News Alert: Supatcha Resources -- September 30, 2010
September 30 2010 - 8:35AM
Marketwired
Day Trader News Alerts' watch list includes: Supatcha Resources
Inc. (OTCBB: SAEI), Transocean Ltd. (NYSE: RIG), Noble Corporation
(NYSE: NE) and Occidental Petroleum Corporation (NYSE: OXY).
New released yesterday: Supatcha Resources Inc. (OTCBB: SAEI)
announced it has signed a definitive agreement to acquire a 98%
interest in the Maiskoe Gold licenses in Odessa Oblast, Savaransky
District, Southern Ukraine.
Supatcha will pay the owners of the property a total of
US$3,500,000 and will own 98% of the mine (including all of the
capital equipment) and the mineral concessions. Supatcha has also
agreed to invest a further US$2,800,000 in expanding the current
operation over the next year. Prior to the acquisition, the Company
already had several preliminary funding commitments based on the
strong merits and history of the concessions.
The property was explored previously by a number of companies
and previous drilling indicated geology finds that are favorable
for a potential large Gold deposit. The initial drilling done in
1999 indicated gold mineralization in a number of drill holes.
Further in 2001, a magnetic/electromagnetic geophysical airborne
survey was also conducted over the property and identified several
major mineralization areas of interest. Supatcha management has
carefully procured significant relationships in the property area,
over the last several years, to bring the necessary parties
together to successfully continue the development of this high
potential gold property and facility. Additionally, the property
development plan completed on the Maiskoe as part of the due
diligence process has recommended that a drill program for a total
of 2000 meters be undertaken. Supatcha has committed to complete
the recommended drill program and is currently in discussions to
confirm equipment mobilization and drilling dates.
About the company: 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.
Transocean Ltd. (NYSE: RIG) up 3% on 8.3 million shares traded.
Transocean Ltd. is the world's largest offshore drilling contractor
and the leading provider of drilling management services
worldwide.
Noble Corporation (NYSE: NE) up 3.8% on 6 million shares traded.
Noble is a leading offshore drilling contractor for the oil and gas
industry.
Occidental Petroleum Corporation (NYSE: OXY) up 1.4% on 5.7
million shares traded. Occidental Petroleum Corporation is an
international oil and gas exploration and production company with
operations in the United States, Middle East/North Africa and Latin
America regions.
Sign up today to receive our Free Day Trader News Alerts. Please
visit us at www.DayTraderNewsAlerts.com
Day Trader News Alerts, a division of Stock Market Alerts LLC.
(SMA), is an advertising company who disseminates electronic
information to subscribers through its network of affiliated
companies and/or partners. SMA is not a registered broker/dealer
and may not sell, offer to sell or offer to buy any security. SMA
profiles are not a solicitation or recommendation to buy, sell or
hold securities. An offer to buy or sell can be made only with
accompanying disclosure documents from the company offering or
selling securities and only in the states and provinces for which
they are approved. The material in this release is intended to be
strictly informational. The companies that are discussed in this
release may or may not have approved the statements made in this
release and may or may not have approved the timing of this
release. All statements and expressions are the sole opinion of SMA
and are subject to change without notice. Information in this
release is derived from a variety of sources that may or may not
include the referenced company's publicly disseminated information,
information supplied by third parties or SMA's own research. The
accuracy or completeness of the information is not warranted and is
only as reliable as the sources from which it was obtained. While
this information is believed to be reliable, such reliability
cannot be guaranteed. SMA disclaims any and all liability as to the
completeness or accuracy of the information contained and any
omissions of material fact in this release. The release may contain
technical inaccuracies or typographical errors. It is strongly
recommended that any purchase or sale decision be discussed with a
financial adviser, or a broker-dealer, or a member of any financial
regulatory bodies. Investment in the securities of the companies
discussed in this release is highly speculative and carries a high
degree of risk. SMA is not liable for any investment decisions by
its readers or subscribers. Investors are cautioned that they may
lose all or a portion of their investment if they make a purchase
in SMA profiled stocks.
This profile is not without bias, and is a paid promotional
release. To comply with Section 17(b) of the Securities Act of
1933, SMA is disclosing that the company has been compensated for
dissemination of this information on behalf of one or more of the
companies mentioned in this release. For current services performed
for Supatcha Resources Inc. (OTCBB: SAEI), SMA has been compensated
Twenty Thousand Dollars by third party, SNV Industries Inc., who is
non-affiliated and may hold a significant position in the stock.
SMA holds no shares of the stock. SMA may receive compensation for
future services. Any additional compensation will be disclosed at
such time that SMA is aware of a client's desire to extend the
original services. SMA may have received shares of a company
profiled in this release prior to the dissemination of the
information in this release. In the event of any receipt of such
shares, full disclosure would be shown above. SMA may immediately
sell some or any shares in a profiled company held by SMA and may
have previously sold shares in a profiled company held by SMA.
SMA's services for a company may cause the company's stock price to
increase, in which event SMA would make a profit when it sells its
stock in a company. In addition, SMA's selling of a company's stock
may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and SMA undertakes no
obligation to update such statements.
NYSE:NE OTCBB:SAEI NYSE:RIG NYSE:OXY
Supatcha Resources (CE) (USOTC:SAEI)
Historical Stock Chart
From Nov 2024 to Dec 2024
Supatcha Resources (CE) (USOTC:SAEI)
Historical Stock Chart
From Dec 2023 to Dec 2024