Thanks for the replies guys!
As it stands, I have yet to have tried swapping over a spring from a negligible key, I'll get BBQ skewers tomorrow to do so.
Regarding possible water damage, there's no hint of corrosion from a possible spill in the past on the metal plate, however there's a tiny bit of mold on the back label, which leads me to think of moisture or of a minor spill in the past that wasn't entirely dried up as the culprit. From random removal of keys, of which included the entire leftmost column, it only appears it was this key that had a rust issue. I'm as perplexed as you guys are.
As for a full on bolt mod, I'm still considering, although I have time constraints and the lack of tools as a student a couple states away from home and his father's arsenal of tools.
Not to mention the fear of the potential of "messing up" with what would be his *first* bolt mod on what unfortunately was a space saving m. Reason of which I'm here asking!

At the moment I'm still considering my options; I could live with using my right hand to hit the shift key but old habits are hard to kill.
I've also been in touch with unicomp; for them to repair my m. Their price seems really fair but I'm not sure what they're going to do when they mention they're going to refurbish it to the point of "good as new". I might end up starting a thread asking members for their experiences with this program of unicomp's.