item 14 principal accountant fees services board directors directly responsible interviewing retaining independent accountant considering accounting firms independence effectiveness preapproving engagement fees compensation paid services conducted independent accountant board delegate responsibilities 2009 2008 fiscal years board directors preapproved 100 services described total fees charged company audit services including interim reviews 8900 auditrelated services nil tax services nil services nil year ended november 30 2009 year ended november 30 2008 total fees charged company audit services including interim reviews 7500 auditrelated services nil tax services 500 services nil item 15 item 14 principal accountant fees services board directors directly responsible interviewing retaining independent accountant considering accounting firms independence effectiveness preapproving engagement fees compensation paid services conducted independent accountant board delegate responsibilities 2009 2010 fiscal years board directors preapproved 100 services described total fees charged company audit services including interim reviews 9200 auditrelated services nil tax services nil services nil year ended november 30 2010 year ended november 30 2009 total fees charged company audit services including interim reviews 8900 auditrelated services nil tax services 500 services nil item 15 item 14 principal accountant fees services board directors directly responsible interviewing retaining independent accountant considering accounting firms independence effectiveness preapproving engagement fees compensation paid services conducted independent accountant board delegate responsibilities 2010 2011 fiscal years board directors preapproved 100 services described total fees charged company audit services including interim reviews 10000 auditrelated services nil tax services nil services nil year ended november 30 2011 year ended november 30 2010 total fees charged company audit services including interim reviews 9200 auditrelated services nil tax services nil services nil item 15 item 7 management’s discussion analysis financial condition results opertions generated revenues since inception incurred 85448 expenses november 30 2009 following table provides selected financial data company years ended november 30 2009 2008 cash provided financing activities year ended november 30 2009 0 cash provided financing since inception 40000 10000 sale shares officer 30000 resulting sale common stock 26 independent investors plan operation following discussion analysis read conjunction financial statements notes thereto included elsewhere form 10k except historical information contained herein discussion form 10k contains certain forwardlooking statements involve risks uncertainties statements plans objectives expectations intentions cautionary statements made form 10k read applicable related forwardlooking statements wherever appear form 10k companys actual results could differ materially discussed current cash balance 0 expect experience shortage funds sole director officer lending us funds enable us pay operating expenses formal binding commitments binding arrangements sole officer director advance loan funds terms regarding repayment loans capital contribution sole officer director continue advance us funds necessary enable us pay expenses able continue results operation still exploration stage generated revenues date incurred operating expenses 21163 twelve months ended november 30 2009 36493 twelve months ended november 7 2008 expenses consisted administrative expenses related status public company professional fees incurred connection preparation filing periodic reports expenses substantially higher period ended november 30 2008 2009 due 11718 consulting fees accrued connection change control company occurred january 21 2008 net loss inception november 30 2009 85448 auditors issued going concern opinion means substantial doubt continue ongoing business next twelve months unless obtain additional capital pay bills generated revenues anticipated become operating company assurance ever reach point liquidity capital resources cash balance november 30 2009 0 quarter ended august 31 2007 closed offering registered shares pursuant sb2 registration statement filed sec file number 333140143 became effective february 9 2007 total proceeds 30000 funds expended prior years point dependent advances sole officer director informally agreed advance funds allow us pay fees associated filing periodic reports correspondence shareholders sole officer director formal commitment arrangement legal obligation advance loan funds us sold total 40000 equity securities pay expenses offbalance sheet arrangements offbalance sheet arrangements plan operation result change control company occurred january 31 2008 management changed new officer director expects develop new business plan company continue previous business significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued company accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties previously secured exploration rights prior establishment proven probable reserves company never established commercial feasibility exploration prospects therefore costs expensed business abandoned company depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs charged expense incurred additions major renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income taxes company accounts income taxes accordance statement financial accounting standards 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments financial accounting standards statement 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments companys financial instruments consist primarily cash certain investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period item 8 item 7 management’s discussion analysis financial condition results opertions generated revenues since inception incurred 109776 expenses november 30 2010 following table provides selected financial data company years ended november 30 2009 2010 cash provided financing activities year ended november 30 2010 0 cash provided financing since inception 40000 10000 sale shares officer 30000 resulting sale common stock 26 independent investors plan operation following discussion analysis read conjunction financial statements notes thereto included elsewhere form 10k except historical information contained herein discussion form 10k contains