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EX-23.1 - CONSENT OF DALE MATHESON CARR-HILTON LABONTE LLP - Unifunds Ltdexhibit23-1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM S-1/A
Amendment No. 2

Registration Statement under the Securities Act of 1933

INTERVIA INC.
(Exact name of registrant as specified in its charter)

Nevada 1040 N/A
(State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer
incorporation or organization) Classification Code Number) Identification Number)

3702 South Virginia Street, Suite G12-401 Reno, NV 89502
Telephone: 202.470.4608
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

With a copy to
1000 East William Street Suite 204Carson City, Nevada 89701
(Name, address, including zip code, and telephone number, including area code, of agent for service)

Approximate Date of Commencement of Proposed Sale to the Public: As soon as practicable after this Registration Statement is declared effective.

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, please 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, please check the following box and list the Securities Act Prospectus 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. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [ x ] 

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Title of Each Class of
Securities to be
Registered

Amount to be
Registered (1)


Proposed
Maximum
Offering Price
per Security (2)
($)
Proposed Maximum
Aggregate Offering
Price
($)
Amount of
Registration Fee
($)

Shares of Common
Stock, par value $0.001
9,600,000 $0.05
$ 4,800,000
$557.28

(1)

Represents shares of our common stock previously acquired by and issued to the Selling Shareholders in private transactions directly with the Company . All of these shares are offered by the Selling Shareholders.

   
(2)

Estimated for purposes of calculating the registration fee in accordance with Rule 457 of the Securities Act of 1933 and the price at which the selling security holders will be offering their shares.

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 Securities and Exchange Commission, acting pursuant to said section 8(a), may determine.

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PROSPECTUS

INTERVIA INC.
9,600,000 Shares of Common Stock

The date of this Prospectus is __________________, 2011.

INTERVIA INC. (``our Company“, ``we”, “us”, “our”) is registering 9,600,000 shares of common stock held by 8 selling security holders.

The selling security holders will sell at an initial price of $0.05 per share or, if a public market for our stock develops, at prevailing market prices established on on the OTC Bulletin Board at the time of sale, as applicable at the time of sale. Prior to this Offering, there has been no public market for our common stock. Our common stock was previously quoted on the OTC Bulletin Board on August 21, 2006 under the trading symbol “ITVA”. On June 19, 2009 our symbol was removed from the OTC Bulletin Board for failure to file periodic reports with the Securities and Exchange Commission. After the effective date of this registration statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority (“FINRA”) to have our common stock quoted on the OTC Bulletin Board. We currently have no market maker who is willing to list quotations for our stock. Even if we secure a market maker to list our stock for quotation, there is no assurance that an active trading market for our shares will develop or be sustained if developed. Purchasers may be receiving an illiquid security.

An investment in our securities is speculative. See the section entitled "Risk Factors" beginning on Page 10 of this Prospectus.

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 this Prospectus. Any representation to the contrary is a criminal offense.

The information in this Prospectus is not complete and may be changed. The selling security holders may not sell these securities until the registration statement that includes this Registration Statement is declared effective by the Securities and Exchange Commission. This Prospectus shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall the selling security holders sell any of these securities in any state where such an offer or solicitation would be unlawful before registration or qualification under such state's securities laws.

You should rely only on the information contained in this Prospectus. We have not authorized anyone to provide you with information different from that contained in this Prospectus. The selling shareholders are offering to sell, and seeking offers to buy, their common shares, only in jurisdictions where offers and sales are permitted. The information contained in this Prospectus is accurate only as of the date of this Prospectus, regardless of the time of delivery of this prospectus or of any sale of our common shares.

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TABLE OF CONTENTS

Prospectus Summary 5
Risk Factors 9
Use of Proceeds 13
Determination of Offering Price 13
Dilution 13
Selling Security Holders 13
Plan of Distribution 15
Description of Securities to be Registered 19
Interests of Named Experts and Counsel 20
Description of Business 20
Description of Property 22
Legal Proceedings 24
Market for Common Equity and Related Stockholder Matters 24
Financial Statements 25
Management's Discussion and Analysis of Financial Position and Results of Operations 26
Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 32
Directors and Executive Officers 33
Executive Compensation 38
Security Ownership of Certain Beneficial Owners and Management 40
Certain Relationships and Related Transactions 42
Disclosure of Commission Position on Indemnification of Securities Act Liabilities 42

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PROSPECTUS SUMMARY

This Prospectus, and any supplement to this Prospectus include “forward-looking statements”. To the extent that the information presented in this Prospectus discusses financial projections, information or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “intends”, “anticipates”, “believes”, “estimates”, “projects”, “forecasts”, “expects”, “plans” and “proposes”. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These include, among others, the cautionary statements in the “Risk Factors” section beginning on page 10 of this Prospectus and the “Management's Discussion and Analysis of Financial Position and Results of Operations” section elsewhere in this Prospectus.

