MOUNT PEARL, NL--(Marketwired - May 14, 2014) - KAT Exploration Inc. (OTC Pink: KATX) (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration would like to inform its shareholders and public of recent events of the company's plans for moving forward.
The company has undergone a restructuring period and is now poised to embark on an aggressive program of exploration for the remainder of 2014 by adding new exploration targets to it portfolio.
The company's most recent staking of 3706 acres is in a geological setting with the potential for sediment-hosted stratiform copper (SSC) deposits.
Ken Stead, CEO of KAT Exploration, states, "Despite the past and recent discoveries of impressive copper showings, this is a much underexplored area of the province that host great potential for significant copper discoveries. We are also in the process of examining new acquisitions we feel would bring real value to the company's growth."
Over the next few weeks, news will be made available to the public with regards to the exploration programs and results thereof. The company will continue to seek funding sources in order to support the exploration programs that will bring the projects to their full potential.
With less than 2(two) million shares in the float the company feels it is in a good position to raise the needed capital and move the company forward.
As a point of interest, from time to time claims staked in individual's names who are affiliates to the company are under agreements whereby the claims become that of the company.
The Board of Directors is pleased with recent events and hopes to make 2014 a successful year for the company.
About KAT Exploration Inc.
KAT Exploration Inc. is a mineral exploration company whose main objective is to locate and explore areas with minerals and precious metal deposits in the mining rich regions of Newfoundland and North America. We are focused on advancing our projects in order to build company and shareholder value by bring all projects to their full potential.
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.