The Board of KAT Exploration Inc. (OTCPK:KATX ) announced the spin-off of 87.55% stake in KAT Gold Holdings Corporation (OTCPK:BVIG) to the shareholders of KAT Exploration for $31.4 million on December 6, 2011. Under the terms of the spin-off transaction, KAT Exploration will distribute 261.47 million shares of KAT Gold Holdings on the record date which is set as December 21, 2011. The spin-off ratio will be one for three basis, i.e. each shareholder of Kat Exploration on the record date will receive one share of KAT Gold Holdings Corporation's common stock for every three shares of Kat Exploration that they hold. Pursuant to this transaction, KAT Exploration will hold approximately 34.52 million shares representing 11.56% stake in KAT Gold Holdings. Computershare acted as distribution agent and transfer agent for KAT Gold Holdings Corporation.

KAT Exploration Inc. (OTCPK:KATX ) completed the spin-off of 87.55% stake in KAT Gold Holdings Corporation (OTCPK:BVIG) for $175.2 million on March 4, 2013.