KATX announced today that they have secured funding for up to $5 million. A guarantee of $1 million over the next 6 months and the lingering $4 million to be delivered, upon agreements within the contract being achieved over the course of the following 6 months of no specific date.
This funding offers operational support for Kat for at least the next 5 years.
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KAT Exploration, Inc., formerly Western Transaction, Inc. is an exploration company based in Mount Pearl Newfoundland. The Company explores gold, copper and silver. The Company focuses on copper, as well as gold properties in and around the central area of the province. The Company’s properties include Colliers Property, Rusty Ridge Property, Handcamp Gold Property, Shaylee, and South Lucky Copper. Handcamp Gold Property consists of 17 claims, which is located approximately 33 kilometers north of Badger, central Newfoundland, and 10 kilometers northeast of the old abandoned Gullbridge copper mine. The Company owns 60 claim block surrounding the main Handcamp gold property.
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