Friday, September 03, 2010 11:13:13 PM
Why would KATX focus on KATG's Handcamp property?
How would KATX benefit from positive results on the Handcamp?
How will KATX fund all their exploration?
Quote:"KAT Exploration believes that because of the expected valuation that will come from its Handcamp and other high grade gold properties recently discovered that it would be better suited to position the properties within a higher market standard existing within a fully reporting OTCBB entity.
The new name for Bella Viaggio, Inc. will be "KAT Gold Holdings Corporation" that will be the parent company for all future OTCBB share distributions. The goal is to later merge (PINKSHEETS: KATX) into an OTCBB entity under KAT Gold Holdings Corporation as a wholly owned subsidiary on a 1 for 1 ratio basis."
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Distributes-1-4-OTCBB-Shares-BVIGOB-Provides-Update-on-Handcamp-1272825.htm
"...Our investor's relation department felt it would be advantageous to post a Flow Chart on our web site under 'Properties,' to clarify the present structure and the future direction of the company. President and CEO Ken Stead stated, "We are working hard to build shareholder value in both of our companies and is in a process of taking all our high grade copper and other IOCG properties under KAT Exploration to the next major stages of development."
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
So, KATX explores Handcamp, gets great results, and brings in MASSIVE money for BVIG/KATG, who in turn funds KATX (as their parent company) with huge sums of money in order to do a very large drill program on the Cabot property(Copper/Gold), the Rusty Ridge(IOCG) and exploration on other properties...which in turn brings in more money to BVIG/KATG...and more money to fund KATX (and so on)...and this would be in addition to the (up to)$5 million KATX secured in January 2010 (http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1184994.htm)
Clear as day. Timing is everything and they clearly have a strategy for benefiting both companies.
A WIN-WIN, FOR KATX AND BVIG/KATG
From Biochemist2002's UPDATED KATG & KATX DD AS OF September 1, 2010
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