KAT Exploration Inc (KATX)

[TinkerBelle]

Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.

Definition of 'Holder Of Record'
The name of the person who is the registered owner of a security and who has the rights, benefits and responsibilities of ownership. The holder of record for a stock typically has shareholder voting rights and receives dividend payouts if there are any. The holder of record for a bond owns the bond and receives the principal and interest payments. When the owner sells the security, he or she ceases to be the holder of record.

Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.


FROM the S-1:

Kat Exploration presently owns 296,000,000 shares of our common stock and intends to distribute 261,474,694 of these shares (the “ Spin-Off Shares ”), or approximately 88% of our shares. As of the record date of December 21, 2011 (the “ Record Date ”), there were 298,644,500 shares of common stock of Kat Gold issued and outstanding. Holders of record of Kat Exploration at the close of business on the Record Date are entitled to receive the Spin-Off Shares on a pro rata basis. Consequently, stockholders of Kat Exploration on the Record Date will receive one share of our common stock for approximately every three shares of common stock of Kat Exploration that they held on the Record Date.

The S-1 only mentions the "date of record" that is what they are concerned with, to have a list of "Holders of Record".

This is what I have found. IMO :o) Anyone find anything different? Please post for discussion on the board. :o)