May 6, 2016
SEC CRMD CASE NO. 16-895
IN THE MATTER OF CLAVER MINERAL DEVELOPMENT CORPORATION SEC Reg. No. ASO95-001246, petitioner.
FOR : Petition for Revocation of the Certificate of Approval of Increase of Capital Stock and Certificate of Filing of Amended Articles of Incorporation
ORDER
This refers to the Complaint Affidavit and Supplemental Complaint Affidavit filed by Mr. Ireneo L. Cezar, alleged stockholder and officer of CLAVER MINERAL DEVELOPMENT CORPORATION (CMDC) dated 01 February 2016 and 08 February 2016, respectively, praying for the cancellation of the following: (a) Certificate of Approval of Increase of Capital Stock approved on 23 December 2014; (b) Certificate of Filing of Amended Articles of Incorporation [amending Articles III and VII thereof] approved on 23 December 2014; (c) Certificate of Approval of Increase of Capital Stock approved on 02 October 2015; and (d) Certificate of Filing of Amended Articles of Incorporation [amending Article VII thereof] approved on 02 October 2015.
The subject corporation is a domestic corporation duly registered with the Commission on 10 February 1995 under Company Registration No. ASO95-001246, with principal office address...