Supatcha Resources Completes Letter of Intent to Acquire Barlevskoye and Vynohradiv Mines
March 30 2010 - 3:00PM
Marketwired
Supatcha Resources Inc. (OTCBB: SAEI) ("Supatcha" or the "Company")
announced today that it has completed the final letter of intent
agreement to acquire the Barlevskoye and Vynohradiv mines, a major
gold property in the Ukraine.
Commenting on the announcement, Steve Talley, President of
Supatcha Resources Inc., said, "We expect that this gold property
presents an excellent opportunity for our company to become a low
cost and highly profitable gold producer in the Ukraine. The
Barlevskoye and Vynohradiv mines are located in southwestern
Ukraine in a prolific area of mineralization. The mining title
covers an area of 11.6 km2.
About Supatcha Resources Inc. (OTCBB: SAEI)
Supatcha Resources Inc. is a gold exploration company focused on
acquiring and developing mining properties in the Ukraine. Supatcha
is in the final stages of acquiring two additional gold mining
projects in southwestern Ukraine with world-class potential.
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.
For further information please contact: Steve Talley Tel. (303)
552.0480 Fax. (303) 552.0481 Email: info@supatcharesources.com
http://www.supatcharesources.com
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