KAT Exploration Inc (KATX)

[nachzala]

I am the general Counsel of a public company that was created by a distribution of stock from another public company. I believe that there is no tax effect from the KATX distribution because shareholders already own the property. This is a distribution., not a dividend. It is in effect a return of your own capital. Read the press release.The word used is distribution, not dividend.
The distribution will be by virtue of an Form 10 filed with the SEC. An opinion of a Tax Attorney will be included. You should read it carefully and seek your own professional advice.