certain forwardlooking statements involve risks uncertainties statements plans objectives expectations intentions cautionary statements made form 10k read applicable related forwardlooking statements wherever appear form 10k companys actual results could differ materially discussed current cash balance 0 expect experience shortage funds sole director officer lending us funds enable us pay operating expenses formal binding commitments binding arrangements sole officer director advance loan funds terms regarding repayment loans capital contribution sole officer director continue advance us funds necessary enable us pay expenses able continue results operation still exploration stage generated revenues date incurred operating expenses 25163 twelve months ended november 30 2009 24328 twelve months ended november 30 2010 expenses consisted administrative expenses related status public company professional fees incurred connection preparation filing periodic reports net loss inception november 30 2010 109776 auditors issued going concern opinion means substantial doubt continue ongoing business next twelve months unless obtain additional capital pay bills generated revenues anticipated become operating company assurance ever reach point liquidity capital resources cash balance november 30 2010 0 quarter ended august 31 2007 closed offering registered shares pursuant sb2 registration statement filed sec file number 333140143 became effective february 9 2007 total proceeds 30000 funds expended prior years point dependent advances sole officer director informally agreed advance funds allow us pay fees associated filing periodic reports correspondence shareholders sole officer director formal commitment arrangement legal obligation advance loan funds us sold total 40000 equity securities pay expenses offbalance sheet arrangements offbalance sheet arrangements plan operation result change control company occurred january 31 2008 management changed new officer director expects develop new business plan company continue previous business significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued company accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties previously secured exploration rights prior establishment proven probable reserves company never established commercial feasibility exploration prospects therefore costs expensed business abandoned company depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs charged expense incurred additions major renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income taxes company accounts income taxes accordance statement financial accounting standards 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments financial accounting standards statement 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period item 8 item 7 management’s discussion analysis financial condition results opertions generated revenues since inception incurred 134913 expenses november 30 2011 following table provides selected financial data company years ended november 30 2010 2011 cash provided financing activities year ended november 30 2011 0 cash provided financing since inception 40000 10000 sale shares officer 30000 resulting sale common stock 26 independent investors plan operation following discussion analysis read conjunction financial statements notes thereto included elsewhere form 10k except historical information contained herein discussion form 10k contains certain forwardlooking statements involve risks uncertainties statements plans objectives expectations intentions cautionary statements made form 10k read applicable related forwardlooking statements wherever appear form 10k companys actual results could differ materially discussed current cash balance 0 expect experience shortage funds sole director officer lending us funds enable us pay operating expenses formal binding commitments binding arrangements sole officer director advance loan funds terms regarding repayment loans capital contribution sole officer director continue advance us funds necessary enable us pay expenses able continue results operation still exploration stage generated revenues date incurred operating expenses 25137 twelve months ended november 30 2011 24328 twelve months ended november 30 2010 expenses consisted administrative expenses related status public company professional fees incurred connection preparation filing periodic reports net loss inception november 30 2011 134913 auditors issued going concern opinion means substantial doubt continue ongoing business next twelve months unless obtain additional capital pay bills generated revenues anticipated become operating company assurance ever reach point liquidity capital resources cash balance november 30 2011 0 quarter ended august 31 2007 closed offering registered shares pursuant sb2 registration statement filed sec file number 333140143 became effective february 9 2007 total proceeds 30000 funds expended prior years point dependent advances sole officer director informally agreed advance funds allow us pay fees associated filing periodic reports correspondence shareholders sole officer director formal commitment arrangement legal obligation advance loan funds us sold total 40000 equity securities pay expenses offbalance sheet arrangements offbalance sheet arrangements plan operation result change control company occurred january 31 2008 management changed new officer director expects develop new business plan company continue previous business significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued company accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties previously secured exploration rights prior establishment proven probable reserves company never established commercial feasibility exploration prospects therefore costs expensed business abandoned company depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs charged expense incurred additions major renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income taxes company accounts income taxes accordance statement financial accounting standards 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments financial accounting standards statement 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period item 8  item 8 financial statements supplementary data george stewart cpa south jackson street suite 101g seattle washington 98144 206 3288554 fax 206 3280383 report independent registered public accounting firm