MUSTANG ALLIANCES, INC. - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - October 6, 2011

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XML - IDEA: XBRL DOCUMENT - MUSTANG ALLIANCES, INC.R8.htm
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EX-31.1 - CERTIFICATION - MUSTANG ALLIANCES, INC.mstg_ex311.htm
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v2.3.0.11
Organization and Basis of Presentation
 6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
NOTE 1 - Organization and Basis of Presentation

Mustang Alliances, Inc. (“the Company”) was incorporated on February 22, 2007 under the laws of the State of Nevada.

 

The Company has not yet generated revenues from planned principal operations and is considered a development stage company. The Company originally intended to market and sell anti-lock braking systems produced in China to the auto parts and auto manufacturing market in the United States. The Company has since abandoned its business plan and was seeking an operating company with which to merge or acquire. Currently, we are no longer a blank check company as we have a specific business plan. We are an exploration-stage mining company and as a result of the execution and delivery of the lease agreements, we are now in the business of exploring mineral properties. There is no assurance, however, that the Company will achieve its objectives or goals.

 

In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the information set forth therein. These financial statements are condensed and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

 

Results of operations for interim periods are not necessarily indicative of the results of operations for a full year.

 

 

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