SOURCE: ASPA Gold Corp.

April 29, 2011 11:05 ET

ASPA Gold Corp. Corporate Actions and Regulatory Filing

RANCHO MIRAGE, CA--(Marketwire - Apr 29, 2011) - ASPA Gold Corp. (OTCBB: RENS) confirms that The Board of Directors has resolved to reduce the Authorized Share Capital Company from its previous amount of 3,000,000,000 (Three billion) shares of Common Stock to an amount of 250,000,000 (Two hundred and fifty million) shares of Common Stock.

The appropriate filing was made with the Secretary of State in Nevada on April 6, 2011 and accepted by the Secretary of State. The reduction of Authorized Share Capital was approved by our directors and a majority of our shareholders.

The Authorized shares of Preferred Stock in the amount of 100,000,000 (One hundred million) remained unchanged. No shares of Preferred Stock have been issued by the Company.

The Company changed its Auditor effective April 28, 2011. The Company's Form 10-Q is late in filing and the Company currently has an "E" affixed to its trading symbol. The new Auditor to the Company is reviewing this Form 10-Q and the Company is confident that this filing will be made shortly and upon this timely filing, the trading symbol will then revert to RENS on the OTC BB.

A Form 8-K will be filed today in respect of this announcement.

The Company advised on March 28, 2011 and on April 6, 2011 that it was in very advanced negotiations to acquire several additional Gold Properties. At this time, the Company can confirm that is very close to consummating the acquisition of one additional Gold Property. The Company is now unlikely to acquire other additional Gold Properties at this time as Management would prefer to concentrate on the "Oatman" Gold Properties and on the additional Gold Property should that acquisition be consummated.

About ASPA Gold Corp.: ASPA Gold Corp. is an emerging U.S. based Gold Mining and Exploration Company focused on the development and production plan for its claims and mines situated on over 3,600 acres and compromising of 44 claims and 22 historic Gold Mines located in the historic Oatman mining district of northwest Arizona.

Forward-Looking Statements: The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While ASPA Gold Corp. believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than any of those indicated in the forward-looking information contained herein.

Contact Information

  • CONTACTS:
    ASPA GOLD CORP.
    Ronald Y. Lowenthal
    President
    Telephone: (760) 660-4804
    E Mail: Email Contact
    Twitter: www.twitter.com/aspagold

    Investor Relations Contact:
    Global Media and Corporate Relations
    David King
    Telephone: (407) 403-6670
    E Mail: Email Contact