The PR...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. ...no mention of rule 144.This could be an oversight by KATX,but according the PR,its not under rule 144,so this could be any type of restriction that was agreed upon,between KATX and the financer.If you think about it,why would KATX agree to issue the 50 million shares,before receving the $5 million?That would be a very bad business decision.
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