February 08, 2012 -- Updated July 27, 2010 14:22 HKT
Ebeling Heffernan Strong Buy on Comstock Mining OTC:LODE
Comstock Mining Inc. (“Comstock” or the “Company”), formerly known as GoldSpring, Inc. (formerly OTCBB: GSPG) announced today that it has changed its name from GoldSpring, Inc. to Comstock Mining Inc. Comstock’s common stock, $0.000666 par value, will continue to trade on the OTC Bulletin Board under the new ticker symbol “LODE.”
The Company has received all required approvals from the Financial Industry Regulatory Authority (“FINRA”) for this corporate action and the name change and the new ticker symbol will become effective with the opening of the market on Wednesday, July 21, 2010.
Comstock Mining Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District.
The Company began acquiring properties in the Comstock in 2003. Since then, the Company has consolidated a significant portion of the Comstock Lode District, amassed the single largest known repository of historical and current geological data on the Comstock Lode region, secured permits, built an infrastructure and brought the exploration project into test mining production.
We continue acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. The goal of our strategic plan is to deliver stockholder value by validating qualified resources (at least measured and indicated) and reserves (probable and proven) of 3,250,000 gold equivalent ounces by 2013, and commencing commercial mining and processing operations by early 2011, with annual production rates of 20,000 gold equivalent ounces.
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