Our Business

The address of our principal executive office is 3702 South Virginia Street, Suite G12-401, Reno, NV 89502. Our telephone number is (202) 470-4608.

We were incorporated in the State of Nevada on February 2, 2005. Our original business plan was to develop fuel cell technology and to produce fuel cells in China suitable for small vehicles, such as indoor forklifts, scooters, and personal watercraft, such as dive submersibles, that require a small sized fuel cell with longevity of use and silent operation. During fiscal 2008 we abandoned our original business plan because we were unable to raise sufficient financing. Following the abandonment of our original business plan, our management’s focus was the identification and evaluation new business and financing opportunities in an effort to ensure the survival of our Company and to preserve our shareholders’ investment in our common shares.

On July 15, 2010, we entered into an Option Agreement whereby we acquired the right to purchase a 100% interest in the Proteus Property located near Cobalt, Ontario, an area known historically for the mining of silver ore. The Proteus Property consists of three mineral claims comprised of nine units. In order to acquire the property pursuant to the agreement, we must make the following cash payments and incur the following amounts on exploration and development:

  a)

$25,000 upon the execution of the agreement (paid);

  b)

b) an additional $25,000 cash (paid) and incur $75,000 in exploration expenditures by July 15, 2011;

  c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

  d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

The Proteus Property is subject to a 2% Net Smelter Royalty, which our company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of entering into production. Pursuant to section 5.01 and 5.02 of the Option Agreement, we will hold the property in trust for the Optionor until the option is exercised or terminated. If we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, the Option Agreement will terminate and we will lose our right to acquire the property. As of July 18, 2011, we have paid $50,000 to the Optionor in respect of the first and second option payments. Although we have not satisfied $75,000 work requirement due by July 25, 2011, the Optionor has agreed to waive the deadline for completion of the work to be performed. We have secured the waiver by advancing an aggregate of $75,000 to the Optionor to be held in trust for the performance of our work obligations which are ongoing.

As a result of the Option Agreement for the Proteus Property, we became a mineral exploration company and presently endeavor to plan and implement an exploration program for the Proteus Property commencing in the fall of 2011. Currently, however, we maintain nominal operations and are seeking additional sources of financing or collaborators to further the development of our business plan. If we are unable to secure additional financing, we will be unable to develop or implement our new business plan, including our prospective exploration plan, and our business may fail. Furthermore, because our sole officer and director does not have experience in the mineral exploration industry or in the management of public companies, we will be at a disadvantage in relation to our competitors with respect to our ability to identify and implement sound strategies for the exploration of our property and for the development of our business, generally.

We are an exploration stage company, and there is no assurance that a commercially viable mineral reserve exists on our property. To date, we do not know if an economically viable mineral reserve exists on our property and there is no assurance that we will discover one. Even if we do discover a mineral reserve on our property, there can be no assurance that we will be able to develop our property into a producing mine and extract those resources. Both mineral exploration and development involve a high degree of risk and few properties which are explored are ultimately developed into producing mines.

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On January 12, 2011, we issued an aggregate of 12,000,000 shares of our common stock at a price of $0.00833 per share, to 10 non U.S. persons ( as that term as defined in Regulation S of the Securities Act of 1933), relying on Regulation S and/or Section 4(2) of the Securities Act of 1933 pursuant to the closing of a private placement, for aggregate gross proceeds of $99,960.

Most recently, on July 18, 2011, we issued 100,000 shares of our common stock at a price of $1 per share to 1 non U.S. person for aggregate gross proceeds of $100,000.  The issuance made in reliance on Regulation S of the Securities Act of 1933.

Prior to this Offering, there has been no public market for our common stock. Our common stock was previously quoted on the OTC Bulletin Board on August 21, 2006 under the trading symbol “ITVA”. On June 19, 2009 our symbol was removed from the OTC Bulletin Board for failure to file periodic reports with the Securities and Exchange Commission. After the effective date of the registration statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority (“FINRA”) to have our common stock quoted on the OTC Bulletin Board. However, we currently have no market maker who is willing to list quotations for our stock. Furthermore, there is no assurance that an active trading market for our shares will develop or will be sustained if developed.

