SB-1/A 1 formsb1a.htm AMENDMENT NO. 1 TO REGISTRATION STATEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Spring Creek Capital Corp. - Form SB-1

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SB-1/A
Amendment No. 1

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

SPRING CREEK CAPITAL CORP.
(Name of small business issuer in its charter)

Nevada 1000 98-0496750
(State or other jurisdiction of (Primary Standard Industrial (IRS Employer
incorporation or organization) Classification Code Number) Identification No.)

12684 – 70 A. Avenue Surrey, British ColumbiaV3W 2J4
(Address and telephone number of principal executive offices)

Aaron D. McGeary, 405 Airport Fwy, #5 Bedford, Texas 76021
(817) 268-3520
(Name, address and telephone number of agent for service)

Copies of all communication to:

Spring Creek Capital Corp.
12684 – 70 A. Avenue
Surrey, British Columbia
V3W 2J4

Approximate date of proposed sale to the public: As soon as practicable after the effective date of the
Registration Statement.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis
pursuant to Rule 415 under the Securities Act of 1933 check the following box. [X]

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the
Securities Act, check the following box and list the Securities Act registration statement number of the
earlier effective registration statement for the same offering. [ ]

If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the
following box and list the Securities Act registration statement number of the earlier effective registration
statement for the same offering. [ ]

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the
following box and list the Securities Act registration statement number of the earlier effective registration
statement for the same offering. [ ]

If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ]

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CALCULATION OF REGISTRATION FEE

Title of each class
of securities to be
registered

Dollar Amount to
be registered

Number of Shares
to be registered
Proposed
maximum offering
price per unit

Amount of
registration fee
Common stock $25,000 2,500,000 $0.01 $2.67

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

Disclosure alternative used (check one): Alternative 1 __     Alternative 2 X

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Subject to Completion, Dated July 12 , 2006

PROSPECTUS

Spring Creek Capital Corp.

2,500,000 Shares of Common Stock

The selling shareholder named in this prospectus is offering 2,500,000 shares of common stock of Spring Creek Capital Corp. We will not receive any of the proceeds from the sale of these shares. The shares were acquired by the selling shareholder directly from us in a private offering of our common stock that was exempt from registration under the securities laws. The selling shareholder has set an offering price for these securities of $0.01 per share and an offering period of four months from the date of this prospectus. See “Security Ownership of Selling Shareholder and Management” for more information about the selling shareholder.

Our common stock is presently not traded on any market or securities exchange. The offering price may not reflect the market price of our shares after the offering.

__________________

This investment involves a high degree of risk. You should purchase shares only if you can afford a complete loss. See “Risk Factors” beginning on page 6.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the prospectus. Any representation to the contrary is a criminal offense.

__________________

The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Shares Offered by   Selling Agent Proceeds to Selling
Selling Shareholder Price To Public Commissions Shareholder
Per Share $0.01 Not applicable $0.01
Minimum Purchase Not applicable Not applicable Not applicable
Total Offering $25,000.00 Not applicable $25,000.00

Proceeds to the selling shareholder do not include offering costs, including filing fees, printing costs, legal fees, accounting fees, and transfer agent fees estimated at $10,000. Spring Creek will pay these expenses.

This Prospectus is dated July 12 , 2006.

Spring Creek Capital Corp.
12684 – 70 A. Avenue
Surrey, British Columbia
V3W 2J4

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TABLE OF CONTENTS

        Page
         
PART I 5
         
PROSPECTUS SUMMARY 5
         
  THE OFFERING 5
  SELECTED FINANCIAL INFORMATION 5
         
RISK FACTORS 6
         
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 12
         
DILUTION 13
         
PLAN OF DISTRIBUTION 13
         
USE OF PROCEEDS TO ISSUER 14
         
BUSINESS OF THE ISSUER 14
         
  GLOSSARY OF MINING TERMS 14
  GENERAL OVERVIEW 20
  PROPERTYACQUISITION DETAILS 20
  LAND STATUS, TOPOGRAPHY, LOCATION AND ACCESS 20
  GEOLOGY OF THE MINERAL CLAIMS 22
  EXPLORATION HISTORY AND PREVIOUS OPERATIONS 23
  PROPOSED PROGRAM OF EXPLORATION 24
  COST ESTIMATES OF EXPLORATION PROGRAMS 24
    Phase 1 25
    Phase 2 25
    Phase 3 25
  OVERVIEW OF COPPER 25
  COMPLIANCE WITH GOVERNMENT REGULATION 26
  EMPLOYEES 26
         
MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION 26
         
  PLAN OF OPERATIONS 27
  RESULTS OF OPERATIONS 27
  LIQUIDITY AND CAPITAL RESOURCES 27
         
DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES 28
         
REMUNERATION OF DIRECTORS AND EXECUTIVE OFFICERS 29
         
SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS 29
         
INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS 30
         
SECURITIES BEING OFFERED 30
         
SEC POSITION ON INDEMNIFICATION 30
         
LEGAL MATTERS 31
         
EXPERTS 31
         
AVAILABLE INFORMATION 31
         
REPORTS TO SHAREHOLDERS 32
         
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 33
         
ITEM 3  UNDERTAKINGS 42

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ITEM 4  UNREGISTERED SECURITIES ISSUED OR SOLD WITHIN ONE YEAR 44
     
ITEM 5  INDEX TO EXHIBITS 44
     
ITEM 6  DESCRIPTION OF EXHIBITS. 44
     
SIGNATURES 45

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PART I

PROSPECTUS SUMMARY

Spring Creek Capital Corp.

Spring Creek Capital Corp. (“Spring Creek” or the “Company”) was organized under the laws of the State of Nevada on May 11, 2006, to explore mining claims and property in North America.

Our property, known as Quadra Copper, is located on Quadra Island in the Nanaimo Mining Division approximately 10 km north of Campbell River on Vancouver Island. The Quadra Copper property comprises 683.743 hectares of mineral title contained in 33 cell units on two mineral claims.

We are an exploration stage company and we have not realized any revenues to date. We do not have sufficient capital to enable us to commence and complete our exploration program. We will require financing in order to conduct the exploration program described in the section entitled, "Business of the Issuer."

We are not a "blank check company," as we do not intend to participate in a reverse acquisition or merger transaction. A "blank check company" is defined by securities laws as a development stage company that has no specific business plan or purpose or has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person.

Our offices are located at 12684 – 70 A Avenue, Surrey, British Columbia, V3W 2J4.

THE OFFERING

Securities offered

2,500,000 shares of common stock

 

Selling shareholder(s)

Jagjit Jay Sidhu

 

Offering price

$0.01 per share

 

Shares outstanding prior to the offering

10,000,000 shares of common stock

 

Shares to be outstanding after the offering

10,000,000 shares of common stock

Use of proceeds

We will not receive any proceeds from the sale of the common stock by the selling shareholder.

SELECTED FINANCIAL INFORMATION

The following summary financial data is derived from our audited financial statements for the period ended May 31, 2006 included elsewhere in this offering memorandum. We have prepared our financial statements in accordance with generally accepted accounting principles. Our results of operations for any interim period do not necessarily indicate our results of operations for the full year. You should read this summary financial data in conjunction with "Management's Discussion and Analysis or Plan of Operation," "Business," and our financial statements.

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RISK FACTORS

INVESTING IN OUR SECURITIES INVOLVES A HIGH DEGREE OF RISK. IN ADDITION TO THE OTHER INFORMATION CONTAINED IN THIS PRIVATE PLACEMENT MEMORANDUM, PROSPECTIVE PURCHASERS OF THE SECURITIES OFFERED HEREBY SHOULD CONSIDER CAREFULLY THE FOLLOWING FACTORS IN EVALUATING THE COMPANY AND ITS BUSINESS.

THE COMPANY HAS NEVER EARNED A PROFIT. THERE IS NO GUARANTEE THAT WE WILL EVER EARN A PROFIT. IF WE FAIL TO GENERATE INCOME AND ACHIEVE PROFITABILITY, AN INVESTMENT IN OUR SECURITIES WILL BE WORTHLESS.

From inception, May 11, 2006, to the period ended May 31, 2006, the Company had no revenue producing operations. As shown in the accompanying financial statements, the Company has incurred a net loss of $20,855 for the period from May 11, 2006 (inception) to May 31, 2006 and has not generated any revenues. The Company is not currently operating profitably, and it should be anticipated that it will operate at a loss at least until such time when the production stage is achieved, if production is, in fact, ever achieved. If we fail to generate income, your investment in our common stock will become worthless.

WE HAVE A LIMITED OPERATING HISTORY. THERE CAN BE NO ASSURANCE THAT WE WILL BE SUCCESSFUL IN GROWING OUR COPPER EXPLORATION AND DEVELOPMENT ACTIVITIES. WE HAVE NOT PROVEN THAT WE CAN GENERATE A PROFIT. IF WE FAIL TO GENERATE INCOME AND ACHIEVE PROFITABILITY, AN INVESTMENT IN OUR SECURITIES WILL BE WORTHLESS.

The Company has a limited history of operations. As a result of our limited operating history, there can be no assurance that we will be successful in our exploration activities. Our success to date in entering into ventures to acquire interests in exploration blocks is not indicative that we will be successful in entering into any additional ventures. Any future significant growth in our mineral exploration activities will place additional demands on Mr. Jagjit Jay Sidhu, our sole Executive Officer and Director, and any increased scope of our operations will present challenges due to our current limited management resources. Our future performance will depend upon Mr. Sidhu’s ability to locate and negotiate additional exploration opportunities in which we can participate. There can be no assurance that we will be successful in these efforts. Our inability to locate additional opportunities, to hire additional management and other personnel, or to enhance our management systems, could have a material adverse effect on our results of operations.

