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.