- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * WIGET ALOIS NIKLAUS	2. Issuer Name and Ticker or Trading Symbol GOLDSANDS DEVELOPMENT CO [ GSDC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner _____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle) KEMBERGSTRASSE 25	3. Date of Earliest Transaction (MM/DD/YYYY) 3/18/2011
(Street) CHAM, V8 CH-6330 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								205000	D
Common Stock								350000	I	By Vittoria Finance Limited
Common Stock								164500	I	By Witrag Management Consultants SA

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant	$0.10							1/20/2011	8/20/2011	Common Stock	205000   (1)		205000	D
Warrant	$0.10							1/20/2011	8/20/2011	Common Stock	350000   (2)		350000	I	By Vittoria Finance Limited
Warrant	$0.10							1/20/2011	8/20/2011	Common Stock	164500   (3)		164500	I	By Witrag Management Consultants SA
Option to Buy	$1.05	3/18/2011		D			100000	5/10/2009	11/10/2018	Common Stock	100000	(4)	0	D
Option to Buy	$0.70	3/18/2011		D			100000	11/20/2009	5/20/2019	Common Stock	100000	(4)	0	D
Option to Buy	$1.10	3/18/2011		D			600000	7/22/2010	1/22/2020	Common Stock	600000	(4)	0	D

Explanation of Responses:
( 1)	205,000 Units were issued to the Reporting Person in exchange for the conversion and extinguishing of $20,500 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, par value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share.
( 2)	350,000 Units were issued to the Vittoria Finance Limited in exchange for the conversion and extinguishing of $35,000 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, par value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share. The Reporting Person is the beneficial owner of securities held by Vittoria Finance Limited.
( 3)	164,500 Units were issued to the Witrag Management Consultants SA in exchange for the conversion and extinguishing of $16,450 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, par value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share. The Reporting Person is the beneficial owner of securities held by Witrag Management Consultants SA.
( 4)	The option was cancelled by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $1 as consideration for the cancellation.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WIGET ALOIS NIKLAUS KEMBERGSTRASSE 25 CHAM, V8 CH-6330	X

Signatures
/s/ Alois Wiget		4/12/2011
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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