Kat Exploration Secures up to $5 Million Funding With 50 Million Restricted Shares and Retires REG-D 504
January 15 2010 - 9:30AM
Marketwired
Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
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.
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
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