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Stock Splits: GoldSpring Cleared For Share Reduction

June 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — GoldSpring, Inc. (OTCBB: GSPG) said that it has received approval from the Financial Industry Regulatory Authority clearing a reverse stock split previously approved by its stockholders and reported on May 10.

According to FINRA's approval, the reverse stock split will take effect on June 7.  The company's trading symbol will be changed from "GSPG" to "GSPGD" for around 20 business days, after which it will revert to GSPG.

Upon the effectiveness of the reverse stock split, there will be around 18.7 million shares of Goldspring issued and outstanding.  

Nevada-based GoldSpring is a North American precious metals mining company, focused in Nevada, with contiguous property in the Comstock Lode District. The Company began acquiring properties in the Comstock in 2003.  

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