Supatcha Files 10Q Report to Change Reporting Status to Current
DENVER, Nov. 12, 2010 /PRNewswire/ -- Supatcha Resources Inc. (OTCBB:SAEI - News) ("Supatcha" or the "Company") is pleased to announce that it has received notification from the Securities and Exchange Commission accepting our most recent 10-Q report. FINRA/OTCBB is expected to restore our symbol to SAEI before the market open on Monday, November 15, 2010 to reflect our current reporting status, as verified by the following link showing our symbol's inclusion on the OTCBB's Daily List:
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=SAEIE&OTCBB=OTCBB
The "E" had previously been added to Supatcha's symbol due to complexity in the transfer of records from its recently acquired Maiskoe Gold Mine property in Odessa Oblast, Savaransky District, Southern Ukraine announced September 29, 2010, thus delaying the 2010 Q2 Report filing on Form 10-Q. The "E" designation was an indication reflecting the late filing of this required report and did not effect the operations of the Company.
"This change in our symbol was only temporary and has changed nothing regarding our day-to-day operations or activities," says Nikolae Yagodka, CFO and Director of Supatcha." However, now that the "E" has been removed, we can keep all of our investors and potential investors current on our progress much more effectively."
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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