Jeremy Bosso Summer exploration on Rusty Ridge, Shaylee, and the Lucky properties. DD ON SUMMER WORK PROJECTS AGAIN UPDATED BY JERIMY BOSCO AKA BIOCHEM FANTASTIC WORK Email from the CEO:
Quote: -------------------------------------------------------------------------------- ...we have made a few new and unexpected discoveries on the RR [Rusty Ridge] during our last period of sampling so we will continue with a summer program of the same and spend some time on the Shaylee right next door.
Ken --------------------------------------------------------------------------------
I wonder what sort of work Rusty could be getting this summer?
Quote: -------------------------------------------------------------------------------- Kat Exploration Announces 'Rusty Ridge' (IOCG) Property Ready for Drilling
Quote: -------------------------------------------------------------------------------- MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling. DD ON SUMMER WORK PROJECTS AGAIN UPDATED BY JERIMY BOSCO AKA BIOCHEM FANTASTIC WORK http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1 --------------------------------------------------------------------------------
And this from the March 17, 2010 Press Release (Re: Lucky Properties):
Quote: -------------------------------------------------------------------------------- With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer. http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm -------------------------------------------------------------------------------- Friday at 12:28pm · Report
MOST RECENT SHARE STRUCTOR UPDATES .BY BIOCKEMEST..AKA Jeremy Bosso Regarding share structure changes, 504s, and the OTCBB shell: (((AGAIN FANTISTIC JOB!))) Quote: -------------------------------------------------------------------------------- January 19, 2010…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. http://www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1185446.htm --------------------------------------------------------------------------------
Quote: -------------------------------------------------------------------------------- ...Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.
Quote: -------------------------------------------------------------------------------- From: Ken Stead <kstead@katexploration.com> Subject: XXX To: XXX Date: Wednesday, March 31, 2010, 2:39 PM
XXX,
...All the 504 stock has been sold in to the market already and it was not to a single investor in the state of Wisconsin but to 12 over a period of 2-3 months. Our DTC sheets confirms there is no one holding any significant Kat stock at all.
Ken --------------------------------------------------------------------------------
If you're wondering why Ken would've purchased the shell:
Quote: -------------------------------------------------------------------------------- KAT Exploration believes that significant valuation will come from its Handcamp property and are exploring options for the company placing itself or selected properties on the Over the Counter Bulletin Board (OTCBB) market. The OTCBB market is a much respected market that will allow for KAT Exploration to be considered a more serious investment and gain broader coverage as the company believes it deserves. Shareholders can expect updates on this forward movement in the near future. http://www.marketwire.com/press-release/KAT-Exploration-Accepts-Drill-Contract-Tender-From-Cabo-Drilling-Drill-15-Holes-1200-1166277.htm --------------------------------------------------------------------------------
I have no reason to doubt that he purchased it for any other reason at this point.
Now, if we want to get into other share structure changes:
2,308,000 shares have been retired since January, 2010
Quote: -------------------------------------------------------------------------------- Kat Exploration Inc. would like to inform its investors that it has retired and eliminated 2,000,000,000 shares from its treasury of authorized shares which was originally 3,030,000,000 shares. The new amount of authorized shares is 1,030,000,000 shares. www.marketwire.com/press-release/Kat-Exploration-Retires-and-Eliminates-2-Billion-Shares-From-Treasury-1101927.htm --------------------------------------------------------------------------------
Quote: -------------------------------------------------------------------------------- KAT Exploration Inc...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. www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm --------------------------------------------------------------------------------
and more recently
Quote: -------------------------------------------------------------------------------- XXXXX, That is correct, we saw fit to remove approx.. another 8 MILLION shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead --------------------------------------------------------------------------------
Quote: -------------------------------------------------------------------------------- In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
Thought you guys would like a reminder of some of these points.
Enjoy!
-Biochemist2002
Friday at 12:18pm · Report.Jeremy Bosso Almost forgot...on the preferred A shares:
Quote: ------------------------------------------------------------------------------------- To convert 1 preferred A to common shares would have meant we have to increase the Authorized. We thought it better this way as you will find out.
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