Mining Business: Supatcha Buying Stake In Ukraine Property

December 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Supatcha Resources Inc. (SAEI – OTCBB) said that it has signed a definitive agreement to acquire a 50% vested title interest in Balka Skyrokaya gold property located in the Ukraine.

Under the deal, Supatcha will pay the owners of the property a total of US$2 million over four years. The company said it will also complete work on the property in the amount of $5 million over five years, with $500,000 being spent on the property in the first year of the agreement.

After earning the 50% interest, Supatcha can then acquire an 90% interest by making additional cash payments of $1.5 million over four years and completing additional work on the property in the amount of $3 million over four years.

Colorado-based Supatcha Resources is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha said it is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.

=========

Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information). Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [mnngmrls] [mrgrsacqstns] [ntrntnlcmpnsbsnss] [ftrdnwswnd] [ntrlrsrcxplrtn] [estrnblclbnr]