DENVER, Aug. 24 /PRNewswire-FirstCall/ -- Supatcha
Resources Inc. (OTC Bulletin Board: SAEI) ("Supatcha" or the
"Company") today announced that it has completed a 5-for-1 stock
split effected in the form of a stock dividend. The record date for
the stock split was Wednesday, June 30,
2010, and shareholders of record on that date received four
additional shares of Supatcha common stock for every share
held.
Supatcha's transfer agent has mailed the new stock certificates
representing the additional shares on or about Wednesday, June 30, 2010. The market price for
Supatcha's common stock, as reported by OTCBB, reflected the stock
split beginning July 1, 2010.
Nikolae Yagodka, CFO stated, "The stock split was completed in
response to the increase in the market price for the Company's
stock throughout this quarter. We feel this structure change will
be beneficial to the Company going forward by increasing the
availability of shares to the market place to potentially broaden
our stockholder base as we expand our operations."
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.
http://www.supatcharesources.com
SOURCE Supatcha Resources Inc.
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