MOUNT PEARL, Newfoundland, May 29, 2013 /PRNewswire/ -- KAT Gold Holdings Corp. (OTCQB: BVIG) www.katexploration.com
KAT Gold Holdings Corp is pleased to announce that it has signed a Letter of Intent with Business Consultant Paul Sweeney. Mr. Sweeney will join our Board of Directors to assist and advise the company of day to day operations as well as targeting certain assets of BVIG for exploitation to quickly bring in cash flow and investments. In addition, Mr. Sweeney will help the company identify and negotiate new assets and business opportunities for BVIG.
At present the board is working on prioritizing its portfolio of projects and other acquisitions to determine which projects warrant investments at this time.
Mr. Paul Sweeney is a business consultant from the Republic of Ireland, he has a successful background as an advisor and director of Energy and Exploration companies. His most recent directorship was with Cove Energy Limited, a London Exchange public company, where he held the position as "Company Director". His group purchased Cove Energy for 6m in 2006, and after serving as director of the company, it later sold in 2012 for 1.9 billion as the biggest oil deal in London in ten years.
Ken Stead, CEO, stated, "Mr. Sweeney is an excellent choice for Kat Gold Holdings. His past success, expertise, and investment banking resources will certainly enable (BVIG) Kat Gold Holdings to begin a growth phase through new assets as well as bringing the company the necessary funding to complete our existing operations. We were more than pleased to bring Mr. Sweeney in as a new director and board member. He will come along side our existing management to assist with operations in building the company."
Management would also like to note that the 10-K for 2012 is in progress to bring our filings up to date with SEC.
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.
Ken Stead President & CEO KAT Gold Holdings Corp.(BVIG) [email protected]
SOURCE KAT Gold Holdings Corp.
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