GoldSpring Retains Moelis & Company as Exclusive Financial Advisor
Date : 11/17/2009 @ 9:15AM
Source : PR Newswire
Stock : (GSPG)
Quote : 0.01 -0.0001 (-0.99%) @ 10:50AM




GoldSpring Retains Moelis & Company as Exclusive Financial Advisor

GOLD HILL, Nev., Nov. 17 /PRNewswire-FirstCall/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that it has retained Moelis & Company to serve as the Company's exclusive financial advisor in connection with the evaluation and possible renegotiation of the Company's capital structure, the examination of various financing sources and the implementation of an investor relations awareness program.

"This strategic relationship will greatly benefit GoldSpring as we advance our plans to restart production and continue to drill and explore our landholdings at our Comstock Mine Project," stated Rob Faber, GoldSpring's Chief Financial Officer. "We are confident that Moelis's advisory and capital markets expertise and its history of success will enable us to finance our Comstock Mine Project on favorable terms."

Moelis & Company is a global investment bank that provides financial advisory services and capital raising solutions to clients in connection with mergers and acquisitions, restructurings and other strategic matters. The firm also manages investment funds that integrate capital with its advisory expertise. Moelis & Company serves a broad client base through its offices in New York, Boston, Chicago, London, Los Angeles and Sydney. For more information, please visit http://www.moelis.com/.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. In the Company's relatively short history, it secured permits, built an infrastructure and brought the Comstock Lode project into production. Since 2005, the Company has been acquiring additional properties around its Comstock Lode project in northern Nevada, expanding its footprint and creating opportunities for exploration and mining. A drilling program through early 2009 has produced encouraging results, and led to increased engineering and permitting activities with the goal of returning the mine to production. The Company's objectives are to resume mine production, optimize metallurgical and mine processes, increase reserves through exploration and acquisitions, and continue to expand its footprint in the Comstock.

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms on this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml

The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by GoldSpring) contains statements that are 'forward-looking,' as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, mining capability and potential contracts. Such forward-looking information involves important risks and uncertainties, which include the risk factors disclosed in our most recent filings with the U.S. Securities and Exchange Commission, that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of GoldSpring.

These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in GoldSpring's filings with the Securities and Exchange Commission. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' and 'would' or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Contact information for GoldSpring, Inc.: P.O. Box 1118 Virginia City, NV 89440 Tel 775.847.5272 Fax 775.847.4762 http://www.goldspring.us/

Robert T. Faber, President 480.603.5151 775.847.5272 E-mail:

For information on Moelis & Company, visit: http://www.moelis.com/

DATASOURCE: GoldSpring, Inc.

CONTACT: GoldSpring, Inc., +1-775-847-5272, fax, +1-775-847-4762, or

Robert T. Faber, President of GoldSpring, Inc., +1-480-603-5151,

+1-775-847-5272,

Web Site: http://www.goldspring.us/

http://www.moelis.com/