KAT Exploration Inc (KATX)

[Biochemist2002]

On June 4, 2010, pursuant to a purchase agreement (the “ Agreement ”) dated as of May 28, 2010 by and between BVIG and Kat Exploration Inc., a company organized under the laws of Nevada (the “ KATX ”), BVIG acquired (the “ Acquisition ”) 100% of the mineral rights that KATX then held in and to “Handcamp,” a gold property located in the Province of Newfoundland and Labrador, Canada (the “ Property ”) from KATX in exchange for 161,000,000 (the “ Handcamp Shares ”) shares of its Common Stock. BVIG issued 65,000,000 Handcamp Shares to KATX on June 4, 2010; the remaining 96,000,000 Handcamp Shares were issued on September 14, 2010.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621865

P.S. Note the past tense, "ACQUIRED" 100% of the mineral rights