We have a limited operating history and have not proved we can operate successfully. There can be no assurance that the Company's operations will be profitable. From inception, May 11, 2006 to the period ended May 31, 2006, we have not earned any revenue and have incurred a net loss of $20,855. We face all of the risks inherent in a new business. If we fail, your investment in our common stock will become worthless. The purchase of the securities offered hereby must therefore be regarded as the placing of funds at a high risk in a new or "start-up" venture with all the unforeseen costs, expenses, problems, and difficulties to which such ventures are subject.

WE MAY RAISE ADDITIONAL CAPITAL AND, THEREBY, FURTHER DILUTE THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING.

Spring Creek may need to raise additional capital, in addition to the financing as reported in this prospectus, by issuing additional shares of common stock and will, thereby, increase the number of

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common shares outstanding. There can be no assurance that this additional capital will be available to meet these continuing exploration and development costs or, if the capital is available, that it will be available on terms acceptable to the Company. The issuances of additional equity securities by the Company may result in a significant dilution in the equity interests of its current shareholders. If the Company is unable to obtain financing in the amounts and on terms deemed acceptable, the business and future success of the Company will almost certainly be adversely affected. To raise additional capital we may have to issue additional shares, which may substantially dilute the interests of existing shareholders. Alternatively, we may have to borrow large sums, and assume debt obligations that require us to make substantial interest and capital payments. If we are able to raise additional capital, we cannot be assured that it will be on terms that enhance the value of our common shares.

THERE IS A HIGHER RISK OUR BUSINESS WILL FAIL BECAUSE OUR PRESIDENT AND DIRECTOR DOES NOT HAVE FORMAL TRAINING SPECIFIC TO THE TECHNICALITIES OF MINERAL EXPLORATION.

Mr. Jagjit Jay Sidhu, our sole Executive Officer and Director of the Company, does not have formal training as a geologist or in the technical aspects of management of a mineral exploration company. Mr. Sidhu lacks technical training and experience with exploring for, starting, and operating a mine. With no direct training or experience in these areas, Mr. Sidhu may not be fully aware of the specific requirements related to working within this industry. Mr. Sidhu’s decisions and choices may not take into account standard engineering or managerial approaches mineral exploration companies commonly use. Consequently, our operations, earnings, and ultimate financial success could suffer irreparable harm due to management's lack of experience in this industry.

WE ARE CONTROLLED BY MR. JAGJIT JAY SIDHU, OUR SOLE OFFICER AND DIRECTOR, AND, AS SUCH, YOU MAY HAVE NO EFFECTIVE VOICE IN OUR MANAGEMENT.

Upon the completion of this offering, Mr. Sidhu, our sole Executive Officer and Director, will beneficially own approximately 75% of our issued and outstanding common stock. Accordingly, Mr. Sidhu will be able to exercise control over all matters requiring shareholder approval, including the possible election of additional directors and approval of significant corporate transactions. If you purchase shares of our common stock, you may have no effective voice in our management.

WE ARE SOLELY GOVEREND BY MR. JAGJIT JAY SIDHU, OUR SOLE OFFICER AND DIRECTOR, AND, AS SUCH, THERE MAY BE SIGNIFICANT RISK TO THE COMPANY FROM A CORPORATE GOVERNANCE PERSPECTIVE.

Our sole Executive Officer and Director makes decisions such as the approval of related party transactions, the compensation of Executive Officers, and the oversight of the accounting function. There will be no segregation of executive duties and there may not be effective disclosure and accounting controls to comply with applicable laws and regulations, which could result in fines, penalties and assessments against us. Accordingly, the inherent controls that arise from the segregation of executive duties may not prevail. In addition, Mr. Sidhu will exercise full control over all matters that typically require the approval of a Board of Directors. Mr. Sidhu’s actions are not subject to the review and approval of a Board of Directors and, as such, there may be significant risk to the Company from the corporate governance perspective.

Our sole Executive Officer and Director exercises control over all matters requiring shareholder approval including the election of directors and the approval of significant corporate transactions. We have not voluntarily implemented various corporate governance measures, in the absence of which, shareholders may have more limited protections against the transactions implemented by Mr. Sidhu, conflicts of interest and similar matters.

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We have not adopted corporate governance measures such as an audit or other independent committees as we presently only have one independent director. Shareholders should bear in mind our current lack of corporate governance measures in formulating their investment decisions.

WE ARE CONTROLLED BY MR. JAGJIT JAY SIDHU, OUR SOLE OFFICER AND DIRECTOR, AND, AS SUCH, THE COMPANY MAY LACK THE ABILITY TO SUCCESSFULLY IMPLEMENT ITS GROWTH PLANS.

Mr. Sidhu, our sole Executive Officer and Director, has no career experience related to mining and mineral exploration. Accordingly, Mr. Sidhu may be unable to successfully operate and develop our business. We cannot guarantee that we will overcome this obstacle. There may be additional risk to the Company in that the Company may lack the ability to successfully implement its growth plans given that it has no executive management team, and that it relies exclusively on the ability and management of its sole officer and director, Mr. Sidhu.

SINCE OUR SOLE EXECUTIVE OFFICER AND DIRECTOR IS NOT A RESIDENT OF THE UNITED STATES, IT MAY BE DIFFICULT TO ENFORCE ANY LIABILITIES AGAINST HIM.

Accordingly, if an event occurs that gives rise to any liability, shareholders would likely have difficulty in enforcing such liabilities because Mr. Jagjit Jay Sidhu, our sole Executive Officer and Director resides outside the United States. If a shareholder desired to sue, shareholders would have to serve a summons and complaint. Even if personal service is accomplished and a judgment is entered against that person, the shareholder would then have to locate assets of that person, and register the judgment in the foreign jurisdiction where the assets are located.

BECAUSE OUR SOLE EXECUTIVE OFFICER HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

It is possible that the demands on our sole Executive Officer and Director from other obligations could increase with the result that he would no longer be able to devote sufficient time to the management of our business. In addition, he may not possess sufficient time for our business if the demands of managing our business increased substantially beyond current levels.

THE IMPRECISION OF MINERAL DEPOSIT ESTIMATES MAY PROVE ANY RESOURCE CALCULATIONS THAT WE MAKE TO BE UNRELIABLE.

Mineral deposit estimates and related databases are expressions of judgment based on knowledge, mining experience, and analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. By their nature, mineral deposit estimates are imprecise and depend upon statistical inferences, which may ultimately prove unreliable. Furthermore, none of the Company's mineral deposit estimates are considered reserves, and there can be no assurances that any of such deposits will ever be classified as reserves. Mineral deposit estimates included here, if any, have not been adjusted in consideration of these risks and, therefore, no assurances can be given that any mineral deposit estimate will ultimately be reclassified as reserves.

WE WILL BE SENSITIVE TO FLUCTUATIONS IN THE PRICE OF COPPER, WHICH ARE BEYOND OUR CONTROL. THE PRICE OF COPPER IS VOLATILE AND PRICE CHANGES ARE BEYOND OUR CONTROL.

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The price of copper and other minerals can fluctuate. The prices of copper, which are affected by numerous factors beyond the Company's control. Factors that affect the price of copper include the demand from consumers, economic conditions, over supply from secondary sources and costs of production. Price volatility and downward price pressure, which can lead to lower prices, could have a material adverse effect on the costs or the viability of our projects.

MINERAL EXPLORATION AND PROSPECTING IS A HIGHLY COMPETITIVE AND SPECULATIVE BUSINESS AND WE MAY NOT BE SUCCESSFUL IN SEEKING AVAILABLE OPPORTUNITIES.

The process of mineral exploration and prospecting is a highly competitive and speculative business. In seeking available opportunities, the Company will compete with a number of other companies, including established, multi-national companies that have more experience and resources. We compete with other exploration companies looking for copper mineral deposits. Because we may not have the financial and managerial resources to compete with other companies, we may not be successful in our efforts to acquire projects of value, which may, ultimately, become productive.

COMPLIANCE WITH ENVIRONMENTAL CONSIDERATIONS AND PERMITTING COULD HAVE A MATERIAL ADVERSE EFFECT ON THE COSTS OR THE POTENTIAL VIABILITY OF OUR PROJECTS. THE HISTORICAL TREND TOWARD STRICTER ENVIRONMENTAL REGULATION MAY CONTINUE AND REPRESENTS AN UNKNOWN FACTOR IN OUR PLANNING PROCESSES.

All mining is regulated by the government agencies at the Federal and Provincial levels in Canada. Compliance with such regulation has a material effect on the economics of our operations and the timing of project development. The mining business is subject not only to worker health and safety and environmental risks associated with all mining businesses but also to additional risks uniquely associated with copper mining. The possibility of more stringent regulations exists in the areas of worker health and safety, the dispositions of wastes, the decommissioning and reclamation of mining and milling sites and other environmental matters, each of which could have an adverse material effect on the costs or the viability of a particular mining project.

MINING AND EXPLORATION ACTIVITIES ARE SUBJECT TO EXTENSIVE REGULATION BY FEDERAL AND PROVINCIAL GOVERNMENTS. FUTURE CHANGES IN GOVERNMENTS, REGULATIONS AND POLICIES, COULD ADVERSELY AFFECT THE COMPANY'S RESULTS OF OPERATIONS FOR A PARTICULAR PERIOD AND ITS LONG-TERM BUSINESS PROSPECTS.

Mining and exploration activities are subject to extensive regulation by state and federal governments. Such regulation relates to production, development, exploration, exports, taxes and royalties, labor standards, occupational health, waste disposal, protection and remediation of the environment, mine and mill reclamation, mine and mill safety, toxic substances and other matters. Compliance with such laws and regulations has increased the costs of exploring, drilling, developing, constructing, operating mines and other facilities. Furthermore, future changes in governments, regulations and policies, could adversely affect the Company's results of operations in a particular period and its long-term business prospects.

The development of mines and related facilities is contingent upon governmental approvals, which are complex and time consuming to obtain and which, depending upon the location of the project, involve various governmental agencies. The duration and success of such approvals are subject to many variables outside the Company’s control.

