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Saturday, June 16, 2012 9:39:45 AM
Kat Exploration is effectuating the Spin-Off pursuant to the terms of the resolutions adopted by its board of directors on December 6, 2011. 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.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8545356
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