We have not generated any revenues since our inception and we will continue to incur operating expenses without revenues for the foreseeable future. During fiscal 2011 and 2010 we incurred a net loss of $31,001 and $18,855, respectively.  Our net loss from February 2, 2005 (date of inception) to January 31, 2011 was $207,661 and $236,268 as of April 30, 2011. We had cash of $33,908 as of January 31, 2011 and $1,918 as of April 30, 2011. Based on our net loss of $28,607 incurred during the three month period ended April 20, 2011, our monthly burn rate is $9,535.  Approximately $12,834 or 45% of our expenses during that period are attributable to expenses incurred to advance our exploration program and in partial satisfaction of our obligations under the option agreement for the Proteus Property.   Owing to the $100,000 proceeds raised from our most recent private placement on July 18, 2011, and in light of our current exploration obligations under the option agreement for the Proteus Property, we estimate that we will be able to sustain our current operations through the month of September, 2011.  Although we have relied and intend to rely on intermittent interest free loans from our sole director and officer in order to sustain our day to day operations, we cannot guarantee that our sole officer and director will provide us with future loans.  As a result of our current cash position and our lack of predictable or regular sources of income, we cannot provide assurances that we will be able to successfully explore our mineral property or sustain our business. These circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent auditors’ report on our audited financial statements for the year ended January 31, 2011. If we are unable to continue as a going concern, investors will likely lose all of their investments in our company.

You should rely only on the information contained in this prospectus. We have not authorized anyone to provide you with information different from that contained in this Prospectus. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our common shares.

The Offering

The 9,600,000 shares of our common stock being registered by this Prospectus represent approximately 62 % of our issued and outstanding common stock as of July 29 , 2011.

Securities Offered:

9,600,000 shares of common stock offered by 8 selling security holders.

Initial Offering Price:

The selling security holders will sell at an initial price of $0.05 per share or, if a public market develops for our common stock, at prevailing market prices.

Minimum Number of Securities to be
Sold in this Offering:

None

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Securities Issued and to be Issued:

As of July 29 , 2011 there were 15, 600 ,000 shares of our common stock, issued and outstanding and no outstanding preferred or convertible securities.

All of the common stock to be sold under this Prospectus will be sold by existing stockholders. Although our common stock is currently listed for quotation on the Pink Quote quotation system, there is no established market for the common shares being registered. If a market for our common stock develops on the Pink Quote system (the “Pinks Sheets”), or, if our stock becomes quoted on the OTC Bulletin Board and a market for our stock develops there, the actual price of the shares may be influenced by prevailing market prices at the time of sale. The trading of securities the OTC Bulletin Board is often sporadic and investors may have difficulty buying, selling, or obtaining market quotations, which may have a depressive effect on the price of our common stock. Purchasers in this offering may receive an illiquid security.

Proceeds:

We will not receive any proceeds from the sale of our common stock by the selling security holders.

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Financial Summary Information

All references to currency in this Prospectus are to U.S. Dollars, unless otherwise noted.

The following table sets forth selected financial information, which should be read in conjunction with the information set forth in the "Management’s Discussion and Analysis of Financial Position and Results of Operations" section and the accompanying financial statements and related notes included elsewhere in this Prospectus.

Income Statement Data

    Three Months     Year Ended     Year Ended     Year Ended     From Inception  
    Ended April 03,     January 31,     January 31,     January 31,     (February 2, 2005) to
    2011     2011     2010     2009     April 30, 2011  
    ($)     ($)     ($)     ($)     ($)  
Revenues   -           -     -     -  
                               
Operating   28,607     31,001     18,855     41,175     236,268  
Expenses                              
Net Loss   28,607     31,001     18,855     41,175     236,268  
                               
Net Loss Per   0.00     0.01     0.00     0.00     -  
Share                              

Balance Sheet Data

    Three Months     Year Ended     Year Ended     Year Ended  
    Ended April 30,     January 31,     January 31,     January 31,  
    2011     2011     2010     2009  
    ($)     ($)     ($)     ($)  
Working Capital Deficiency   86,808     58,201     102,161     83,305  
                         
Current Assets   1,918     33,908     Nil     Nil  
                         
Current Liabilities   88,726     92,109     102,161     83,305  

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RISK FACTORS

Risks Associated With Mining

Our property is in the exploration stage and there is no assurance that we can establish the existence of any mineral resource on our property in commercially exploitable quantities. Unless we establish the presence of a commercially exploitable mineral resource, we cannot earn any revenues from operations and, if we fail to do so, we will lose all of the funds that we may expend on exploration. If we do not discover any mineral resource in a commercially exploitable quantity, our business could fail.

