform intelligence into action
through NASDAQ Corporate Solutions. We look forward to becoming a
trading member of the NASDAQ exchange in the near future after
having achieved additional corporate milestones. A move to NASDAQ
will increase our company's investor recognition, visibility, and
value", stated INWP chairman Dr. Benjamin Tran.
"We believe that NASDAQ has more listed companies and trades
more volume than many other US exchanges. As we are preparing our
entry to the NASDAQ Capital Markets, our management team is
actively looking to comply with new corporate governance, asset,
and shareholder requirements amongst other standard uplisting
requirements. We are also actively looking at several lucrative
acquisition deals in order to generate additional income, tangible
assets, and hydrocarbon reserves for INWP while searching for
additional qualified board members who can bring significant values
to our continual growth", commented CEO Ross Ramsey.
About International Western Petroleum, Inc.
International Western Petroleum is a Texas-based E&P company
that focuses on the acquisition, development, and exploration of
crude oil and natural gas properties in Texas. The company is
actively looking to acquire oil and gas properties and apply the
latest technologies and production techniques to increase acreage,
productions, and reserves with a focus in the Central West Texas
region. For more information, please visit its corporate website:
www.iwpetroleum.com
About NASDAQ, Inc.
Nasdaq, Inc. provides trading, clearing, exchange technology,
regulatory, securities listing, information, and public company
services worldwide. It operates in four segments: Market Services,
Listing Services, Information Services, and Technology Solutions.
The Market Services segment offers equity derivative trading and
clearing; cash equity trading; fixed income, currency, and
commodities trading and clearing; along with access and broker
services. This segment operates various exchanges and other
marketplace facilities across various asset classes including:
derivatives, commodities, cash equity, debt, structured products,
and exchange traded products. The Market Services segment also
provides clearing, settlement, and central depository services, as
well as offers transaction-based platforms. The Listing Services
segment operates various listing platforms, which offer capital
raising solutions for private and public companies. Its primary
listing markets include the NASDAQ Stock Market, the Nasdaq Nordic,
and Nasdaq Baltic exchanges. The Information Services segment sells
and distributes historical and real-time quote and trade
information to market participants and data distributors. It also
develops and licenses Nasdaq branded indexes, associated
derivatives, and financial products, as well as provides custom
calculation services for third-party clients. The Technology
Solutions segment offers corporate solutions in investor relations,
public relations, multimedia solutions, and governance solutions.
It also provides technology solutions for trading, clearing,
settlement, surveillance, and information dissemination; facility
management and systems integration, and advisory services; and
broker services, as well as enterprise governance, risk management,
and compliance software and services. The company was formerly
known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq,
Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is
headquartered in New York, New York. For more info, please visit
www.nasdaq.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements as
defined within Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements relate to future events, including our
ability to raise capital, or to our future financial performance,
and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. You
should not place undue reliance on forward-looking statements since
they involve known and unknown risks, uncertainties and other
factors which are, in some cases, beyond our control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking
statement reflects our current views with respect to future events
and is subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations,
growth strategy and liquidity. We assume no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future. For a discussion
of these risks and uncertainties, please see our filings with the
Securities and Exchange Commission.
Our public filings with the SEC are available from commercial
document retrieval services and at the website maintained by the
SEC at http://www.sec.gov.
Contact Information
Contact:Investor Relations DepartmentInternational Western
Petroleum, Inc.5525 N. McArthur Blvd, Suite 280Irving, TX 75038Tel:
855-809-6900Email: ir@iwpetroleum.com
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