IF WE DO NOT OBTAIN ADDITIONAL FINANCING, OUR BUSINESS WILL FAIL.

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We will need to obtain additional financing in order to complete our business plan. We currently do not have any operations and we have no income. We do not have any arrangements for financing and we may not be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including investor acceptance of mineral claims and investor sentiment. These factors may adversely affect the timing, amount, terms, or conditions of any financing that we may obtain or make any additional financing unavailable to us.

IF WE DO NOT CONDUCT EXPLORATION ON OUR MINERAL CLAIMS AND WE FAIL TO KEEP THE CLAIMS IN GOOD STANDING, THEN OUR RIGHT TO THE MINERAL CLAIMS WILL LAPSE AND WE WILL LOSE EVERYTHING THAT WE HAVE INVESTED AND EXPENDED TOWARDS THESE CLAIMS.

We must complete mineral exploration work on our mineral claims and keep the claims in good standing. If we do not fulfill our work commitment requirements on our claims or keep the claims in good standing, then our right to the claims will lapse and we will lose title to and all interest that we have in these mineral claims.

BECAUSE OF OUR LIMITED RESOURCES AND THE SPECULATIVE NATURE OF OUR BUSINESS, THERE IS A SUBSTANTIAL DOUBT AS TO OUR ABILITY TO CONTINUE AS A GOING CONCERN.

The report of our independent auditors, on our audited financial statements for the period ended May 31, 2006, indicates that there are a number of factors that raise substantial doubt about our ability to continue as a going concern (See Note 3, “Notes to the Financials Statements”). As shown in the accompanying financial statements, the Company has incurred a net loss of $20,855 for the period from May 11, 2006 (inception) to May 31, 2006 and has not generated any revenues. Our continued operations are dependent on our ability to obtain financing and upon our ability to achieve future profitable operations from the development of our mineral properties. If we are not able to continue as a going concern, it is likely investors will lose their investment.

IF WE COMPLETE A FINANCING THROUGH THE SALE OF ADDITIONAL SHARES OF OUR COMMON STOCK IN THE FUTURE, THEN SHAREHOLDERS WILL EXPERIENCE DILUTION.

The most likely source of future financing presently available to us is through the sale of shares of our common stock. Any sale of common stock will result in dilution of equity ownership to existing shareholders. This means that if we sell shares of our common stock, more shares will be outstanding and each existing shareholder will own a smaller percentage of the shares then outstanding.

THERE IS NO MARKET FOR OUR COMMON STOCK, WHICH LIMITS OUR SHAREHOLDERS’ ABILITY TO RESELL THEIR SHARES OR PLEDGE THEM AS COLLATERAL.

There is currently no public market for our shares, and we cannot assure you that a market for our stock will develop. Consequently, shareholders may not be able to use their shares for collateral or loans and may not be able to liquidate at a suitable price in the event of an emergency. In addition, shareholders may not be able to resell their shares at or above the price they paid for them or may not be able to sell their shares at all.

FUTURE SALES OF OUR COMMON SHARES COULD NEGATIVELY AFFECT THE MARKET PRICE OF OUR COMMON STOCK

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Sales of substantial amounts of Common Stock in the public market could adversely affect the market price of our Common Stock. There are at present 10,000,000 shares of Common Stock issued and outstanding.

THE COMPANY HAS NOT PAID ANY CASH DIVIDENDS ON ITS SHARES AND DOES NOT ANTICIPATE PAYING ANY SUCH DIVIDENDS IN THE FORESEEABLE FUTURE.

To date, the Company has not paid any cash dividends on its shares of our Common Stock and does not anticipate paying any such dividends in the foreseeable future. Payment of future dividends will depend on earnings and the capital requirements of the Company, the Company’s debt facilities and other factors considered appropriate by Mr. Jagjit Jay Sidhu, the Company’s sole Executive Officer and Director.

The Shares offered hereby have not been registered under the 1933 Act, and except as described elsewhere in this registration statement, no provision has been made for such registration or qualification under any state securities laws, so as to permit any public distribution or resale thereof. Shareholders must be prepared to hold the underlying shares for an indefinite period of time. There is no public market for the securities being sold under and pursuant to this registration statement, and no assurance can be given that the Company will ever affect a public offering of its Common Stock or that a market for the Company’s securities will ever develop in the future.

OUR SHARES QUALIFY AS PENNY STOCKS AND, AS SUCH, ARE SUBJECT TO THE RISKS ASSOCIATED WITH “PENNY STOCKS”. REGULATIONS RELATING TO “PENNY STOCKS” LIMIT THE ABILITY OF OUR SHAREHOLDERS TO SELL THEIR SHARES AND, AS A RESULT, OUR SHAREHOLDERS MAY HAVE TO HOLD THEIR SHARES INDEFINITELY.

The Company’s common shares may be deemed to be “penny stock” as that term is defined in Regulation Section “240.3a51 -1” of the Securities and Exchange Commission (the “SEC”). Penny stocks are stocks: (a) with a price of less than U.S. $5.00 per share; (b) that are not traded on a “recognized” national exchange; (c) whose prices are not quoted on the NASDAQ automated quotation system (NASDAQ - where listed stocks must still meet requirement (a) above); or (d) in issuers with net tangible assets of less than U.S. $2,000,000 (if the issuer has been in continuous operation for at least three years) or U.S. $5,000,000 (if in continuous operation for less than three years), or with average revenues of less than U.S. $6,000,000 for the last three years.

Section “15(g)” of the United States Securities Exchange Act of 1934, as amended, and Regulation Section “240.15g(c)2” of the SEC require broker dealers dealing in penny stocks to provide potential investors with a document disclosing the risks of penny stocks and to obtain a manually signed and dated written receipt of the document before effecting any transaction in a penny stock for the investor’s account. Potential investors in the Company’s common shares are urged to obtain and read such disclosure carefully before purchasing any common shares that are deemed to be “penny stock”.

Moreover, Regulation Section “240.15g -9” of the SEC requires broker dealers in penny stocks to approve the account of any investor for transactions in such stocks before selling any penny stock to that investor. This procedure requires the broker dealer to: (a) obtain from the investor information concerning his or her financial situation, investment experience and investment objectives; (b) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (c) provide the investor with a written statement setting forth the basis on which the broker dealer made the determination in (ii) above; and (d) receive a signed and dated copy of such statement from the investor confirming that it accurately reflects the investor’s financial situation, investment experience and investment objectives. Compliance with

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these requirements may make it more difficult for investors in the Company’s common shares to resell their common shares to third parties or to otherwise dispose of them. Shareholders should be aware that, according to Securities and Exchange Commission Release No. 34-29093, dated April 17, 1991, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include:

(i) control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer

(ii) manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases

(iii) boiler room practices involving high-pressure sales tactics and unrealistic price projections by inexperienced sales persons

(iv) excessive and undisclosed bid-ask differential and markups by selling broker-dealers

(v) the wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along with the resulting inevitable collapse of those prices and with consequent investor losses

Our management is aware of the abuses that have occurred historically in the penny stock market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established with respect to our securities.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This prospectus contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. We use words such as "anticipate", "expect", "intend", "plan", "believe", "seek" and "estimate", and variations of these words and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are most likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in the preceding "Risk Factors" section and elsewhere in this prospectus. These forward-looking statements address, among others, such issues as:

  Ø  future earnings and cash flow
  Ø  development projects
  Ø  business strategy
  Ø  expansion and growth of our business and operations
  Ø  our estimated financial information

These statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. However, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties, which could cause our actual results, performance and financial condition to differ materially from our expectation.

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Consequently, these cautionary statements qualify all of the forward-looking statements made in this prospectus. We cannot assure you that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they would have the expected effect on us or our business or operations.

DILUTION

The common stock to be sold by the selling shareholder is common stock that is currently issued and outstanding. Accordingly, there will be no dilution to our existing shareholders.

PLAN OF DISTRIBUTION

The selling shareholder may sell some of all of his common stock in one or more transactions, including block transactions:

  Ø 
on such public markets or exchanges as the common stock may from time to time be trading;
  Ø 
in privately negotiated transactions;
  Ø 
through the writing of options on the common stock;
  Ø 
in settlement of short sales; or
  Ø 
in any combination of these methods of distribution.

The selling shareholder has set an offering price for these securities of $0.01 per share, no minimum purchase and an offering period of four months from the date of this prospectus.

The shares may also be sold in compliance with the Securities and Exchange Commission's Rule 144. In the event of the transfer by the selling shareholder of his shares to any pledgee, donee, or other transferee, we will amend this prospectus and the registration statement of which this prospectus forms a part by the filing of a post-effective registration statement in order to name the pledgee, donee, or other transferee in place of the selling shareholder who has transferred his shares.

The selling shareholder may also sell his shares directly to market makers acting as principals or brokers or dealers, who may act as agent or acquire the common stock as a principal. Any broker or dealer participating as agent in such transactions may receive a commission from the selling shareholder or, if they act as agent for the purchaser of such common stock, a commission from the purchaser. The selling shareholder will likely pay the usual and customary brokerage fees for such services. Brokers or dealers may agree with the selling shareholder to sell a specified number of shares at a stipulated price per share and, to the extent such broker or dealer is unable to do so acting as agent for the selling shareholder, to purchase, as principal, any unsold shares at the price required to fulfill the respective broker's or dealer's commitment to the selling shareholder. Brokers or dealers who acquire shares as principals may thereafter resell such shares from time to time in transactions in a market or on an exchange, in negotiated transactions or otherwise, at market prices prevailing at the time of sale or at negotiated prices, and in connection with such resales may pay or receive commissions to or from the purchasers of such shares. These transactions may involve cross and block transactions that may involve sales to and through other brokers or dealers. We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholder.

If, after the date of this prospectus, the selling shareholder enters into an agreement to sell his shares to a broker-dealer as principal and the broker-dealer is acting as an underwriter, we will need to file a post-effective amendment to the registration statement of which this prospectus is a part. We will need to identify the broker-dealer, provide required information on the plan of distribution, and revise the disclosures in that amendment, and file the agreement as an exhibit to the registration statement.

