From Biochem's sticky post above "NEWS! UPDATED KATX DD AS OF June 29, 2010":
NOW, HOW ABOUT FINANCING?
Quote: -------------------------------------------------------------------------------- KAT Exploration has secured funding for up to $5 million. The funding contract GUARANTEES $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.
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 --------------------------------------------------------------------------------
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.
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