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Latest Supatcha Resources Stock News | OTC:SAEI | Benzinga

Supatcha Resources Inc is an exploration stage corporation engaged in the acquisition, and exploration of mineral properties.

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Pennystock Buzz On Supatcha Resources (SAEI)

SUPATCHA RESOURCES INC by Supatcha Resources, Inc.

Supatcha Resources Inc

Supatcha Resources

Supatcha Resources Inc. (OTCBB: SAEI) announces today that it has received a second unsolicited bid for 100% of the issued and outstanding shares of the Company at a price of $2.50. USD. The unsolicited bid was made by JSC Rustamov Group (JRG) of Moscow, Russia.

The legitimacy of this bid is currently being debated by some traders in the pennystock community.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Supatcha's Board of Directors will evaluate the unsolicited bid and will prepare and send a directors' circular to shareholders regarding the JRG offer in accordance with applicable securities rules on or before December 15, 2010. Shareholders are advised to take no action until the Board provides a formal response to the unsolicited bid.

JRG is an investment firm backed by the several prominent and wealthy Russian families, based in Moscow, Russia. In addition, the previously announced investor conference call for Monday, December 20, 2010 at 7:00 a.m. Eastern Time remains on schedule. The Company will be discussing its 2010 third quarter operations. 

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Latest Supatcha Resources Stock News | OTC:SAEI | Benzinga

Monday, December 13, 2010

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