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SOURCE: KAT Exploration Inc.
Jan 19, 2010 09:15 ETKAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on the HorizonMOUNT PEARL, NL--(Marketwire - January 19, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com, along with its private group of investors who recently funded the company with up to $5 million for 50,000,000 restricted shares, has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. The Private Independent Consultants possess[color=red] a wealth of experience in the business arena throughout the world [/color[color=red]]"NOW THAT SMELLS LIKE VALE"[/color] and will bring an entire new level of professionalism and key relationships"BIG PLAYERS" to KAT Exploration as it moves forward.
We feel it to be in the best interest of our shareholders for KAT to seek a dual listing on a major exchange."BY BY PINKS" Along with a US listing, we will now proceed to meet the requirements of [color=red]gaining a listing on one of the largest Asian Stock Market Exchanges[/color]"TRY TO HOLD THAT DOWN NITE", later to be named. This too is being organized by our Private Independent Consultants[/b[color=red]]"VERY SAVY GROOP". [/color]
[color=red]Along with the new listing,[/color]"THERE IS MORE WOW" our Consultants will assist in increasing shareholder value by[color=red] diversifying [/color]"SOUNDS GOOD"and adding [color=red]"Carbon Credit"[/color]"CLEANING UP AFTER A MINE CLOSES IS ALSO A MINNING/CARON CREDIT BUSNESS" projects into [color=red]KAT's portfolio of assets[/color]"I DEFINATLY LIKE THE SOUND OF THAT". It is expected that these projects will generate [color=red]significant amounts of revenue [/color]"YEA ESPECIALLY IF YOU ARE A JV PARTNER WITH THE WORLDS SECOND LARGEST MINNING CO IN THE WORLD" to KAT's bottom line financials. A choice of Carbon Credit [color=red]projects in Brazil [/color]"GEEE I DO BELIVE VALE IS HEADQUARTED IN BRAZIL WHAT A COINISIDENCE" and Sierra Leone [/b[color=red]]"HEY IT TURNS OUT VALE HAS INTREST THEIRE TOO"[/color]are being considered at this time. KAT believes that adding a piece of carbon credit assets to its portfolio will greatly enhance shareholder value.
The New York Times released an article that explained how carbon trading is one of the "fastest-growing specialties in financial services" and how many companies are trying to figure out how to get "a slice of a market now worth about $30 billion and that could grow to $1 trillion within a decade." The article further states that "Carbon will be the world's biggest commodity market, and it could become the world's biggest market over all."
The World Bank manages over $2 billion dollars to purchase credits of greenhouse gas emission reductions from projects that are expected to be registered for the purposes of the Kyoto Protocol's Article 12 (Clean Development Mechanism) or Article 6 (Joint Implementation). As governed by the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol is an international agreement linked to the UNFCCC. The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.
Private consulting arrangements have been agreed upon which the company believes will greatly contribute towards the growth of the company to justify any current increase in its share structure to provide this array of mining and listing support while securing carbon credit assets. All of these actions are believed to greatly enhance shareholder value of which will be announced later. This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued. The company's final share structure will be updated on pinksheets.com very soon.
We would like to emphasize that while our Consultants will be concentrating on new projects, our mineral properties, especially Gold, will remain the center of our focus.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Cell: 709-690-2908
Fax: 709-368-9213
www.KATexploration.com
kstead@KATexploration.com Click here to see all recent news from this company >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Vale Inco restarts Sudbury smelter, schedules Voisey's Bay talksJan 20, 2010 ... Brazilian-owned Vale Inco has restarted partial production at its Copper Cliff ... African Minerals raises £80m for Sierra Leone iron-ore. ...
www.miningweekly.com/.../vale-inco-restarts-sudbury-smelter-schedules-voiseys-bay-talks-2010-01-20 - Cached -
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