KAT Exploration Inc (KATX)

[Biochemist2002]

The 50 million shares the financiers received in exchange for up to $5 million, should be coming off "restriction" about now (assuming they had a 1 year restriction). If they're not unrestricted yet, they will be within weeks. The financing was announced January 15, 2010, but we don't know exactly when the deal was signed and closed. Not sure if this was the 50 million shares you guys were talking about.

Jan 15, 2010
Kat Exploration Secures up to $5 Million Funding With 50 Million Restricted Shares and Retires REG-D 504
MOUNT PEARL, NL--(Marketwire - January 15, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com

KAT Exploration has secured funding for up to $5 million. The funding contract guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.

Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1184994.htm