CleanPath Resources Corp. Announces Filing of Certificate of Dissolution
Las Vegas, NV, May 19, 2014 ? CleanPath Resources Corp (OTC Markets: CLNP, the ?Company?) announced today that it filed its Certificate of Dissolution with the Nevada Secretary of State to be effective on May 30, 2014 at 5:00 PM. In accordance with FINRA Rule 6490 and SEC Rule 10b-17, today the Company submitted to FINRA its Issuer Company- Related Action Notification Form reporting its pending dissolution as well as a request to delete its trading symbol effective at the close of business on May 30, 2014. Subject to FINRA?s discretion, the Company believes that it is possible that the trading of the Company?s stock on OTC Markets may cease no later than the close of business on May 30, 2014.
Based upon the recommendation of the Board of Directors, a majority of the voting interests of holders of issued and outstanding common stock (the ?Shareholders?) provided their written consent in favor of the Company?s voluntary dissolution. The Company completed its winding-up of its business affairs, and declares that there are no remaining assets in which to make liquidating distributions to all shareholders. The Company shall commence the elective dissolution process pursuant to Nevada Revised Statutes 78.580. The Company is no longer represented by a stock transfer agent. Therefore, the Company?s transfer books no longer allow for the recording of transfers of its common stock.
The Company also announces that the Board of Directors accepted the resignation of its sole interim officer and director who took office on April 20, 2014. Further, the Shareholders accepted the resignation of the resident agent. These corporate actions are effective as of this day. The Board of Directors recommended that the Shareholders accept the resignation of such sole director in his capacity as a Trustee or as a Receiver under NRS 78.590(1) during the winding-up of the Company?s business affairs and at all times after such time. The Board of Directors believes that the Director did not perform any services as a Trustee or Receiver on behalf of the Company and its creditors and shareholders.
At the time the interim officer took office on April 20, 2014, there were no remaining assets of the Company in which he could administer and distribute to creditors or shareholders. The interim director denies providing any services as a Trustee or Receiver, and believes that he cannot be compelled to defend against any post-dissolution claims that were unknown until after the Company had completed its winding-up. See U.S. Const. amend. XIII; Canarelli v. Eighth Jud. Dist. Ct., 127 Nev. Adv. Op. 72 (November 11, 2011). Accordingly, the Shareholders accepted the representations made by the Board of Directors, and effective this day, accepted the interim Director?s resignation as a Trustee or Receiver.
About CleanPath Resources Corp.
As of April, 2014, CleanPath Resources had no assets and is considered to be a shell company as defined by Section 12b-2 of the Securities Exchange Act of 1934 and Rule 405 of the Securities Act of 1933. The Company has completed its winding-up of its business affairs and is in the process of completing its dissolution.
For Further Information please contact:
CleanPath Resources Corp
2620 Regatta Dr., Suite 102
Las Vegas, NV 89128
877-309-9876
Email: cleanpathinc@aol.com