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Also, the broker-dealer would have to seek and obtain clearance of the underwriting compensation and arrangements from the NASD Corporate Finance Department.

Any broker-dealers or agents that are involved in selling the shares are deemed to be "underwriters" in connection with such sales according to SEC rules and regulations.

We are bearing all costs relating to the registration of the common stock, which are estimated at $10,000. The selling shareholder, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.

We are paying the expenses of the offering because we seek to: (i) become a reporting company with the Commission under the Securities Exchange Act of 1934 (the "1934 Act"); and (ii) enable our common stock to be traded on the OTC Bulletin Board. We believe that the registration of the resale of shares on behalf of existing shareholder may facilitate the development of a public market in our common stock if our common stock is approved for trading on the OTC Bulletin Board.

We consider that the development of a public market for our common stock will make an investment in our common stock more attractive to future investors. In order for us to continue with our mineral exploration program, we will at some point in the near future need to raise additional capital through private placement offerings. We believe that obtaining reporting company status under the 1934 Act and trading on the OTC Bulletin Board should increase our ability to raise these additional funds from investors.

The selling shareholder and any broker-dealers or agents must comply with the requirements of the Securities Act and the Securities Exchange Act in the offer and sale of the common stock. In particular, during such times as the selling shareholder and any broker-dealers or agents may be deemed to be engaged in a distribution of the common stock, and therefore be considered to be an underwriter, he must comply with applicable law and may, among other things:

  Ø 
Not engage in any stabilization activities in connection with our common stock;
  Ø 
Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and
  Ø 
Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Securities Exchange Act.

USE OF PROCEEDS TO ISSUER

We will not receive any proceeds from the sale of the common stock offered through this prospectus by the selling shareholder.

BUSINESS OF THE ISSUER

GLOSSARY OF MINING TERMS

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Archean

Of or belonging to the earlier of the two divisions of Precambrian time, from approximately 3.8 to 2.5 billion years ago, marked by an atmosphere with little free oxygen, the formation of the first rocks and oceans, and the development of unicellular life. Of or relating to the oldest known rocks, those of the Precambrian Eon, that are predominantly igneous in composition.

 

Assaying

Laboratory examination that determines the content or proportion of a specific metal (ie: copper, silver) contained within a sample. Technique usually involves firing/smelting.

 

Conglomerate

A coarse-grained clastic sedimentary rock, composed of rounded to subangular fragments larger than 2 mm in diameter (granules, pebbles, cobbles, boulders) set in a fine-grained matrix of sand or silt, and commonly cemented by calcium carbonate, iron oxide, silica, or hardened clay; the consolidated equivalent of gravel. The rock or mineral fragments may be of varied composition and range widely in size, and are usually rounded and smoothed from transportation by water or from wave action.

 

Cratons

Parts of the Earth's crust that have attained stability, and have been little deformed for a prolonged period.

 

Development
Stage

A “development stage” project is one which is undergoing preparation of an established commercially mineable deposit for its extraction but which is not yet in production. This stage occurs after completion of a feasibility study.

 

Dolomite Beds

Dolomite beds are associated and interbedded with limestone, commonly representing postdepositional replacement of limestone.

 

Doré

unrefined copper, silver bullion bars containing various impurities such as silver, copper and mercury, which will be further refined to near pure copper, silver.

 

Dyke or Dike

A tabular igneous intrusion that cuts across the bedding or foliation of the country rock.

15



Exploration Stage

An “exploration stage” prospect is one which is not in either the development or production stage.

 

Fault

A break in the continuity of a body of rock. It is accompanied by a movement on one side of the break or the other so that what were once parts of one continuous rock stratum or vein are now separated. The amount of displacement of the parts may range from a few inches to thousands of feet.

 

Feldspathic

Said of a rock or other mineral aggregate containing feldspar.

 

Fold

a curve or bend of a planar structure such as rock strata, bedding planes, foliation, or cleavage

 

Foliation

A general term for a planar arrangement of textural or structural features in any type of rock; esp., the planar structure that results from flattening of the constituent grains of a metamorphic rock.

 

Formation

a distinct layer of sedimentary rock of similar composition.

 

Gabbro

A group of dark-colored, basic intrusive igneous rocks composed principally of basic plagioclase (commonly labradorite or bytownite) and clinopyroxene (augite), with or without olivine and orthopyroxene; also, any member of that group. It is the approximate intrusive equivalent of basalt. Apatite and magnetite or ilmenite are common accessory minerals.

 

Geochemistry

the study of the distribution and amounts of the chemical elements in minerals, ores, rocks, solids, water, and the atmosphere.

 

Geophysicist

one who studies the earth; in particular the physics of the solid earth, the atmosphere and the earth’s magnetosphere.

 

Geotechnical

the study of ground stability.

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Gneiss

A foliated rock formed by regional metamorphism, in which bands or lens-shaped strata or bodies of rock of granular minerals alternate with bands or lens-shaped strata or bodies or rock in which minerals having flaky or elongate prismatic habits predominate.

 

Granitic

Pertaining to or composed of granite.

 

Heap Leach

a mineral processing method involving the crushing and stacking of an ore on an impermeable liner upon which solutions are sprayed that dissolve metals such as copper, silver and copper; the solutions containing the metals are then collected and treated to recover the metals.

 

Intrusions

Masses of igneous rock that, while molten, were forced into or between other rocks.

 

Kimberlite

A blue/gray igneous rock that contains olivine, serpentine, calcite and silica and is the principal original environment of diamonds.

 

Lamproite

Dark-colored igneous rocks rich in potassium and magnesium.

 

Lithospere

The solid outer portion of the Earth.

 

Mantle

The zone of the Earth below the crust and above the core.

 

Mapped
or
Geological

the recording of geologic information such as the distribution and nature of rock

 

Mapping

units and the occurrence of structural features, mineral deposits, and fossil localities.

 

Metavolcanic

Said of partly metamorphosed volcanic rock.

 

Migmatite

A composite rock composed of igneous or igneous-appearing and/or metamorphic materials that are generally distinguishable megascopically.

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Mineral

a naturally formed chemical element or compound having a definite chemical composition and, usually, a characteristic crystal form.

 

Mineralization

a natural occurrence in rocks or soil of one or more metal yielding minerals.

 

Mineralized
Material

The term “mineralized material” refers to material that is not included in the reserve as it does not meet all of the criteria for adequate demonstration for economic or legal extraction.

 

Mining

Mining is the process of extraction and beneficiation of mineral reserves to produce a marketable metal or mineral product. Exploration continues during the mining process and, in many cases, mineral reserves are expanded during the life of the mine operations as the exploration potential of the deposit is realized.

 

Outcrop

that part of a geologic formation or structure that appears at the surface of the earth.

 

Pipes

Vertical conduits.

 

Plagioclase

Any of a group of feldspars containing a mixture of sodium and calcium feldspars, distinguished by their extinction angles.

 

Probable Reserve

The term “probable reserve” refers to reserves for which quantity and grade and/or quality are computed from information similar to that used for proven (measured) reserves, but the sites for inspection, sampling, and measurement are farther apart or are otherwise less adequately spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation.

 

Production Stage

A “production stage” project is actively engaged in the process of extraction and beneficiation of mineral reserves to produce a marketable metal or mineral product.

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Proterozoic

Of or relating to the later of the two divisions of Precambrian time, from approximately 2.5 billion to 570 million years ago, marked by the buildup of oxygen and the appearance of the first multicellular eukaryotic life forms.

 

Reserve

The term “reserve” refers to that part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination. Reserves must be supported by a feasibility study done to bankable standards that demonstrates the economic extraction. (“Bankable standards” implies that the confidence attached to the costs and achievements developed in the study is sufficient for the project to be eligible for external debt financing.) A reserve includes adjustments to the in-situ tonnes and grade to include diluting materials and allowances for losses that might occur when the material is mined.

 

Sedimentary

Formed by the deposition of sediment.

 

Shear

a form of strain resulting from stresses that cause or tend to cause contiguous parts of a body of rock to slide relatively to each other in a direction parallel to their plane of contact.

 

Sill

A concordant sheet of igneous rock lying nearly horizontal. A sill may become a dike or vice versa.

 

Strike

the direction or trend that a structural surface, e.g. a bedding or fault plane, takes as it intersects the horizontal.

 

Strip

to remove overburden in order to expose ore.

 

Till

Generally unconsolidated matter, deposited directly by and underneath a glacier without subsequent reworking by meltwater, and consisting of a mixture of clay, silt, sand, gravel, and boulders ranging widely in size and shape.

 

Unconformably

Not succeeding the underlying rocks in immediate order of age or not fitting together with them as parts of a continuous whole.

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Vein

a thin, sheet like crosscutting body of hydrothermal mineralization, principally quartz.

 

Wall Rock

the rock adjacent to a vein.

GENERAL OVERVIEW

Spring Creek Capital Corp. was incorporated in the State of Nevada on May 11, 2006. Spring Creek Capital was formed to explore for copper. The Company’s property, known as Quadra Copper, is located on Quadra Island in the Nanaimo Mining Division approximately 10 km north of Campbell River on Vancouver Island. The Quadra Copper property comprises 683.743 hectares of mineral title contained in 33 cell units on two mineral claims. Access to the property is by ferry from Campbell River to Quathiaski Cove on Quadra Island, and then by paved highway and logging roads to the claims.

We are an exploration company and we cannot provide assurance to investors that our mineral claims contain a commercially exploitable mineral deposit, or reserve, until appropriate exploratory work is conducted and an evaluation by a professional geologist of the exploration program concludes economic feasibility.