We have not conducted any exploration work on our mineral property and have not established that it contains any mineral reserve. Even if we successfully carry out a program of exploration on our mineral property, we may fail to establish that our property contains any mineral reserve, which could result in the failure of our business.

A mineral reserve is defined by the Securities and Exchange Commission in its Industry Guide 7 (which can be viewed over the Internet at http://www.sec.gov/divisions/corpfin/forms/industry.htm#secguide7) as that part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination. The probability of an individual prospect ever having a "reserve" that meets the requirements of the Securities and Exchange Commission's Industry Guide 7 is extremely remote. In all probability our mineral resource property does not contain any 'reserve' and any funds that we spend on exploration will probably be lost.

Even if we do eventually discover a mineral reserve on our property, there can be no assurance that we will be able to develop our property into a producing mine and extract those resources. Both mineral exploration and development involve a high degree of risk and few properties which are explored are ultimately developed into producing mines.

The commercial viability of an established mineral deposit will depend on a number of factors including, by way of example, the size, grade and other attributes of the mineral deposit, the proximity of the resource to infrastructure such as a smelter, roads and a point for shipping, government regulation and market prices. Most of these factors will be beyond our control, and any of them could increase costs and make extraction of any identified mineral resource unprofitable.

Mineral operations are subject to applicable law and government regulation. Even if we discover a mineral resource in a commercially exploitable quantity, these laws and regulations could restrict or prohibit the exploitation of that mineral resource. If we cannot exploit any mineral resource that we might discover on our property, our business may fail.

Both mineral exploration and extraction require permissions and permits from various, federal, provincial, and local governmental authorities and are governed by laws and regulations, including those with respect to prospecting, mine development, mineral production, transport, export, taxation, labor standards, occupational health, waste disposal, toxic substances, land use, environmental protection, mine safety and other matters. We have yet to undertake any exploration activities on our property, and there can be no assurance that we will be able to obtain or maintain any of the permits required for the exploration of our mineral property or for the construction and operation of a mine on our property on reasonable terms or at economically viable costs. If we cannot accomplish these objectives, our business could fail.

If we establish the existence of a mineral resource on our property in a commercially exploitable quantity, we will require additional capital in order to develop the property into a producing mine. If we

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cannot raise this additional capital, we will not be able to exploit the resource, and our business could fail.

If we do discover mineral resources in commercially exploitable quantities on our property, we will be required to expend substantial sums of money to establish the extent of the resource, develop processes to extract it and develop extraction and processing facilities and infrastructure. Although we may derive substantial benefits from the discovery of a major deposit, there can be no assurance that any discovered resource will be large enough to justify commercial operations, nor can there be any assurance that we will be able to raise the funds required for development on a timely basis. If we cannot raise the necessary capital or complete the necessary facilities and infrastructure, our business may fail.

Mineral exploration and development is subject to extraordinary operating risks. We may not insure against these risks. In the event of a cave-in or similar occurrence, our liability may exceed our resources, which would have an adverse impact on our company.

Mineral exploration, development and production involve many risks which even a combination of experience, knowledge and careful evaluation may not be able to overcome. Our future operations will be subject to all the hazards and risks inherent in the exploration for mineral resources and, if we discover a mineral resource in commercially exploitable quantity, our operations could be subject to all of the hazards and risks inherent in the development and production of resources, including liability for pollution, cave-ins or similar hazards against which we cannot insure or against which we may elect not to insure. Any such event could result in physical injury or death, work stoppages, and damage to property, including damage to the environment. We do not currently maintain any insurance coverage against these operating hazards and may not have sufficient financial resources to obtain such insurance coverage when it becomes advisable or required. The payment of any liabilities that arise from the occurrence of any operating hazard against which we do not maintain insurance coverage would have a material adverse impact on our company.

Mineral prices are subject to dramatic and unpredictable fluctuations.

We aim to derive revenues either from the sale of our mineral resource property or from the extraction and sale of ore. The price of those commodities has fluctuated widely in recent years, and is affected by numerous factors beyond our control, including international, economic and political trends, expectations of inflation, currency exchange fluctuations, interest rates, global or regional consumptive patterns, speculative activities and increased production due to new extraction developments and improved extraction and production methods. The effect of these factors on the price of base and precious metals, and therefore the economic viability of any of our exploration properties and projects, cannot accurately be predicted.

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The mining industry is highly competitive and there is no assurance that we will be successful in acquiring any mineral claims. If we cannot acquire properties to explore for mineral resources, we may be required to reduce or cease operations.

