SOURCE: International Western Petroleum, Inc.

August 01, 2016 08:30 ET

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 Department
    International Western Petroleum, Inc.
    5525 N. McArthur Blvd, Suite 280
    Irving, TX 75038
    Tel: 855-809-6900
    Email: ir@iwpetroleum.com