NEWS BVIG May 29th 2013:
KAT Gold Holdings Corp - Announces Letter of Intent
Ticker Symbol: U:BVIG
KAT Gold Holdings Corp - Announces Letter of Intent
PR Newswire
MOUNT PEARL, Newfoundland, May 29, 2013
MOUNT PEARL, Newfoundland, May 29, 2013 /PRNewswire/ -- KAT Gold Holdings Corp. (OTCQB: BVIG) www.katexploration.com
KAT Gold Holdings Corp is pleased to announce that it has signed a Letter of Intent with Business Consultant Paul Sweeney. Mr. Sweeney will join our Board of Directors to assist and advise the company of day to day operations as well as targeting certain assets of BVIG for exploitation to quickly bring in cash flow and investments. In addition, Mr. Sweeney will help the company identify and negotiate new assets and business opportunities for BVIG.
At present the board is working on prioritizing its portfolio of projects and other acquisitions to determine which projects warrant investments at this time.
Mr. Paul Sweeney is a business consultant from the Republic of Ireland, he has a successful background as an advisor and director of Energy and Exploration companies. His most recent directorship was with Cove Energy Limited, a London Exchange public company, where he held the position as "Company Director". His group purchased Cove Energy for 6m in 2006, and after serving as director of the company, it later sold in 2012 for 1.9 billion as the biggest oil deal in London in ten years.
Ken Stead, CEO, stated, "Mr. Sweeney is an excellent choice for Kat Gold Holdings. His past success, expertise, and investment banking resources will certainly enable (BVIG) Kat Gold Holdings to begin a growth phase through new assets as well as bringing the company the necessary funding to complete our existing operations. We were more than pleased to bring Mr. Sweeney in as a new director and board member. He will come along side our existing management to assist with operations in building the company."
Management would also like to note that the 10-K for 2012 is in progress to bring our filings up to date with SEC.
