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Saturday, November 10, 2012 11:22:51 PM
BVIG - Kat Gold Holdings Inc -
SHARE STRUCTURE:
Authorized Shares = 500,000,000 - Common Shares as of October 25, 2012
Authorized Shares = 5,000,000 - Preferred Shares as of October 25, 2012 (Of which 2,500,000 are Series A Preferred)
Outstanding shares = 464,477,833 - Common Shares as of October 25, 2012
Outstanding shares = 2,120,000 - Series A Preferred Shares October 25, 2012
General
The authorized capital stock of our company consists of 505,000,000 shares of capital stock, consisting of 500,000,000 shares of common stock and 5,000,000 shares of preferred stock, 2,500,000 of which have been designated Series A Preferred Stock. As of the date of this prospectus, there are 464,477,833 shares of our common stock and 2,120,000 shares of our Series A Preferred Stock issued and outstanding.
Series A Preferred Stock
The Series A Preferred Stock ranks equal to the common stock on liquidation and pays no dividend. Each share of Series A Preferred is convertible, at the option of the holder, into one (1) fully paid and non-assessable share of our common stock at any time from and after the date our net income exceeds $1,000,000.On any matter presented to our shareholders, each holder of outstanding shares of Series A Preferred shall be entitled to cast twenty five (25) votes for each share of Series A Preferred held by such holder as of the record date for determining shareholders entitled to vote on such matter. Except as provided by law or by other provisions of our articles of incorporation, holders of Series A Preferred shall vote together with holders of our common stock as a single class.
(From S-1A5 dated Oct 25,2012) DESCRIPTION OF SECURITIES pg. 62
Below pg. 53
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