KAT Exploration, Inc. Updates on 1 to 4 OTCBB Shares Distribution of BVIG.OB
23 Agosto 2010 - 9:43PM
Marketwired
KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration, Inc. (PINKSHEETS: KATX) ("KATX") provides the
foregoing update of its ongoing progress to complete the
distribution of 1 share in Bella Viaggio Inc. (OTCBB: BVIG)
("BVIG") for every 4 shares of KATX held on July 16, 2010.
KATX and BVIG have a responsibility to ensure that all FINRA and
SEC regulations are followed to complete the aforesaid
distribution. Strict compliance with the regulations is essential
to ensure that the said companies are not subject to FINRA and SEC
sanctions and to ensure shareholders of KATX and BVIG will have no
restrictions on their shares.
KATX and BVIG have been working to complete the regulatory
requirements to have the said BVIG stock free trading upon issue.
Originally there was to be a 6 month hold period for those
receiving the BVIG shares. However, the said companies have decided
it is in the best interest of the shareholders to file the
additional required documentation to make the said shares free
trading and eliminate the hold period.
Shareholders will be notified when the distribution filing is
completed and approved by all regulatory institutions.
We are also very pleased to announce that investors will be
updated on the Handcamp first phase drill results in the very near
future.
Jack Zwicker Kat Exploration Inc. Investor Relations Ph
902-497-3188 jzwicker@katexploration.com www.katexploration.com
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