board directors wilson creek mining corp audited accompanying balance sheet wilson creek mining corp exploration stage company november 30 2009 2008 related statement operations stockholders’ equity cash flows years ended november 30 2009 2008 period september 20 2006 inception november 30 2009 financial statements responsibility company’s management responsibility express opinion financial statements based audit conducted audit accordance standards public company accounting oversight board united states standards require plan perform audit obtain reasonable assurance whether financial statements free material misstatement audit includes examining test basis evidence supporting amounts disclosures financial statements audit also includes assessing accounting principles used significant estimates made management well evaluating overall financial statement presentation believe audit provides reasonable basis opinion financial statements referred present fairly material respects financial position wilson creek mining corp exploration stage company november 30 2009 2008 results operations cash flows years ended november 30 2009 2008 september 20 2006 inception november 30 2009 conformity generally accepted accounting principles united states america accompanying financial statements prepared assuming company continue going concern discussed note 6 financial statements company operations established source revenue raises substantial doubt ability continue going concern management’s plan regard matters also described note 6 financial statements include adjustments might result outcome uncertainty george stewart seattle washington february 12 2010 wilson creek mining corp exploration stage company balance sheets see accompanying notes wilson creek mining corp exploration stage company statements operations see accompanying notes wilson creek mining corp exploration stage company statement changes stockholders equity september 20 2006 inception november 30 2009 wilson creek mining corp exploration stage company statements cash flows see accompanying notes wilson creek mining corp exploration stage company notes financial statements november 30 2009 2008 note 1 organization description business wilson creek mining corp company incorporated september 20 2006 laws state nevada prior january 31 2008 company primarily engaged acquisition exploration mining properties company realize revenue activities change control company occurred january 31 2008 result management company changed management expects develop new business plan company abandoned previous activity business note 2 summary significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued company accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties secured exploration rights prior establishment proven probable reserves date company establish commercial feasibility exploration prospects therefore costs expensed company abandoned activities wilson creek mining corp exploration stage company notes financial statements november 30 2009 2008 depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs expensed incurred note 2 summary significant accounting policies continued renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income taxes company accounts income taxes accordance statement financial accounting standards “sfas” 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments sfas 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments historically companys financial instruments consisted primarily cash certain investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period wilson creek mining corp exploration stage company notes financial statements november 30 2009 2008 note 3 provision income taxes provision income taxes period ended november 30 2009 2008 represents minimum state income tax expense company considered significant note 4 commitments contingencies litigation company presently involved litigation note 5 recently issued accounting pronouncements recently issued accounting pronouncements significant impact company reporting methods note 6 going concern future issuances company’s equity debt securities required order company continue finance operations continue going concern company’s present revenues insufficient meet operating expenses financial statements company prepared assuming company continue going concern contemplates among things realization assets satisfaction liabilities normal course business company incurred cumulative net losses 85448 since inception requires capital operations take place companys ability raise additional capital future issuances common stock unknown obtainment additional financing successful development contemplated business plan operations transition ultimately attainment profitable operations necessary company continue operations ability successfully resolve factors raise substantial doubt companys ability continue going concern financial statements company include adjustments may result outcome aforementioned uncertainties wilson creek mining corp exploration stage company notes financial statements november 30 2009 2008 note 7 related party transactions engin yesil sole officer director company involved business opportunities likely engage additional activities become available thus may face conflict selecting company business opportunities company formulated policy resolution conflicts company sought additional capital former officer mr woods advanced funds company pay costs incurred funds advanced interest free balance due mr woods 0 november 30 2008 november 30 2009 respectively mr engin yesil company’s sole officer director advanced company 16350 fiscal year ended november 30 2008 additional 16526 fiscal year ended november 30 2009 enable pay expenses incurred total amount advances amount 32876 remained outstanding november 30 2009 note 8 stock transactions employees’ stock issuances accordance paragraph 8 sfas 123 “share based payment” thus issuances shall accounted based fair value consideration received transactions employees’ stock issuances accordance paragraphs 1644 sfas 123 issuances shall accounted based fair value consideration received fair value equity instruments issued whichever readily determinable september 26 2006 company issued total 2000000 shares common stock one director cash amount 0005 per share total 10000 may 2 2007 company issued total 450000 shares common stock 4 individuals cash amount 002 per share total 9000 wilson