Vancouver Sun Story on Dylan's ResignationLOCAL BUSINESS Son of David Sidoo, B.C. businessman tied up in college admissions scandal, also resigns from board Dylan Sidoo's departure from East West Petroleum comes after his father David Sidoo stepped down as CEO last month POSTMEDIA NEWS Updated: April 4, 2019 Dylan Sidoo, pictured in 2017. SHARE ADJUST COMMENT PRINT The son of Vancouver businessman David Sidoo who is currently implicated in a U.S. college admissions scandal has resigned from the board of his fathers B.C.-based company. Meanwhile, a planned acquisition deal that had landed the company in default with securities authorities has been pulled. Dylan Sidoos departure from East West Petroleum comes after his father David Sidoo stepped down as CEO last month. The younger Sidoo will be replaced by Mark Brown, according to a press release issued by the company on Wednesday. Brown is president of the Vancouver-based Pacific Opportunity Capital Ltd. and has worked with several private and public companies, many of which are listed on the Toronto and New York stock exchanges. His areas of expertise are merger and acquisitions, financing and corporate planning and development. A second news release shared by the company the same day said its deal to acquire California-based cannabis company Juva Life Inc. had also been terminated by mutual understanding. STORY CONTINUES BELOW TRENDING IN CANADA Murder victim's brother pleads for help | Vancouver Sun Full statement from Peter Ladner, who is appealing for anyone with This advertisement has not loaded yet, but your article continues below. The company will now complete steps to have it removed from the B.C. Securities Commission Issuers in default list and will seek to have trading in its common shares on the TSX venture exchange reinstated, read the statement. The company had halted the trading of its stock since last year, in anticipation of the Juva deal. RELATED David Sidoos B.C.-based company in default with Securities Commission The senior Sidoo, a prominent businessman, philanthropist and former CFL player, currently faces a felony charge following allegations he paid $200,000 to have someone take the U.S. SAT college entrance exams on behalf of his sons Dylan and Jordan in 2011 and 2012. David Sidoo is also alleged to have paid an undisclosed amount to have someone write a high school exam for his son Dylan. Dylan Sidoo is described in company documents as a graduate of the University of Southern California and the founder of a film company. He was named to the East West Petroleum board in December 2016, the same year he graduated from USCs cinematic arts program. He had been receiving a monthly stipend of $2,500 a month for his work on the board. David Sidoo, of Vancouver, leaves following his federal court hearing Friday, March 15, 2019, in Boston. Sidoo pleaded not guilty to charges as part of a wide-ranging college admissions bribery scandal. Some East West Petroleum shareholders had expressed disapproval to Postmedia News about Dylan Sidoos appointment to the board, citing what they saw as nepotism and lack of relevant experience. The deal to acquire Juva was not likely to be successful, East Wests chief financial officer Nick DeMare had said in an earlier interview. He maintained the challenges facing the Juva deal had nothing to do with the allegations against David Sidoo.