Supatcha Resources Inc. (SAEI)

[Mr. Zen]

Prokhorov denies involvement in Supatcha Resources 14.12.2010 15:13
MOSCOW, Dec. 14. Itar-Tass. Group President ONEXIM Mikhail Prokhorov categorically denied involvement in the company Supatcha Resources Inc, which owns gold deposits in the Ukraine ..
Press release Supatcha Resources Inc, claiming that Prokhorov took the initiative to buy back its shares - is untrue, the statement says Prokhorov.
Earlier, U.S. company reported that OXM Group, controlled by Mikhail Prokhorov, plans to acquire 100 percent of its shares.
The total purchase price amounts to 106.8 million dollars, as OXM Group offered to buy all the shares Supatcha to 1.75 dollars per unit. Number of shares issued Supatcha Resources Inc is 61 million units.
As previously reported by Itar-Tass, in September 2010 Supatcha Resources announced the purchase of 98 percent Ukrainian gold mine in the May Savranskaya district of Odessa region in Ukraine. The Company intends in 2011 to invest in the May to $ 2.8 million
In April 2010, Supatcha announced purchase of 90 percent Poltavas Capital Management Ltd / British Virgin Islands /, which has permission to work at the Ministry of Natural Resources and Barlevskom Vynohradiv gold deposits.
Supatcha Resources Inc is registered in the Denver / USA /, engaged in the exploration of gold, buys and develops assets in Ukraine.
Largest shareholders is Supatcha
tsya Massey Asset Management Ltd / 20,5 cent /, Anthera West Capital Inc / 4,5 percent / Management, and the company / 8.2 pct.
Itar-Tass