Supatcha Resources Inc. (SAEI)

[bbking2003]

The Securities and Exchange Commission on Friday suspended trading in the shares of Denver-based gold-mining firm Supatcha Resources.

The SEC said trading in the stock is suspended through Dec. 31 and will resume only if Supatcha meets certain regulatory requirements.

The SEC said in a statement that the suspension order was issued "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company's mining prospects in Ukraine and a purported tender offer for the company's outstanding shares."

Supatcha said in a news release earlier this week that it had received two unsolicited bids from Russian buyers to purchase the company's outstanding shares. Supatcha's stock price briefly soared after the announcement.

But one of the purported buyers, Moscow-based Onexim Group, flatly denied that it had made an offer.

Onexim, controlled by billionaire investor Mikhail Prokhorov, said in a statement that it "categorically denies any involvement with Supatcha Resources Inc.http://m.denverpost.com/denverpost/db_10778/contentdetail.htm?contentguid=aklS2ZKR&storycount=106&detailindex=0&pn=1&ps=10