PROPERTYACQUISITION DETAILS

During the period from inception (May 11, 2006) to May 31, 2006, the Company purchased mining claims located in the Quadra Copper Property on Quadra Island in the Nanaimo Mining Division about 10 km north of Campbell River, Vancouver Island. It comprises two mineral claims containing 33 cell claim units totaling 683.743 hectares. The Company paid $20,000 for the Quadra Copper Property.

LAND STATUS, TOPOGRAPHY, LOCATION AND ACCESS

The Quadra Copper property comprises 683.743 hectares of mineral title contained in 33 cell units on two mineral claims.

Mining Claims

The Quadra Copper Property comprises two mineral claims containing 33 cell claim units totaling 683.743 hectares;

BC Tenure # Work Due Date Units Total Area (Hectares)
516481 March 6, 2006 32 663.027  
526069 January 23, 2007 01 20.716
    33 683.743  

Topography within the claims area is relatively hilly with the average elevation being about 100 to 200m above sea level. The climate is mild and typical of low elevation areas on the East Coast of Vancouver Island. Rainfall is, at times, heavy and continuous. Vegetation is largely second growth spruce, fir and cedar in the property area and, in general, the forest is thick and slow to traverse, unless recently logged.

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The Quadra Copper Property is located on Quadra Island in the Nanaimo Mining Division about 10 km north of Campbell River, Vancouver Island. It comprises two mineral claims containing 33 cell claim units totaling 683.743 hectares. The two mineral claims are located along the valley of a creek that flows at its southern end into Gowlland Harbour. Access to the showings is by ferry from Campbell River to Quathiaski Cove on Quadra Island and then by paved highway and logging roads to the two mineral claims. Recent logging on the property has established an excellent system of roads and rock exposures within the logging slashes.

QUADRA COPPER PROPERTY REGIONAL LOCATION MAP

REGIONAL GEOLOGY

Vancouver Island and the western half of Quadra Island are built on a thick platform of Paleozoic volcanic-sedimentary rocks known as the Sicker Group. The Sicker Group hosts the large polymetallic volcanogenic deposits mined at Myra Falls near Buttle Lake and several other former mines. This rock package is not well exposed in the Campbell River area, although it does trend up the center of the North Vancouver Island.

Rocks of the Campbell River area overlie the Sicker Group platform and comprise a conformable sequence of, from oldest to youngest, Karmutsen Formation basalt and Quatsino Formation limestone of Upper Triassic age, and Bonanza Volcanics of Lower Jurassic age. Parson Bay Formation calcareous sediments and Harbledown Formation non-calcareous sediments may occur between the Quatsino Formation and Bonanza Volcanics but have not been noted in the Campbell River area. The

21


entire package spans Late Triassic to Early Jurassic time and is intruded by Middle to Late Jurassic Island Intrusion plutonic rocks.

The Karmutsen Formation has a total thickness of approximately 6,000m. The predominant units are pillowed basaltic flows and breccias, and basaltic to andestitic massive and amygdaloidal flows. Thin beds and lenses of limestone, which may represent earliest Quatsino Formation limestone deposition, are present in the uppermost Karmutsen Formation. It is within this horizon near or at the top of the Karmutsen Formation that the Quadra Copper property that copper, silver and vanadium mineralization occurs.

The Upper Triassic Quatsino Formation is a homogeneous limestone sequence with a maximum thickness of at least 750m in the Campbell River area. The limestone is generally light gray, fine grained, well bedded and locally fossiliferous. In areas of deformation and/or intrusive activity the limestone is often recrystallized, stylolitic, and bleached white.

Above the Quatsino Formation limestones lie the Bonanza Volcanics, which are approximately 2,400m thick. The volcanics range in composition from rhyodacite to basalt, with intercalated sedimentary units.

Intruding the above the Late Triassic-Early Jurassic package are Island Intrusion granitic rocks. Most have granite to quartz monzonite or diorite composition. The isotope dates of Island Intrusion rocks are approximately 150 million years.

H. V. Ellsworth and H. C. Gunning first reported the presence of vanadium-bearing mineralization on the property in 1933. The occurrence is very similar to vanadiferous massive chalcocite mineralization present at the Menzies Bay Mine 9 km to the west, where the Karmutsen Formation interflow sediments have been important host environments of the mineralized deposits.

GEOLOGY OF THE MINERAL CLAIMS

The western-half of Quadra Island is underlain primarily by basaltic volcanic rocks of the Upper Triassic Karmutsen Formation which are overlain and bounded on the east by a northwest trending belt of Upper Triassic Quatsino Formation limestone, both of the Vancouver Group.

The property area is underlain by highly fractured and sheared Karmutsen Formation amygdaloidal basaltic flow rocks interlayered with dense, fine to medium grained basaltic units and minor thin beds of sedimentary, carbonaceous and tuffaceous material. The flow rocks dip gently south and southeast and range in thickness from 0.3 to 3.6m and more. Many of the flows are highly amygdaloidal with amygdules filled with calcite, quartz, chlorite, actinolite or prehnite. The rocks are chloritized and cut by numerous stringers and veinlets of quartz, calcite and epidote.

Chalcocite is the most abundant mineral with native copper and chalcopyrite in lesser amounts. Bornite and pyrite are rare. Malachite, azurite and cuprite are confined to oxidized and weathered surfaces. The distribution of the mineralization is erratic. It is found along fracture plane surfaces and with irregular quartz-calcite veinlets, less commonly it occurs within amygdules or is otherwise locally disseminated or bedded. The mineralization tends to be more concentrated where fracture density is high.

Geology of the Quadra Copper showings and the regional geological setting of the claims show a strong similarity to the Kennecott Mine and region in Alaska where, in the early part of the twentieth century, unique deposits, noted for their large bodies of rich chalcocite ore were mined. In the Jambor and Bonanza mines the ore was found near the contact of the underlying Nikolai Greenstone and the

22


overlying Chitistone Limestone Formations that bear a striking resemblance to the Karmutsen Formation and the overlying Quatsino Formation. The ore was of two types;

(1) Wide, steeply dipping replacement veins in the limestone striking normal to the bedding and the contact zone.

(2) “Flat” ore or tabular bedding replacements near or at the top of the Nicolai Greenstones.

QUADRA COPPER PROPERTY MAP

The Quatsino Limestone Formation, and thus the potential for the first type of ore deposits, is missing on the Quadra Copper Property. The high grade copper mineralization of both Kennicott ore body types probably originated within syngenetic copper mineralization of the Nicolai Greenstones. Copper mineralization similar to type (2) is found within the Karmutsen Formation on the Quadra property. The style of mineralization on the Quadra Copper Property has been defined as volcanogenic redbed copper.

There has been much exploration and small-scale mining of the copper-silver deposits on the Quadra Copper Property from 1906 to the 1990’s. Descriptions of the most significant showings, including the resources calculated by previous geologists and engineers as documented in the British Columbia Government Minfile, follow.

EXPLORATION HISTORY AND PREVIOUS OPERATIONS

There has been much exploration and small-scale mining of the copper-silver deposits on the Quadra Copper Property from 1906 to the 1990’s. Descriptions of the most significant showings, including

23


the resources calculated by previous geologists and engineers as documented in the British Columbia Government Minfile, follow.

The first recorded mining on the western side of Quadra Island was in 1906 and 1907, when a high-grade zone from the Copper Cliff deposit (BC Minfile #092K 012) was mined from an adit in the cliff face and shipped to a smelter in Ladysmith. Between 1915 and 1919, ore from the Pomeroy area (092K 071, 072, 104, 119) was mined by the Valdez Copper Company and shipped to the smelter at Anyox. Samples from the Senator (092K 052) claim in the Pomeroy area were tested for radium in 1922. In 1929, Hercules Consolidated Mining Smelting and Power Company acquired the Pomeroy area as the Hercules 1 to 10 claims.

In 1930, carnotite was identified from a sample from the property, however, its presence was not confirmed by other investigators. Between 1952 and 1953, Dodge Copper Mines drilled 145 drillholes totaling 2,682m on various occurrences. In 1964, mining was conducted from a shallow pit on the Beaver occurrence (092K 073). Lonrho Explorations mined and heap leached ore from the Pomeroy 1 (092K 072) occurrence in 1968 and 1969.

Between 1970 and 1979, Western Mines, Prince Stewart Mines, Quadra Mining and Quadra Bell Mining held portions of the area. During this period, E.P. Sheppard discovered and mined the Copper Bell deposit (092K 105). In 1990, G.M. Ford identified the area as containing significant copper reserves that may not have been adequately explored and staked the CCT, MCT and BN claims. They were subsequently optioned to Mintek Resources Ltd. who conducted a photometric analysis of the claim area. The Quadra Copper Property contains at least 12 known mines and prospects and has been owned and explored by Laird Exploration Ltd. since 2003.

PROPOSED PROGRAM OF EXPLORATION

A proposed work program includes construction of a control grid, geological mapping and rock sampling, a soil and silt geochemical sampling program, IP geophysical survey, and rock trenching. Based on a compilation of these results, a diamond drill program will be designed to explore and define the potential resources. The following development program is designed to test the property for potentially mineable copper deposits using locally proven geological concepts and exploration techniques.

There is good potential for discovering more substantial deposits of both high grade and lower grade massive sulphide mineralization on the Quadra Copper Property. The possibility of a large low-grade ore body containing silver and vanadium credits should be considered in the exploration of the property. For a property-wide exploration program the Company plans to include:

  Ø 
Construction of a picketed control grid including a 3,000m baseline oriented north along the centerline of the Pomeroy 1-4 occurrences with east-west grid lines spaced 100m apart and map-sample stations every 25m apart.
  Ø 
Construction of a similar grid oriented north-south at the Copper Cliff Mine.
  Ø 
Geological mapping and sampling of all known past production, prospect and showing areas.
  Ø 
A soil and silt geochemical sampling program over the entire grid.
  Ø 
IP geophysics over selected parts of the grid.
  Ø 
Anomalous results will be used to guide both a machine trenching program and a diamond-drilling program.

