Supatcha Resources Acquires Major Ukrainian Gold Properties

Supatcha Resources Inc. (OTCBB: SAEI) reported that the company has signed a definitive agreement to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in Southwestern Ukraine from arm’s length third parties.

The press release is quoted as saying:

Supatcha will pay $7,500,000 and will issue 500,000 common shares, in consideration for 90% of the issued and outstanding shares of Poltavas Capital Management Ltd., a BVI Company, which on closing will own all of the outstanding shares of Zolotivorota (“Golden Gate”), a Ukraine company which holds the rights to the properties by way of two Special Permissions issued by the Ministry of Environmental Protection.

Click here to access the entire press release

Click here to access Supatcha Resources Corporate Site