The mineral exploration, development, and production industry is largely un-integrated. We compete with other exploration companies looking for mineral resource properties. While we compete with other exploration companies in the effort to locate and acquire mineral resource properties, we will not compete with them for the removal or sales of mineral products from our properties if we should eventually discover the presence of them in quantities sufficient to make production economically feasible. Readily accessible and liquid markets exist worldwide for the sale of mineral products. Therefore, we will likely be able to sell any mineral products that we identify and produce.

In identifying and acquiring mineral resource properties, we will compete with many companies possessing greater financial resources and technical facilities. This competition could adversely affect our ability to acquire suitable prospects for exploration in the future. Accordingly, there can be no assurance that we will acquire any interest in additional mineral resource properties that might yield reserves or result in commercial mining operations.

Risks Related To Our Company

The fact that we have not earned any operating revenues since our incorporation raises substantial doubt about our ability to continue to explore our mineral properties as a going concern.

We have not generated any revenue from operations since our incorporation and we anticipate that we will continue to incur operating expenses without revenues unless and until we are able to identify a mineral resource in a commercially exploitable quantity on our mineral property and we build and operate a mine. We had cash in the amount of $1,918 as of April 30, 2011 and a working capital deficit of $86,808. We have also incurred a cumulative net loss of 236,268 from our inception on February 2, 2005 through April 30, 2011. If we undertake exploration activities on our property, we estimate that our average monthly operating expenses will be approximately $50,000, including anticipated exploration costs, management services and administrative costs. Should the results of our planned exploration require us to increase our current operating budget, we may have to raise additional funds to meet our currently budgeted operating requirements for the next 12 months. As we cannot assure a lender that we will be able to successfully explore and develop our mineral property, we will probably find it difficult to raise debt financing from traditional lending sources. We have in the past raised our operating capital from sales of equity securities, but there can be no assurance that we will continue to be able to do so. If we cannot raise the money that we need to continue exploration of our mineral property, we may be forced to delay, scale back, or eliminate our exploration activities. If any of these were to occur, there is a substantial risk that our business would fail.

These circumstances lead our independent registered public accounting firm, in their report dated May 2, 2011, to comment about our company’s ability to continue as a going concern. Management plans to seek additional capital through a private placement of its capital stock. These conditions raise substantial doubt about our company’s ability to continue as a going concern. Although there are no assurances that management’s plans will be realized, management believes that our company will be able to continue operations in the future. 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 our company cannot continue in existence.” We continue to experience net operating losses. Because our sole asset is located in Canada, investors may be limited in their ability to enforce U.S. civil judgments against our assets and to recover compensation for damages caused by our wrongful actions or by the wrongful actions of our directors or officers.

Our sole asset is located in Canada. Consequently, it may be difficult for United States investors to realize in the United States upon judgments of United States courts predicated upon civil liabilities under U.S. Federal Securities Laws. A judgment of a U.S. court predicated solely upon such civil liabilities may not be enforceable in Canada by a Canadian court if the U.S. court in which the judgment was obtained did not have jurisdiction, as determined by the Canadian court, in the matter. There is substantial doubt whether an original action could be enforced in Canada against any of our assets predicated solely upon such civil liabilities. You may not be able to recover damages as compensation for a decline in your investment.

Because our current sole officer and director does not have experience in public company management or in the mineral exploration industry, our business has a higher risk of failure.

Our sole officer and director does not have experience in the mineral exploration industry or in the management of public companies. Accordingly, we will be at a disadvantage in relation to our competitors with respect to our ability to identify and implement sound strategies for the exploration of our property and for the development of our business, generally. Although we intend to rely on the counsel of consulting advisors where necessary, and to supplement our management and our Board of Directors with individuals experienced in our industry, there is no guarantee that we will succeed in enlisting the services of any such advisors or individuals without undue expense. The inexperience of our management combined with an inability to obtain the services of experienced advisors without undue expense may delay the development of our business, cause us to make unsound business decisions and, ultimately, cause our business to fail.

Because our sole asset consists of a right to acquire a mineral property in consideration of future payments and exploration expenditures, if we fail to satisfy those future payments or to incur those expenditures, we may lose our sole asset and the value of your investment will be lost.

Our sole asset consists of an option to purchase a 100% interest in the Proteus mineral property located near Cobalt, Ontario. In order to acquire the property pursuant to our Option Agreement with the owner of the property, we must make the following cash payments and incur the following amounts on exploration and development:

a) $25,000 upon the execution of the agreement (paid);
b) an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011 (paid);
c) an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and
d) incur an additional $150,000 in exploration expenditures by July 15, 2013.

