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KAT EXPLORATION, INC.

CIK: 14745582 Annual ReportsLatest: 2025-04-30

10-K / April 30, 2025

Revenue:N/A
Income:-$179,537

10-K / June 20, 2024

Revenue:N/A
Income:-$56,330

10-K / April 30, 2025

Summary of KAT Exploration, Inc.

Company Overview:

  • Name: KAT Exploration, Inc. (OTC ticker: KATX)
  • Incorporation Date: July 7, 1992 (Nevada)
  • Headquarters: 323 Sunny Isles Blvd, Suite 745, Sunny Isles, FL
  • Authorized Shares: 2,450,000,000 common shares (par value: 0.001)
  • Outstanding Shares (as of April 9, 2025): 1,834,271,048 shares
  • Business Type: Shell company engaged in search for business opportunities such as mergers, acquisitions, reverse mergers, or other financial transactions with operating businesses.

Operations & Business Activities

  • Current Business Focus:

    • Primarily engaged in seeking merger, acquisition, or business combination opportunities with operating businesses.
    • Has had limited operations since November 30, 2015, and is classified as a "shell company."
    • As of June 2021, entered into a joint venture with GS Mining Company LLC to develop, market, and operate a gold mining and milling company in Colorado.
    • The joint venture involves developing and upgrading mines and facilities with a commitment of $3.5 million in funding.
  • Nature of Business:

    • Not engaged in significant operational activities or revenue-generating activities currently.
    • Operations are centered around locating suitable transactions and preparing for business combinations.

Employees & Management

  • Employees:
    • Currently has one employee: Gregory Klok, who serves as President, CEO, and CFO.
  • Consultants & Advisors:
    • Management expects to use consultants, attorneys, and accountants as needed, with no additional full-time employees anticipated unless a transaction is completed.

Revenue & Income

  • Revenue (2024 & 2023):
    • $0 (no operating revenue reported for both years).
  • Net Income / (Loss):
    • 2024: $(179,537)
    • 2023: $(56,330)
  • Operating Expenses:
    • 2024: $179,537 (primarily consulting and accounting expenses).
    • 2023: $56,330.

Financial & Market Data

  • Market Capitalization (as of August 31, 2024):
    • Approximate value of $183,427 based on stock price and shares held by non-affiliates.
  • Stock Performance (High/Low per quarter):
    • As of November 30, 2024: High $0.00029, Low $0.0002.
  • Major Shareholders:
    • Gregory Klok owns 1,000 shares of Series A Preferred Stock, giving him voting rights equivalent to 66% of the company's common stock voting power.

Key Highlights

  • The company is in an early stage, with no current operations producing revenue.
  • It is actively seeking business opportunities, primarily in the mining sector, particularly gold mining through its joint venture in Colorado.
  • Its financial position is characterized by operating losses, an increased stockholders' deficit (approximately $193,055 at November 30, 2024), and minimal cash on hand ($522 as of November 30, 2024).
  • The company has not paid dividends and has not repurchased any shares in recent years.