Penny Stock News: ASPA Gold Corp. Corporate Actions and Regulatory Filing

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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.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.marketwire.com/press-release/aspa-gold-corp-corporate-actions-and-regulatory-filing-otcbb-rens-1508140.htm