If we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines, the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, we will lose our right to acquire the property. Although we have satisfied our obligations under the Option Agreement as of July 15, 2011, there is no guarantee that we will raise sufficient funds to satisfy future obligations under the agreement. Accordingly, if we fail to raise sufficient funds, any funds spent by us in respect of the Option Agreement will be lost, we will lose our right to acquire the Proteus Property, and the value of your investment will be lost.

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Risks Associated with Our Common Stock

Trading on the in our common stock may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares.

Prior to this Offering, there has been no public market for our common stock. Our common stock was previously quoted on the OTC Bulletin Board on August 21, 2006 under the trading symbol “ITVA”. On June 19, 2009 our symbol was removed from the OTC Bulletin Board for failure to file periodic reports with the Securities and Exchange Commission. After the effective date of the registration statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority (“FINRA”) to have our common stock quoted on the OTC Bulletin Board. However, we currently have no market maker who is willing to list quotations for our stock. Furthermore, there is no assurance that an active trading market for our shares will develop or will be sustained if developed.

Trading in stock quoted on the OTC Bulletin Board is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with our operations or business prospects. This volatility could depress the market price of our common stock for reasons unrelated to operating performance. Moreover, he OTC Bulletin Board is not a stock exchange, and trading of securities on the OTC Bulletin Board is often more sporadic than the trading of securities listed on an electronic or traditional stock exchange like the NASDAQ, NYSE, or Amex exchanges. Accordingly, shareholders may have difficulty reselling any of their shares.

Our stock is a penny stock. Trading of our stock may be restricted by the SEC’s penny stock regulations and FINRA’s sales practice requirements, which may limit a stockholder’s ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange Commission has adopted Rule 15g-9 which generally defines “penny stock” to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited investors”. The term “accredited investor” refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. Importantly, the value of an individual’s primary residence must be excluded from the calculation of net worth. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer’s account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer’s confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in, and limit the marketability of, our common stock.

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In addition to the “penny stock” rules promulgated by the Securities and Exchange Commission, the Financial Industry Regulatory Authority has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, the Financial Industry Regulatory Authority believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The Financial Industry Regulatory Authority requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock.

Other Risks

Trends, Risks and Uncertainties

We have sought to identify all material risks to our business, but we cannot predict whether or to what extent such risks may be realized, and we cannot guarantee that we have identified all possible risks that may arise. Investors should carefully consider all of our risk factors before making an investment decision with respect to our common stock.

USE OF PROCEEDS

We will not receive any proceeds from the resale of the securities offered through this Prospectus by the selling security holders. The selling security holders will receive all proceeds from this offering.

DETERMINATION OF OFFERING PRICE

The selling security holders may offer their shares at an initial offering price of $0.05 per share until our common stock is quoted on OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. However, there can be no assurance that our common stock will become quoted on the OTC Bulletin Board. The initial offering price was determined by our Board of Directors, who considered several factors in arriving at the $0.05 per share figure, including the following:

  • our most recent private placements of 12,000,000 shares of our common stock at a price of $0.00833 per share;

  • the perceived value of our business plan;

  • our lack of operating history;

  • our capital structure; and

  • the background of our management.

As a result, the $0.05 per share initial price of our common stock does not necessarily bear any relationship to established valuation criteria and may not be indicative of prices that may prevail at any time. The price is not based on past earnings, nor is it indicative of the current market value of our assets. No valuation or appraisal has been prepared for our business. You cannot be sure that a public market for any of our securities will develop.

If our common stock becomes quoted on the OTC Bulletin Board and a market for the stock develops, the actual price of the shares sold by the selling security holders named in this Prospectus will be determined by prevailing market prices at the time of sale or by private transactions negotiated by the selling security holders. The number of shares that may actually be sold by a selling security holder will be determined by each selling security holder. The selling security holders are neither obligated to sell all or any portion of the shares offered under this Prospectus, nor are they obligated to sell such shares immediately hereunder. If our common stock becomes quoted on the OTC Bulletin Board and a market for our common stock develops, security holders may sell their shares at a price different than the $0.05 per share offering price depending on privately negotiated factors such as the security holder's own cash requirements or objective criteria of value such as the market value of our assets.

DILUTION

All of the 9,600,000 shares of our common stock to be sold by the selling security holders are currently issued and outstanding, and will therefore not cause dilution to any of our existing stockholders.

