Annual report pursuant to Section 13 and 15(d)

Subsequent Events

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Subsequent Events
12 Months Ended
Aug. 31, 2013
Subsequent Events:  
Subsequent Event

6.

Subsequent Event

 

 

On September 30, 2013, Xpress Group, Ltd., a Hong Kong company (“Xpress”) purchased 5,500,000 shares (the “Shares”) of the Company’s common stock representing approximately 68.7% of its issued and outstanding common stock. The Shares were purchased from Yukon Industries, Inc. for $55,000.00 payable in cash at closing.

 

On September 30, 2013 the Company’s board of directors appointed Conn Flanigan as its Chief Executive Officer, Chief Financial Officer and a director to hold office until the next annual meeting of shareholders and until his successor is duly elected and qualified or until his resignation or removal. Following the appointment of Mr. Flanigan as an officer and director of the Company, Awais Khan resigned his positions as our Chief Executive Officer, Chief Financial Officer and Director effective as of October 1, 2013. Richard Lee also resigned his positions as Vice President and Director effective October 1, 2013. The resignations of Messrs. Khan and Lee was not a result of any disagreements relating to the Company’s operations, policies or practices.