STOCKHOLDERS' DEFICIT

3 Months Ended

Jun. 30, 2011

Equity {1}

Stockholders' Equity Note Disclosure [Text Block]

NOTE 4 – STOCKHOLDERS’ DEFICIT

On November 15, 2007, the Company issued 2,000,000 shares of common stock in connection with the acquisition of a 50% interest in two mineral claims.

On April 6, 2008, the Company issued 4,000,000 shares of common stock in connection with the acquisition of a third mineral claim.

During the year ended December 31, 2008, the Company issued 2,333,333 shares of common stock for $70,000 in connection with a private placement.

During the year ended December 31, 2008, the Company allocated 492,336 shares of common stock for $224,400 in connection with a share subscription.  During the period ended March 31, 2011, the company issued 187,000 shares of common stock in connection with this share subscription.

Effective April 16, 2010, the board of directors of the Company adopted a resolution  to effect a 300 to 1 reverse share spit.  As a result the authorized share capital of the company has been decreased to 1,666,666 shares of common stock with par value of $0.001 per share. On May 10, 2010, the board of directors adopted a resolution to increase the authorized share capital of the company to 500,000,000 shares of common stock with a par value of $ 0.001 per share.

On April 23, 2010, the Company issued 1,000,000 shares of common stock at a deemed price of $ 1.50 per share.  In consideration, the Company received 1,000,000 shares of PEI Worldwide Holdings, Inc., a Nevada Corporation. On September 21, 2010, Vanguard signed an agreement with PEI that it would attempt to liquidate or sell its shares in PEI to a third party buyer and that if it was unable to do so in a 90 day period, the transaction would be rescinded and Vanguard would return the shares to PEI.

On June 7, 2011, the Company completed a recission whereby the 1,000,000 shares previously issued in exchange for the PEI shares were cancelled and the 1,000,000 shares of PEI were returned to the purchasers.  The impairment in value of the PEI shares of $ 1,020,000 recorded during the year ended December 31, 2010 was reversed during the period ended June 30, 2011.

On June 16, 2010, the Company issued 125,000 shares of common stock at a deemed price of $ 3.00 per share. In consideration, the Company received a 15% interest in Genesis Venture Fund India, I, LP., a Delaware Limited partnership.  The sole director of the Company is the managing director of Genesis and owns a 20% interest. In August 2010, this agreement was rescinded and the shares were subsequently cancelled.

On June 7, 2011, the Company issued 1,000,000 shares of common stock for $ 250,000 in connection with a private placement.

On June 13, 2011, the Company entered into an agreement with an officer of the company for services in exchange for a grant of 150,000 of our common stock vesting over a period of four years