SELLING SECURITY HOLDERS

As of July 7 , 2011 our Company has 75,000,000 common shares authorized with a par value of $0.001 per share with 15, 600 ,000 common shares outstanding. We have no authorized class of preferred stock or outstanding options, warrants, or convertible securities.

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The 8 selling security holders are offering for sale 9,600,000 shares of our issued and outstanding common stock which they obtained as part of a private placement of 12,000,000 shares completed on January 12, 2011 at a price of $0.00833 per share for aggregate gross proceeds of $99,960. That transaction was completed in reliance on Regulation S and/or Section 4(2) of the Securities Act of 1933. Each selling shareholders is a non U.S. person, as that term as defined in Regulation S of the Securities Act of 1933.

The following table provides information as of July 7 , 2011 regarding the beneficial ownership of our common stock by each of the selling security holders, including:

  • the number of shares owned by each prior to this offering;

  • the number of shares being offered by each;

  • the number of shares that will be owned by each upon completion of the offering, assuming that all the shares being offered are sold;

  • the percentage of shares owned by each; and

  • the identity of the beneficial holder of any entity that owns the shares being offered.

Name of Selling Security Holder Shares Owned
Prior to this
Offering
(1)
Percent
%
(2)
Maximum Numbers
of
Shares Being
Offered
Beneficial
Ownership
After Offering
Percentage
Owned
upon
Completion
of the
Offering
(2)
Chan Lit Sang 1,200,000 7. 69 1,200,000 0 0
Wong Ching Man Vienna 1,200,000 7. 69 1,200,000 0 0
Chan Lit Chow 1,200,000 7. 69 1,200,000 0 0
Arcoron Limited (3) 1,200,000 7. 69 1,200,000 0 0
Tranwicks Limited (4) 1,200,000 7. 69 1,200,000 0 0
Aurico Limited (5) 1, 3 00,000 8 . 33 1, 3 00,000 100,000 (6)
Ng Hei 1,200,000 7. 69 1,200,000 0 0
Starova Limited ( 8 ) 1,200,000 7. 69 1,200,000 0 0
           
Total 9, 7 00,000 61. 5 9,600,000 0 0

(1)

The number and percentage of shares beneficially owned is determined to the best of our knowledge in accordance with the Rules of the SEC and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the selling security holder has sole or shared voting or investment power and also any shares which the selling security holder has the right to acquire within 60 days of the date of this Prospectus.

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(2)

The percentages are based on 15, 600 ,000 shares of our common stock issued and outstanding and as at July 29 , 2011.

(3)

Dulip Charith Wijesinha has voting and dispositive control over securities held by Arcoron Limited.

(4)

Hassan Mohammed Musafer has voting and dispositive control over securities held by Tranwicks Limited.

(5)

Dylan Baba Lye has voting and dispositive control over securities held by Aurico Limited.

(6)

Less than 1%

(7)

Christopher Milton Wong has voting and dispositive control over securities held by Starova Limited.

Except as otherwise noted in the above list, the named party beneficially owns and has sole voting and investment power over all the shares or rights to the shares. The numbers in this table assume that none of the selling security holders will purchase additional shares, and assumes that all the shares being registered will be sold.

Other than as described above, none of the selling security holders or their beneficial owners has had a material relationship with us other than as a security holder at any time within the past three years, or has ever been one of our officers or directors or an officer or director of our predecessors or affiliates.

None of the selling security holders are broker-dealers or affiliates of a broker-dealer.

PLAN OF DISTRIBUTION

We are registering 9,600,000 shares of our common stock on behalf of the selling security holders. The selling security holders may sell the 9,600,000 shares of our common stock at an initial price of $0.5 per share or at prevailing market prices if a public market for our common stock develops.

Our common stock was previously quoted on the OTC Bulletin Board on August 21, 2006 under the trading symbol “ITVA”. On June 19, 2009 our symbol was removed from the OTC Bulletin Board for failure to file periodic reports with the Securities and Exchange Commission. We have since brought our filings with the SEC up to date and, after the effective date of this registration statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority (“FINRA”) to have our common stock quoted on the OTC Bulletin Board. However, we currently have no market maker who is willing to list quotations for our stock, and, even if we secure a market maker, there is no assurance that an active trading market for our shares will develop or be sustained. What’s more, although we currently meet the existing requirements for quotation on the OTC Bulletin Board, we cannot assure you that we will continue to meet these requirements.

