Replies to post #98417 on KAT Exploration Inc (KATX)

[Rick-UK]

Hi Eddie, so far as I am aware Ken has not given a detailed or specific reason for leaving Cornerstone, but my understanding is that the departure was amicable and that Ken and Tim had ambitions to branch out on their own and left Cornerstone to form KAT Exploration. Have you read Ken's interview on CEO/CFO Interviews? If not it's worth reading. Here is a link to it and I have quoted the relevant part...

Ken Stead, President and CEO

Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.

In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past eleven years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment along with gold and will continue to make this one of the company’s priorities.

http://www.ceocfointerviews.com/interviews/KATX-KATExploration.htm