creek mining corp exploration stage company notes financial statements november 30 2009 2008 june 19 2007 company issued total 1050000 shares common stock 23 individuals cash amount 002 per share total 21000 november 30 2009 company 3500000 shares common stock issued outstanding note 9 stockholders’ equity stockholders’ equity section company contains following classes capital stock november 30 2009 common stock 0001 par value 75000000 shares authorized 3500000 shares issued outstanding note 10 change control january 31 2008 pursuant stock purchase agreement robert woods sole officer director sold total 2000000 shares common stock tricon holdings llc florida limited liability company total consideration shares 75000 paid tricon holdings funds subsequent transactions tricon holdings acquired additional 1257000 shares common stock result transactions tricon holdings owns aggregate 93 shares issued outstanding common stock item 9 item 8 financial statements supplementary data george stewart cpa 316 17th avenue south seattle washington 98144 206 3288554 fax206 3280383 report independent registered public accounting firm board directors wilson creek mining corp audited accompanying balance sheet wilson creek mining corp exploration stage company november 30 2010 2009 related statement operations stockholders’ equity cash flows years ended period september 20 2006 inception november 30 2010 financial statements responsibility company’s management responsibility express opinion financial statements based audit conducted audit accordance standards public company accounting oversight board united states standards require plan perform audit obtain reasonable assurance whether financial statements free material misstatement audit includes examining test basis evidence supporting amounts disclosures financial statements audit also includes assessing accounting principles used significant estimates made management well evaluating overall financial statement presentation believe audit provides reasonable basis opinion financial statements referred present fairly material respects financial position wilson creek mining corp exploration stage company november 30 2010 november 30 2009 results operations cash flows years ended november 5 2007 inception november 30 2010 conformity generally accepted accounting principles united states america accompanying financial statements prepared assuming company continue going concern discussed note 6 financial statements company operations established source revenue raises substantial doubt ability continue going concern management’s plan regard matters also described note 6 financial statements include adjustments might result outcome uncertainty george stewart seattle washington february 16 2011 wilson creek mining corp exploration stage company balance sheets see accompanying notes wilson creek mining corp exploration stage company statements operations see accompanying notes wilson creek mining corp exploration stage company statement changes stockholders equity september 20 2006 inception november 30 2010 wilson creek mining corp exploration stage company statements cash flows see accompanying notes wilson creek mining corp exploration stage company notes financial statements november 30 2010 2009 note 1 organization description business wilson creek mining corp company incorporated september 20 2006 laws state nevada prior january 31 2008 company primarily engaged acquisition exploration mining properties company realize revenue activities change control company occurred january 31 2008 result management company changed management expects develop new business plan company abandoned previous activity business note 2 summary significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued wilson creek mining corp accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties secured exploration rights prior establishment proven probable reserves date company establish commercial feasibility exploration prospects therefore costs expensed company abandoned activities depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs expensed incurred additions major renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income wilson creek mining corp exploration stage company notes financial statements november 30 2010 2009 note 2 summary significant accounting policies continued income taxes company accounts income taxes accordance statement financial accounting standards “sfas” 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments sfas 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments historically companys financial instruments consisted primarily cash certain investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period note 3 provision income taxes provision income taxes period ended november 30 2010 november 30 2009 represents minimum state income tax expense company considered significant note 4 commitments contingencies litigation company presently involved litigation wilson creek mining corp exploration stage company notes financial statements november 30 2010 2009 note 5 recently issued accounting pronouncements recently issued accounting pronouncements significant impact company reporting methods note 6 going concern future issuances company’s equity debt securities required order company continue finance operations continue going concern company’s present revenues insufficient meet operating expenses financial statements company prepared assuming company continue going concern contemplates among things realization assets satisfaction liabilities normal course business company incurred cumulative net losses 109776 since inception requires capital contemplated operational marketing activities take place companys ability raise additional capital future issuances common stock unknown obtainment additional financing successful development contemplated business plan operations transition ultimately attainment profitable operations necessary company continue operations ability successfully resolve factors raise substantial doubt companys ability continue going concern financial statements company include adjustments may result outcome aforementioned uncertainties note 7 related party transactions engin yesil sole officer director company may future become involved business opportunities likely engage additional activities become available thus may face conflict selecting company business opportunities company formulated policy