KAT Exploration Inc (KATX)

[rubber duck]

I also would think financing would be coming at some point this year, now the big question is what will the terms be. I think the increase in the A/S was to accomodate whatever new financing may come if there is a private placement. One way or another they will raise funds by private placement or direct dilution into the O/S, that much I have been sure of. The big question is how will this new round of equity financing affect shareholders, the last round killed us. If it's a private placement, the shares will probably be financed at well under a penny at this point.