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Organization and Basis of Presentation
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NOTE 1 - Organization and Basis of Presentation

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

 

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

 

The Company has undergone a change in management in November of 2010. In December 2010 the Company entered into a mining lease agreement (see Note 3).  In February 2011 the Company entered into another mining lease agreement (see Note 3).  There is no assurance, however, that the Company will achieve its goals or objectives in this venture.