TORONTO, ONTARIO--(Marketwire - July 18, 2012) - Cathay Forest Products Corp. (the "Company") (TSX VENTURE:CFZ), by its court-appointed temporary receiver and manager, Duff & Phelps Canada Restructuring Inc. (the "Interim Manager"), announces the following resignations:
- Mr. Stephen Miller resigned as a director of the Company effective July 9, 2012.
- Mr. Honda Cheng resigned as a director of the Company effective July 11, 2012.
- Mr. Thomas Chan Man Hung resigned as a director and chairman of the Company effective July 11, 2012.
Following the resignation of these individuals, there are no remaining directors of the Company. A special meeting of shareholders will be held on July 30, 2012 for the purpose of electing new directors to fill these vacancies.