resolution conflicts company sought additional capital former officer mr woods advanced funds company pay costs incurred funds interest free balance due mr woods 0 november 30 2010 november 30 2009 respectively balance due mr engin yesil 34898 november 30 2010 wilson creek mining corp exploration stage company notes financial statements november 30 2010 2009 note 8 stock transactions employees’ stock issuance accordance paragraph 8 sfas 123 “share based payment” thus issuances shall accounted based fair value consideration received transactions employees’ stock issuances accordance paragraphs 1644 sfas 123 issuances shall accounted based fair value consideration received fair value equity instruments issued whichever readily determinable september 26 2006 company issued total 2000000 shares common stock one director cash amount 0005 per share total 10000 may 2 2007 company issued total 450000 shares common stock 4 individuals cash amount 002 per share total 9000 june 19 2007 company issued total 1050000 shares common stock 23 individuals cash amount 002 per share total 21000 november 30 2010 company 3500000 shares common stock issued outstanding note 9 stockholders’ equity stockholders’ equity section company contains following classes capital stock november 30 2010 common stock 0001 par value 75000000 shares authorized 3500000 shares issued outstanding note 10 change control january 31 2008 pursuant stock purchase agreement robert woods sole officer director sold total 2000000 shares common stock tricon holdings llc florida limited liability company total consideration shares 75000 paid tricon holdings funds subsequent transactions tricon holdings acquired additional 1257000 shares common stock result transactions tricon holdings owns aggregate 93 shares issued outstanding common stock note 11 subsequent events accordance asc 855 subsequent events company evaluated subsequent events since november 30 2010 period company material recognizable subsequent events item 9 item 8 financial statements supplementary data george stewart cpa 316 17th avenue south seattle washington 98144 206 3288554 fax206 3280383 report independent registered public accounting firm board directors wilson creek mining corp audited accompanying balance sheet wilson creek mining corp exploration stage company november 30 2011 2010 related statement operations stockholders’ equity cash flows years ended period september 20 2006 inception november 30 2011 financial statements responsibility company’s management responsibility express opinion financial statements based audit conducted audit accordance standards public company accounting oversight board united states standards require plan perform audit obtain reasonable assurance whether financial statements free material misstatement audit includes examining test basis evidence supporting amounts disclosures financial statements audit also includes assessing accounting principles used significant estimates made management well evaluating overall financial statement presentation believe audit provides reasonable basis opinion financial statements referred present fairly material respects financial position wilson creek mining corp exploration stage company november 30 2011 november 30 2010 results operations cash flows years ended november 5 2007 inception november 30 2011 conformity generally accepted accounting principles united states america accompanying financial statements prepared assuming company continue going concern discussed note 6 financial statements company operations established source revenue raises substantial doubt ability continue going concern management’s plan regard matters also described note 6 financial statements include adjustments might result outcome uncertainty george stewart seattle washington february 25 2012 wilson creek mining corp exploration stage company balance sheets see accompanying notes wilson creek mining corp exploration stage company statements operations see accompanying notes wilson creek mining corp exploration stage company statements cash flows see accompanying notes wilson creek mining corp exploration stage company notes financial statements november 30 2011 2010 note 1 organization description business wilson creek mining corp company incorporated september 20 2006 laws state nevada prior january 31 2008 company primarily engaged acquisition exploration mining properties company realize revenue activities change control company occurred january 31 2008 result management company changed management expects develop new business plan company abandoned previous activity business note 2 summary significant accounting policies basis presentation company reports revenue expenses using accrual method accounting financial tax reporting purposes use estimates management uses estimates assumptions preparing financial statements accordance generally accepted accounting principles estimates assumptions affect reported amounts assets liabilities disclosure contingent assets liabilities reported revenues expenses pro forma compensation expense stock options issued wilson creek mining corp accordingly pro forma compensation expense reported financial statements mineral property acquisition exploration costs company expensed costs related acquisition exploration mineral properties secured exploration rights prior establishment proven probable reserves date company establish commercial feasibility exploration prospects therefore costs expensed company abandoned activities depreciation amortization capitalization company records depreciation amortization appropriate using straightline declining balance methods estimated useful life assets five seven years expenditures maintenance repairs expensed incurred additions major renewals replacements increase propertys useful life capitalized property sold retired together related accumulated depreciation removed appropriate accounts resultant gain loss included net income wilson creek mining corp exploration stage company notes financial statements november 30 2011 2010 note 2 summary significant accounting policies continued income taxes company accounts income taxes accordance statement financial accounting standards “sfas” 109 accounting income taxes statement 109 liability method used whereby deferred tax assets liabilities determined based temporary differences basis used financial reporting income tax reporting purposes income taxes provided based tax rates