MOUNT PEARL, NL--(Marketwire - Feb 11, 2013) - KAT Gold Holdings Corp. (OTCQB: BVIG) and Kat Exploration Inc. (OTC Pink: KATX) www.katexploration.com
KAT Gold Holdings Corp. / Kat Exploration Inc. are pleased to provide shareholders an update on the distribution by KATX of BVIG shares to its shareholders as of December 21, 2011.
In connection with the issuance we would like to inform you of: (a) The Registration Statement on Form S-1 (File No. 333-180734) was declared effective by the Securities and Exchange Commission (The Commission) under the Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations promulgated thereunder on December 6, 2012 (the "Registration Statement"), including the prospectus contained therein, and (b) the filing of a prospectus supplement with the Commission on January 16, 2013 (the "Prospectus Supplement") and delivered to each Recipient (or made available to each Recipient by the filing by the Company of an electronic version thereof with the Commission).
Ken Stead, President/CEO of KAT Gold Holdings Corp. & Kat Exploration Inc., stated: "It's been quite some time since we set out to generate the distribution of BVIG shares to KATX shareholders and pleased that we have now entered the final stage of the distribution process. Our Transfer Agent Computershare is working closely with us to complete the transaction in as short a time as possible." Shareholders and the public alike will be notified at the very moment of issuance.
This release includes forward-looking statements on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our anticipated gold production, our expected growth and our ability to compete within the African gold mining industry. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, a failure of our new mine to produce the anticipated quantity of gold, our failure to obtain the necessary funding to conduct our anticipated operations, our ability to successfully integrate the new management and other factors described in our report on Form 10-K and any other filings with the SEC. The information in this release is provided only as of the date of this release, with no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.