COST ESTIMATES OF EXPLORATION PROGRAMS

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The anticipated costs of this development are presented in three results-contingent stages.

Phase 1      
       
Reconnaissance geological mapping, prospecting and rock sampling.   $25,000.00
       
Phase 2      
Detailed geological mapping and rock sampling, grid construction, soil and silt geochemical survey, induced Polarisation survey, establish drill and trenching targets.   $75,000.00
       
Phase 3      
       

1000 metres of diamond drilling including geological supervision, assays, report and other
ancillary costs.

  $150,000.00
       
Total   $250,000.00  

OVERVIEW OF COPPER

Copper is a reddish-colored metal, with a high electrical and thermal conductivity (among pure metals at room temperature, only silver has a higher electrical conductivity). Copper occupies the same family of the periodic table as silver and gold; hence it shares many characteristics with these metals (thermal and electrical conductivity are two characteristics). In the periodic table, it has the symbol Cu and atomic number 29. It is a ductile metal and finds extensive use as an electrical conductor, a building material and as a component of various alloys. Because of its properties of high ductility, malleability, thermal and electrical conductivity and its resistance to corrosion, copper has become a major industrial metal, ranking third after iron and aluminum in terms of quantities consumed.

Copper was known to some of the oldest civilizations on record and has a history of use that is at least 10,000 years old. A copper pendant was found in what is now northern Iraq that dates to 8700 BC. By 5000 BC, there are signs of copper smelting, the refining of copper from simple copper oxides such as malachite or azurite. The earliest signs of gold use, by contrast, appear around 4000 BC. There are copper and bronze artifacts from Sumerian cities that date to 3000 BC, and Egyptian artifacts in copper and copper alloyed with tin nearly as old. In one pyramid, a copper plumbing system was found that is 5000 years old.

The Egyptians found that adding a small amount of tin made the metal easier to cast, so bronze alloys were found in Egypt almost as soon as copper was found. Use of copper in ancient China dates to at least 2000 BC. By 1200 BC excellent bronzes were being made in China. In Europe, Oetzi, the Iceman, a well-preserved male dated to 3200 BC, was found with a copper-tipped axe whose metal was 99.7% pure. High levels of arsenic in his hair suggests he was involved in copper smelting. Brass, an alloy of zinc and copper, was known to the Greeks but first used extensively by the Romans.

Copper is usually found in nature in association with sulfur. Pure copper metal is generally produced from a multistage process, beginning with the mining and concentrating of low-grade ores containing copper sulfide minerals and followed by smelting and electrolytic refining to produce a pure copper cathode. An increasing share of copper is produced from acid leaching of oxidized ores.

Copper has a wide range of uses, but the value of the metal is influenced by the value of its applications, the many finished products of which copper is an essential element. Electrical uses for

25


copper include power transmission and generation, building wiring, telecommunication, and electrical and electronic products, all of which accounts for about three quarters of total copper use. Building construction is the single largest market, followed by electronics and electronic products, transportation, industrial machinery, and consumer and general products. Copper byproducts from manufacturing and obsolete copper products are readily recycled and contribute significantly to copper supply.

Building construction accounts for more than 46% of all copper consumed. The average single family home requires approximately 439 pounds of copper. Some 80% of the copper that is used in construction is for plumbing and wiring. The average car built in the U.S. has more than 50 pounds of copper, with some 80% of that used in a car’s electrical components. The trend toward both larger cars with more electronics and gas/electric hybrid vehicles means significantly more copper usage than with conventional cars. Electrical and electronic products like TV's, telephones, and microwave ovens use 23% of all copper consumed in the U.S.

The price of copper has more than doubled in the past year. A year ago, copper was trading at $1.80, three times the $0.60 level at which it traded in 2001. The reason that the price of copper has risen is that demand for copper has surpassed the ability of the mining industry to deliver metal. Low stocks in LME and Comex warehouses, huge demand from China for everything from cars to domestic appliances and telecommunications, have contributed to a supply shortage.

China’s booming economy is one source that is driving demand. According to AME Mineral Economics, in the last six years, China’s compound annual growth in copper demand has been 14.5% . Although AME says that this cannot be sustained, the longer-term growth rate is still expected to be more than 5-6%. China is certainly an important component in demand growth, but economic growth around the world has also contributed to the rise in the price of copper. While demand for copper remains strong, the high price has also helped to suppress demand. Resultantly, any lowering of the copper price may see demand coming from new sources.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to conduct all mineral exploration activities in accordance with Provincial and Federal government regulations. Such operations are subject to various laws governing land use, the protection of the environment, production, exports, taxes, labor standards, occupational health, waste disposal, toxic substances, well safety and other matters. Unfavorable amendments to current laws, regulations and permits governing operations and activities of resource exploration companies, or more stringent implementation thereof, could have a materially adverse impact and cause increases in capital expenditures which could result in a cessation of operations.

EMPLOYEES

At present, we have no employees other than our sole Officer who provides services on a consultant basis. We anticipate that we will be conducting most of our business through agreements with consultants and third parties.

MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the notes to those statements included elsewhere in this prospectus. In addition to the historical consolidated financial information, the following discussion and analysis contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking

26


statements as a result of certain factors, including those set forth under "Risk Factors" and elsewhere in this prospectus.

PLAN OF OPERATIONS

Our plan of operations for the next twelve months is to proceed with the exploration of the Spring Creek Mine Property to determine whether there is any potential for copper on the properties that comprise the mineral claims. We have decided to proceed with the exploration program recommended by the geological report. We anticipate that the three phases of the recommended geological exploration program will cost approximately $25,000, $75,000.00 and $150,000 respectively. We had $9,145 in cash reserves as of May 31, 2006.

We anticipate that we will incur all of the following expenses provided that we execute all three phases of our exploration program:

  Ø  $875.00 to be paid to the Federal government to keep the claims valid;
  Ø  $25,000.00 in connection with the completion of Phase 1 of our planned geological work program;
  Ø  $75,000.00 in connection with the completion of Phase 2 of our planned geological work program;
  Ø  $150,000 for Phase 3 of our planned geological work program; and
  Ø  $10,000 for operating expenses, including professional legal and accounting expenses associated with compliance with the periodic reporting requirements after we become a reporting issuer under the Securities Exchange Act of 1934, but excluding expenses of the offering.

If we determine not to proceed with further exploration of our mineral claims due to a determination that the results of our initial geological program do not warrant further exploration or due to an inability to finance further exploration, we plan to pursue the acquisition of an interest in other mineral claims. We anticipate that any future acquisition would involve the acquisition of an option to earn an interest in a mineral claim as we anticipate that we would not have sufficient cash to purchase a mineral claim of sufficient merit to warrant exploration. This means that we might offer shares of our stock to obtain an option on a property. Once we obtain an option, we would then pursue finding the funds necessary to explore the mineral claim by one or more of the following means: engaging in an offering of our stock; engaging in borrowing; or locating a joint venture partner or partners.

RESULTS OF OPERATIONS

The accompanying financial statements show that the Company has incurred a net loss of $20,855 for the period from May 11, 2006 (inception) to May 31, 2006 and has not yet generated any revenues that can offset operating expenses. We anticipate that we will not earn revenues until such time as we have entered into commercial production, if any, of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties.

LIQUIDITY AND CAPITAL RESOURCES

At May 31, 2006, our cash totaled $9,145 at the end of the period. Since our inception on May 11, 2006, to the end of the period May 31, 2006, we have incurred a loss of $20,855. We attribute our net loss to having no revenues to offset our operating expenses. Net cash used in operating activities was $20,855 for the period ended May 31, 2006. At May 31, 2006, we had an accumulated deficit of $20,855.

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From our inception on May 11, 2006 to the end of the period May 31, 2006, net cash provided by investing activities totaled $30,000. Of the $30,000 in net cash provided by investing activities, $10,000 was derived from the issuance of common stock and $20,000 was derived from additional paid-in capital. For the period ended May 31, 2006, net cash used in the purchase of Spring Creek’s Quadra Copper property was $20,000.

Based on our current operating plan, we do not expect to generate revenue that is sufficient to cover our expenses for at least the next twelve months. In addition, we do not have sufficient cash and cash equivalents to execute our operations for at least the next twelve months. We will need to obtain additional financing to operate our business for the next twelve months. We will raise the capital necessary to fund our business through a private placement and public offering of our common stock. Additional financing, whether through public or private equity or debt financing, arrangements with shareholders or other sources to fund operations, may not be available, or if available, may be on terms unacceptable to us. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital. If we issue additional equity securities to raise funds, the ownership percentage of our existing shareholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of our common stock. Debt incurred by us would be senior to equity in the ability of debt holders to make claims on our assets. The terms of any debt issued could impose restrictions on our operations. If adequate funds are not available to satisfy either short or long-term capital requirements, our operations and liquidity could be materially adversely affected and we could be forced to cease operations.

We are bearing all costs relating to the registration of the common stock, which are estimated at $10,000. The selling shareholder, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.

We are paying the expenses of the offering because we seek to (i) become a reporting company with the Commission under the Securities Exchange Act of 1934 (the "1934 Act"); and (ii) enable our common stock to be traded on the OTC Bulletin Board. We believe that the registration of the resale of shares on behalf of our existing shareholder may facilitate the development of a public market in our common stock if our common stock is approved for trading on the OTC Bulletin Board.

DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES

Information about our sole Executive Officer and Director follows:

NAME AGE POSITION AND TERM OF OFFICE
     
Mr. Jagjit Jay Sidhu 41 President, Secretary, Treasurer and Director

Our Bylaws provide for a Board of Directors ranging from 1 to 9 members, with the exact number to be specified by the board. All Directors hold office until the next annual meeting of the shareholders following their election and until their successors have been elected and qualified. The Board of Directors appoints Officers. Officers hold office until the next annual meeting of our Board of Directors following their appointment and until their successors have been appointed and qualified.