effect time temporary differences expected reverse valuation allowance provided certain deferred tax assets likely company realize tax assets future operations fair value financial instruments sfas 107 disclosures fair value financial instruments requires company disclose reasonably attainable fair market values assets liabilities deemed financial instruments historically companys financial instruments consisted primarily cash certain investments purchased companies valued cost less impairment value temporary nature per share information company computes per share information dividing net loss period presented weighted average number shares outstanding period note 3 provision income taxes provision income taxes period ended november 30 2011 november 30 2010 represents minimum state income tax expense company considered significant wilson creek mining corp exploration stage company notes financial statements november 30 2011 2010 note 4 commitments contingencies litigation company presently involved litigation note 5 recently issued accounting pronouncements recently issued accounting pronouncements significant impact company reporting methods note 6 going concern future issuances company’s equity debt securities required order company continue finance operations continue going concern company’s present revenues insufficient meet operating expenses financial statements company prepared assuming company continue going concern contemplates among things realization assets satisfaction liabilities normal course business company incurred cumulative net losses 134913 since inception requires capital contemplated operational marketing activities take place companys ability raise additional capital future issuances common stock unknown obtainment additional financing successful development contemplated business plan operations transition ultimately attainment profitable operations necessary company continue operations ability successfully resolve factors raise substantial doubt companys ability continue going concern financial statements company include adjustments may result outcome aforementioned uncertainties note 7 related party transactions engin yesil sole officer director company may future become involved business opportunities likely engage additional activities become available thus may face conflict selecting company business opportunities company formulated policy resolution conflicts wilson creek mining corp exploration stage company notes financial statements november 30 2011 2010 company sought additional capital former officer mr woods advanced funds company pay costs incurred funds interest free balance due mr woods 0 november 30 2011 november 30 2010 respectively balance due mr engin yesil 51468 november 30 2011 note 8 stock transactions employees’ stock issuance accordance paragraph 8 sfas 123 “share based payment” thus issuances shall accounted based fair value consideration received transactions employees’ stock issuances accordance paragraphs 1644 sfas 123 issuances shall accounted based fair value consideration received fair value equity instruments issued whichever readily determinable september 26 2006 company issued total 2000000 shares common stock one director cash amount 0005 per share total 10000 may 2 2007 company issued total 450000 shares common stock 4 individuals cash amount 002 per share total 9000 june 19 2007 company issued total 1050000 shares common stock 23 individuals cash amount 002 per share total 21000 november 30 2011 company 3500000 shares common stock issued outstanding note 9 stockholders’ equity stockholders’ equity section company contains following classes capital stock november 30 2011 common stock 0001 par value 75000000 shares authorized 3500000 shares issued outstanding note 10 change control january 31 2008 pursuant stock purchase agreement robert woods sole officer director sold total 2000000 shares common stock tricon holdings llc florida limited liability company total consideration shares 75000 paid tricon holdings funds subsequent transactions tricon holdings acquired additional 1257000 shares common stock result transactions tricon holdings owns aggregate 93 shares issued outstanding common stock note 11 subsequent events accordance asc 855 subsequent events company evaluated subsequent events since november 30 2011 period company material recognizable subsequent events item 9 item 15 exhibits financial statements schedules financial statements required item provided item 8 report following exhibits included filing exhibit number description 3i articles incorporation 3ii bylaws code ethics 232 consent accounts use reports sec 302 certification ceocfo sec 906 certification ceocfo included sb2 filing commission file number 333140143 signatures accordance section 13 15d securities exchange act registrant caused report signed behalf undersigned thereunto duly authorized engin yesil engin yesil president date march 11 2010 principal executive officer principal financial officer principal accounting officer director item 15 exhibits financial statements schedules financial statements required item provided item 8 report following exhibits included filing exhibit number description 3i articles incorporation 3ii bylaws code ethics 232 consent accounts use reports sec 302 certification ceocfo sec 906 certification ceocfo included sb2 filing commission file number 333140143 included annual report form 10k filed securities exchange commission march 11 2010 signatures accordance section 13 15d securities exchange act registrant caused report signed behalf undersigned thereunto duly authorized engin yesil engin yesil president date february 24 2011 principal executive officer principal financial officer principal accounting officer director item 15 exhibits financial statements schedules financial statements required item provided item 8 report following exhibits included filing exhibit number description 3i articles incorporation 3ii bylaws code ethics sec 302 certification ceocfo sec 906 certification ceocfo included sb2 filing commission file number 333140143 included annual report form 10k filed securities exchange commission march 11 2010 signatures accordance section 13 15d securities exchange act registrant caused report signed behalf undersigned thereunto duly authorized engin yesil engin yesil president date march 14 2012 principal executive officer principal financial officer principal accounting officer director