June 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — The board of Geneva Resources, Inc. (OTCBB: GVRS) has authorized and approved a reverse stock split of one for every four of the firm’s total issued and outstanding shares of common stock.

The company said that reverse split was effectuated based on market conditions and upon a determination by Geneva's board that the move was in Geneva's best interests and those of its shareholders. The first day of trading on a consolidated basis was 21.

The total number of issued and outstanding shares of common stock of Geneva prior to the reverse split was 104,743,062. The total number of issued and outstanding shares of common stock of Geneva after the Reverse Stock Split will be 26,185,766.

Geneva's trading symbol on the Over-the-Counter Bulletin Board has changed to "GVRS".

Nevada-based Geneva Resources, Inc. is a mineral exploration company focusing on precious metals.

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