Set forth below is a brief description of the recent employment and business experience of our sole Executive Officer and Director:

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Mr. Jagjit Jay Sidhu, President, Secretary, Treasurer and Director. In 1988, Mr. Sidhu completed a bachelor degree in Business Administration from Simon Fraser University in Burnaby, British Columbia. His areas of concentration were finance, marketing and organizational behavior. In 1996, Mr. Sidhu became a partner in a Vancouver restaurant. Mr. Sidhu also worked as the Assistant Manager of a Credit Union, wherefrom he proceeded to tax assessment at Revenue Canada. From 1990 to 2004 Mr. Sidhu was employed with a large financial services company, where he developed and managed a large client base, including personal and company portfolios. As a branch manager, Mr. Sidhu was responsible for assessing securities trades for suitability and risk for each client and overlooking a sales team which exceeded 20 sales representatives for compliance and due diligence. In 2004, Mr. Sidhu began working for SNJ Capital, a private venture capital firm. His duties consisted of raising capital for a new startup companies with innovative products, services and technologies through private and corporate funding.

REMUNERATION OF DIRECTORS AND EXECUTIVE OFFICERS

The following table sets forth the remuneration of our sole director and officer for the period from inception through May 31, 2006:


NAME OF INDIVIDUAL
CAPACITIES IN WHICH
REMUNERATION WAS RECEIVED
AGGREGATE
REMUNERATION

Jagjit Jay Sidhu

Sole Executive Officer

$0

We have no employment agreements with our sole Executive Officer. We do not pay compensation to our Director for attendance at meetings. The Company reimburses the Director for reasonable expenses incurred during the course of their performance.

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS

The following table lists the share ownership of persons who, as of the date of this prospectus owned of record or beneficially, directly or indirectly, more than five percent (5%) of the outstanding common stock, and our sole Executive Officer and Director:

NAME AND
ADDRESS OF
OWNER
SHARES
OWNED
PRIOR TO
OFFERING
SHARES TO BE
OFFERED FROM
SELLING
SHAREHOLDER'S
ACCOUNT
SHARES TO BE
OWNED UPON
COMPLETION
OF OFFERING
PERCENTAGE OF
CLASS(1)
BEFORE OFFERING AFTER OFFERING
Mr. Jagjit Jay Sidhu (2)
12684 – 70 A Avenue
Surrey, British
Columbia
V3W 2J4
10,000,000 2,500,000 7,500,000 100% 75%

  (1)

This table is based on 10,000,000 shares of common stock outstanding

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  (2)

As of the date of this prospectus, Mr. Jagjit Jay Sidhu is our only shareholder.

INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS

As of the date of this prospectus, other than the transaction described above, there are no, and have not been since inception, any material agreements or proposed transactions, whether direct or indirect, with any of the following:

  Ø  our sole Director or Executive Officers;
  Ø  any nominee for election as a Director;
  Ø 
any principal security holder identified in the preceding "Security Ownership of Selling Shareholder and Management" section; or
  Ø  any relative or spouse, or relative of such spouse, of the above referenced persons.

SECURITIES BEING OFFERED

We are authorized to issue up to 75,000,000 shares of common stock, par value $0.001 per share, and we are not authorized to issue preferred stock.

Common Stock

The holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the shareholders. We do not have cumulative voting rights in the election of directors, and accordingly, holders of a majority of the voting shares are able to elect all of the directors.

Subject to preferences that may be granted, any holders of common stock are entitled to receive ratably such dividends as may be declared by the our sole director out of funds legally available therefore as well as any distributions to the shareholders. We have never paid cash dividends on our common stock, and do not expect to pay such dividends in the foreseeable future.

In the event of a liquidation, dissolution or winding up of our company, holders of common stock are entitled to share ratably in all of our assets remaining after payment of liabilities. Holders of common stock have no preemptive or other subscription or conversion rights. There are no redemption or sinking fund provisions applicable to the common stock.

Transfer Agent And Registrar

West Coast Stock Transfer Inc., 850 W. Hastings, Suite 302, Vancouver, B.C. V6C 1E1, serves as the transfer agent and registrar for our common stock.

SEC POSITION ON INDEMNIFICATION

Our bylaws provide that each officer and director of our company shall be indemnified by us against all costs and expenses actually and necessarily incurred by him or her in connection with the defense of any action, suit or proceeding in which he or she may be involved or to which he or she may be made a party by reason of his or her being or having been such director or officer, except in relation to matters as to which he or she has been finally adjudged in such action, suit or proceeding to be liable for negligence or misconduct in the performance of duty.

The indemnification provisions of our bylaws diminish the potential rights of action, which might otherwise be available to shareholders by affording indemnification against most damages and

30


settlement amounts paid by a director in connection with any shareholders derivative action. However, there are no provisions limiting the right of a shareholder to enjoin a director from taking actions in breach of his fiduciary duty, or to cause the Company to rescind actions already taken, although as a practical matter courts may be unwilling to grant such equitable remedies in circumstances in which such actions have already been taken. Also, because the Company does not presently have directors' liability insurance and because there is no assurance that we will procure such insurance or that if such insurance is procured it will provide coverage to the extent our sole director, and directors that may be elected in the future, would be indemnified under the provisions, we may be forced to bear a portion or all of the cost of the director's claims for indemnification under such provisions. If we are forced to bear the costs for indemnification, the value of our stock may be adversely affected.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.

LEGAL MATTERS

Aaron D. McGeary, Attorney will pass upon certain matters relating to the legality of the common stock offered hereby for us.

EXPERTS

Our financial statements from inception May 11, 2006 through May 31, 2006 and the period then ended have been audited by MOORE & ASSOCIATES, chartered accountants, as set forth in its report. The financial statements have been included in reliance upon the authority of MOORE & ASSOCIATES as experts in accounting and auditing.

AVAILABLE INFORMATION

We have not previously been subject to the reporting requirements of the Securities and Exchange Commission. We have filed with the Commission a registration statement on Form SB-1 under the Securities Act with respect to the shares offered hereby. This prospectus does not contain all of the information set forth in the registration statement and the exhibits and schedules thereto. For further information with respect to our securities and us you should review the registration statement and the exhibits and schedules thereto. Statements made in this prospectus regarding the contents of any contract or document filed as an exhibit to the registration statement are not necessarily complete. You should review the copy of such contract or document so filed.

You can inspect the registration statement and the exhibits and the schedules thereto filed with the commission, without charge, at the office of the Commission at Judiciary Plaza, 100 F. St. N.W., Washington, D.C. 20549. You can also obtain copies of these materials from the public reference section of the commission at 100 F. St. N.W., Washington, D.C. 20549, at prescribed rates. You can obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The Commission maintains a web site on the Internet that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the Commission at HTTP://WWW.SEC.GOV.

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REPORTS TO SHAREHOLDERS
As a result of filing the registration statement, we are subject to the reporting requirements of the federal securities laws, and are required to file periodic reports and other information with the SEC. We will furnish our shareholders with annual reports containing audited financial statements certified by independent public accountants following the end of each fiscal year and quarterly reports containing unaudited financial information for the first three quarters of each fiscal year following the end of such fiscal quarter.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

MOORE & ASSOCIATES, CHARTERED
                  ACCOUNTANTS AND ADVISORS
                          PCAOB REGISTERED

To the Board of Directors
Spring Creek Capital Corp (A Development Stage Company)
Las Vegas, Nevada

We have audited the accompanying balance sheet of Spring Creek Capital Corp (A Development Stage Company) as of May 31, 2006, and the related statements of operations, stockholders’ equity and cash flows from inception May 11, 2006 through May 31, 2006 and the period then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Spring Creek Capital Corp (A Development Stage Company) as of May 31, 2006 and the results of its operations and its cash flows from inception May 11, 2006 through May 31, 2006 and the period then ended, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company’s net losses and accumulated deficit of $20,855 as of May 31, 2006 raise substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Moore & Associates, Chartered

Moore & Associates Chartered
Las Vegas, Nevada
June 15, 2006

2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146 (702) 253-7511 Fax (702) 253-7501

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SPRING CREEK CAPITAL CORP.
(A development stage company)
Balance Sheet

  May 31  
    2006  
ASSETS      
Current Assets      
Cash and Equivalents   9,145  
Total Current Assets   9,145  
       
Fixed Asstes      
Total Fixed Assets   0  
       
       
Total Assets   9,145  
       
LIABILITIES      
Current Liabilities   0  
Accounts payable   0  
Total Current Liabilities   0  
       
Long term Liabilities   0  
       
Total Liabilities   0  
       
EQUITY      
75,000,00 Common Shares Authorized, 10,000,000      
Shares Issued at Founders, @ $0.003 Per Share   10,000  
Additional Paid-in Capital   20,000  
Retained Earnings (Loss)   (20,855 )
Total Stockholders Equity   9,145  
       
       
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY   9,145  

The accompanying notes are an integral part of these financial statements.

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SPRING CREEK CAPITAL CORP.
(A development stage company)
Income Statement

    Period ended May 31  
    2006  
Revenue   0  
Expenses      
Accounting & Legal Fees   0  
Incorporation   855  
Total Expenses   855  
Other income (expenses)      
Recognition of an Impairment Loss      
(Mineral Claims)   20,000  
Net Income (Loss)   (20,855 )
Basic & Diluted (Loss) per Share   (0.002 )
       
Weighted Average Number of Shares   10,000,000  

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SPRING CREEK CAPITAL CORP.
STATEMENT OF STOCKHOLDER’S EQUITY
(A development stage company)
From Inception ( May 11, 2006) to May 31, 2006

    Common Stock           Deficit     Total  
    Shares     Amount     Paid in     Accumulated     Equity  
                Capital     During        
                      Development        
                      Stage        
Shares issued to founders at $0.003 per                              
share   10,000,000     10,000     20,000           30,000  
                               
Net (Loss) for period                     (20,855 )   (20,855 )
Balance, May 31, 2006   10,000,000     10,000     20,000     (20,855 )   9,145  

The accompanying notes are an integral part of these financial statements.

