Supatcha Resources Analyzing Recent Market Activity
Dec. 6, 2010 (PR Newswire) --
DENVER, Dec. 6, 2010 /PRNewswire/ -- Supatcha Resources Inc. (OTC Bulletin Board: SAEI) ("Supatcha" or the "Company") announced today that it has no explanation for the recent volatility in the trading of the Company's shares. However, management is determined to find the cause of this unusual trading activity by every corporate and legal means available to the Company. Supatcha is committed to taking action immediately to ensure that there is a fair and open market for the trading of the Company's shares to protect the interests of current and future shareholders.
Additionally, Supatcha management has been informed that the release of its 43-101 report has been temporarily delayed due to the logistics of the property audit and sign-off protocols required. The Company expects the report to be available by the end of the week and highly anticipates the release of the property details to the public.
About Supatcha Resources Inc. (OTCBB: SAEI)
Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Supatcha Resources Inc.
Source: PR Newswire (December 6, 2010 - 2:22 AM EST)
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