36


SPRING CREEK CAPITAL CORP.
(A development stage company)
Statement of Cash Flows

    Period ended May 31  
    2006  
Cash Flow From Operating Activities      
Net Income (Loss)   (20,855 )
Accounts Payable   0  
Net Cash from Operating Activities   (20,855 )
Net CashAfter Operating Activities.   (20,855 )
Cash Flow From Investing Activities   0  
Net Cash from Financing Activities   0  
       
Net Cash after Operating      
and Financial Activities   (20,855 )
       
Cash Flow from Financing Activities      
10,000,000 Common Shares Issued at Founders      
@ $0.003 Per Share   10,000  
Additional Paid-in Capital   20,000  
Net Cash from Investing Activities   30,000  
       
Net Cash After Operating, Financial      
and Investing Activities.   9,145  
       
Cash at Beginning of Period   0  
Cash at end of Period   9,145  

The accompanying notes are an integral part of these financial statements.

37


SPRING CREEK CAPITAL CORP.
(A development stage company)
Notes to the Financials Statements
May 31, 2006

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

The Company was incorporated under the laws of the State of Nevada on May 11, 2006.

The Company is engaged in the exploration of copper. Efforts to date have focused on the Quadra Copper Project.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Accounting Method

The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end.

b. Revenue Recognition

The Company recognizes revenue when persuasive evidence of an arrangement exists, goods delivered, the contract price is fixed or determinable, and collectibility is reasonably assured.

c. Income Taxes

The Company prepares its tax returns on the accrual basis. The Company has elected to file its taxes as a Limited Liability Company, whereby its profits and losses are passed through to its members. Accordingly, the Company does not pay or accrue income taxes. Also, the Company does not record an asset for the value of its net operating loss carry forwards.

d. Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

e. Assets

The Company’s assets are composed of cash and equivalents for $9,145 as of May 31, 2006.

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

    May 31  
    2006  
  ASSETS      
  Current Assets      
  Cash and Equivalents   9,145  
  Total Current Assets   9,145  
         
  Fixed Asstes      
  Total Fixed Assets   0  
         
         
  Total Assets   9,145  

Mineral Property

During the period from inception (May 11, 2006) to May 31, 2006, the Company purchased mining claims located in the Quadra Copper Property on Quadra Island in the Nanaimo Mining Division about 10 km north of Campbell River, Vancouver Island. It comprises two mineral claims containing 33 cell claim units totalling 683.743 hectares.

The anticipated costs of this development are presented in three results-contingent stages.

Phase 1
Reconnaissance geological mapping, prospecting and rock sampling for an estimated cost of $25,000.

Phase 2
Detailed geological mapping and rock sampling, grid construction, soil and silt geochemical survey, IP survey, establish drill and trenching targets for an estimated cost of $75,000.

Phase 3
1000 metres of diamond drilling including geological supervision, assays, report and other ancillary costs for $150,000, totalling $250,000.

f. Income

Income represents all of the company’s revenue less all its expenses in the period incurred. The Company has no revenues as of May 31, 2006 and has paid expenses for $20,855 during the same period, $855 representing incorporation costs and $20,000 in recognition of an impairment loss for the mineral claims.

In accordance with FASB/ FAS 142 option 12, paragraph 11 “Intangible Assets Subject to Amortization”, a recognized intangible asset shall be amortized over its

39



NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

useful life to the reporting entity unless that life is determined to be indefinite. If an intangible asset has been has a finite useful life, but the precise length of that life is not known, that intangible asset shall be amortized over the best estimate of its useful life. The method of amortization shall reflect the attern in which the economic benefits of the intangible asset are consumed or otherwise used up. If that pattern cannot be reliable determined, a straight-line amortization method shall be used. An intangible asset shall not be written down or off in the period of acquisition unless it becomes impaired during that period.

    Period ended May 31  
    2006  
Expenses      
       
Accounting & Legal Fees   0  
Incorporation   855  
Total Expenses   855  
       
Other income (expenses)      
       
Recognition of an Impairment Loss      
(Mineral Claims)   20,000  
       
Net Income (Loss)   (20,855 )

g. Basic Income (Loss) Per Share

In accordance with SFAS No. 128-“Earnings Per Share”, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At May 31, 2006, the Company has no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.

    Period ended May 31  
    2006  
Net Income (Loss)   (20,855 )
Basic & Diluted (Loss) per Share   (0.002 )
W eighted Average Number of Shares   10,000,000  

40



NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

i. Cash and Cash Equivalents

For purposes of the statement of cash flows, the company considers all highly liquid investments purchased with maturity of three months or less to be cash equivalents.

  Cash and equivalents $ 9,145  

j. Liabilities

The company holds no current liabilities or long-term liabilities at the end of the period.

k. Share Capital

a) Authorized:

75,000,000 common shares with a par value of $0.001

b) Issued:

As of May 31, 2006 the number of issued outstanding common shares was 10,000,000 with a value of $0.003 per share.

The Company has no stock option plan, warrants or other dilutive securities.

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. However, the Company has accumulated a loss and is new. This raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

As shown in the accompanying financial statements, the Company has incurred a net (loss) of $20,855 for the period from May 11, 2006 (inception) to May 31, 2006 and has not generated any revenues. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of acquisitions. Management has plans to seek additional capital through a private placement and public offering of its common stock. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

41


No dealer, salesman or any other person has been authorized to give any quotation or to make any representations in connection with the offering described herein, other than those contained in this prospectus. If given or made, such other information or representation, must not be relied upon as having been authorized by the Company or by any underwriter. This prospectus does not constitute an offer to sell, or a solicitation of an offer to buy any securities offered hereby in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.

DEALER PROSPECTUS DELIVERY OBLIGATION

Until __________________ (90th day after the later of (1) the effective date of the registration statement or (2) the first date on which the securities are offered publicly), all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

PART II - INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 1. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

Section 78.7502 of the Nevada Revised Statutes and Article VII of our Articles of Incorporation permit us to indemnify our officers and directors and certain other persons against expenses in defense of a suit to which they are parties by reason of such office, so long as the persons conducted themselves in good faith and the persons reasonably believed that their conduct was in our best interests or not opposed to our best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. See our Articles of Incorporation filed as Exhibit 2.1 to this registration statement.

Indemnification is not permitted in connection with a proceeding by us or in our right in which the officer or director was adjudged liable to us or in connection with any other proceeding charging that the officer or director derived an improper personal benefit, whether or not involving action in an official capacity.

ITEM 2. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.

The expenses to be paid by us in connection with the securities being registered are as follows:

    AMOUNT  
Securities and Exchange Commission Registration Fee $  100  
Accounting Fees and Expenses   3,000  
Legal Fees and Expenses   6,500  
Transfer Agent and Registrar Fees and Expenses   250  
Printing Expenses   100  
Miscellaneous Expenses   50  
     
Total $  10,000*  

------------------
*Estimated amount

ITEM 3. UNDERTAKINGS.

The Company hereby undertakes to:

42


1)      File, during any period in which it offers or sells securities, a post-effective amendment to this registration statement to:

i)      Include any prospectus required by section 10(a)(3) of the Securities Act; and

ii)     Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information in the registration statement; and notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b)) if, in the aggregate, the changes in the volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

iii)    Include any additional or changed material information on the plan of distribution.

provided, however, that paragraphs (i) and (ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or Section 14(d) of the Securities Exchange Act of 1934;

2)      That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

3)      To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering;

4)      That, for the purpose of determining liability of the undersigned small business issuer under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned small business issuer undertakes that in a primary offering of securities of the undersigned small business issuer pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned small business issuer will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i)     Any preliminary prospectus or prospectus of the undersigned small business issuer relating to the offering required to be filed pursuant to Rule 424 of Regulation C of the Securities Act;

(ii)    Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned small business issuer or used or referred to by the undersigned small business issuer;

(iii)   The portion of any other free writing prospectus relating to the offering containing material information about the undersigned small business issuer or its securities provided by or on behalf of the undersigned small business issuer; and

(iv)    Any other communication that is an offer in the offering made by the undersigned small business issuer to the purchaser.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the small business issuer pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and

43


Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.

In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

ITEM 4. UNREGISTERED SECURITIES ISSUED OR SOLD WITHIN ONE YEAR.

The Company issued 10,000,000 shares to the Company's founder Jagjit Jay Sidhu. The Company relied upon the exemption from registration contained in Section 4(2) of the Securities Act of 1933.

ITEM 5. INDEX TO EXHIBITS.

REGULATION  
S-B NUMBER EXHIBIT
   
   
3.1

Articles of Incorporation **

3.2

Bylaws **

5.1

Consent and Opinion Aaron D. McGeary, Attorney *

10.1

Agreement Quadra Copper Mine, dated May 11, 2006 **

23.1

Consent of Moore & Associates Chartered Accountants, dated June 15, 2006 *

* Filed Herewith
** Incorporated by reference to the Company’s registration statement on Form SB-1, filed with the Securities Commission on June 22,2006.

ITEM 6. DESCRIPTION OF EXHIBITS.

See item 5 above

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SIGNATURES

In accordance with the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements of filing on Form SB-1 and authorized this registration statement to be signed on its behalf by the undersigned, in the city of Vancouver, Province of British Columbia, on July 12, 2006.

  SPRING CREEK CAPITAL CORP.
   
   
  By: /s/ JAGJIT JAY SIDHU
  Jagjit Jay Sidhu, President, Secretary, Treasurer and
  Director (Principal Executive Officer and Principal
  Acounting Officer)

In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following person in the capacities and on the dates stated.

SIGNATURE   TITLE DATE
       
By: /s/ JAGJIT JAY SIDHU   President, Secretary, Treasurer July 12, 2006
Jagjit Jay Sidhu   and Director (Principal Executive  
    Officer and Principal Acounting Officer)  

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