Trading in stocks on the OTC Bulletin Board, is often thin and is characterized by wide fluctuations in trading prices due to many factors that may have little to do with a company's operations or business prospects. This volatility could depress the market price of our common stock for reasons unrelated to operating performance. Moreover, the OTC Bulletin Board is not a stock exchange, and trading of securities on the OTC Bulletin Board is often more sporadic than the trading of securities listed on an electronic or traditional stock exchange like the NASDAQ, NYSE, or Amex exchanges. In the absence of an active trading market investors may have difficulty buying and selling or obtaining market quotations for our common stock and its market visibility may be limited, which may have a negative effect on the market price of our common stock. Accordingly, shareholders may be unable to resell their shares. Since June 19, 2009, there has been no active market for our common shares and no price quotation available for our common shares.

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The selling security holders may sell some or all of their shares of our common stock in one or more transactions, including block transactions:

The selling security holders may sell some or all of their shares of our common stock in one or more transactions, including block transactions:

  • on such public markets as the securities may be trading;

  • in privately negotiated transactions; or

  • in any combination of these methods of distribution.

The selling security holders may offer our common stock to the public:

  • at $0.05 per share;

  • at the market price prevailing at the time of sale if a market for the stock develops on the OTC Bulletin Board;

  • at a price related to such prevailing market price if a market for the stock develops on OTC Bulletin Board; or

  • at such other price as the selling security holders determine if a market for the stock develops the OTC Bulletin Board.

We are bearing all costs relating to the registration of our common stock. The selling security holders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the shares of our common stock.

The selling security holders must comply with the requirements of the Securities Act and the Exchange Act in the offer and sale of our common stock. In particular, during such times as the selling security holders may be deemed to be engaged in a distribution of any securities, and therefore be considered to be an underwriter, they must comply with applicable laws and may, among other things:

  • furnish each broker or dealer through which our 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;

  • not engage in any stabilization activities in connection with our securities; and

  • 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 Exchange Act.

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The selling security holders and any underwriters, dealers or agents that participate in the distribution of our common stock may be deemed to be underwriters, and any commissions or concessions received by any such underwriters, dealers or agents may be deemed to be underwriting discounts and commissions under the Securities Act. Our common stock may be sold from time to time by the selling security holders in one or more transactions at a fixed offering price, which may be changed, at varying prices determined at the time of sale or at negotiated prices if a market for the stock develops on the OTC Bulletin Board. We may indemnify any underwriter against specific civil liabilities, including liabilities under the Securities Act.

The selling security holders and any broker-dealers acting in connection with the sale of the common stock offered under this Prospectus may be deemed to be underwriters within the meaning of section 2(11) of the Securities Act, and any commissions received by them and any profit realized by them on the resale of shares as principals may be deemed underwriting compensation under the Securities Act. Neither we nor the selling security holders can presently estimate the amount of such compensation. We know of no existing arrangements between the selling security holders and any other security holder, broker, dealer, underwriter or agent relating to the sale or distribution of our common stock. Because the selling security holders may be deemed to be “underwriters” within the meaning of section 2(11) of the Securities Act, the selling security holders will be subject to the prospectus delivery requirements of the Securities Act. Each selling security holder has advised us that they have not yet entered into any agreements, understandings, or arrangements with any underwriters or broker-dealers regarding the sale of their shares. We may indemnify any underwriter against specific civil liabilities, including liabilities under the Securities Act.

Regulation M

During such time as the selling security holders may be engaged in a distribution of any of the securities being registered by this Prospectus, the selling security holders are required to comply with Regulation M under the Exchange Act. In general, Regulation M precludes any selling security holder, any affiliated purchaser and any broker-dealer or other person who participates in a distribution from bidding for or purchasing, or attempting to induce any person to bid for or purchase, any security that is the subject of the distribution until the entire distribution is complete.

Regulation M defines a “distribution” as an offering of securities that is distinguished from ordinary trading activities by the magnitude of the offering and the presence of special selling efforts and selling methods. Regulation M also defines a “distribution participant” as an underwriter, prospective underwriter, broker, dealer, or other person who has agreed to participate or who is participating in a distribution.

Regulation M prohibits, with certain exceptions, participants in a distribution from bidding for or purchasing, for an account in which the participant has a beneficial interest, any of the securities that are the subject of the distribution. Regulation M also governs bids and purchases made in order to stabilize the price of a security in connection with a distribution of the security. We have informed the selling security holders that the anti-manipulation provisions of Regulation M may apply to the sales of their shares offered by this Prospectus, and we have also advised the selling security holders of the requirements for delivery of this Prospectus in connection with any sales of the shares offered by this Prospectus.

With regard to short sales, the selling security holders cannot cover their short sales with securities from this offering. In addition, if a short sale is deemed to be a stabilizing activity, then the selling security holders will not be permitted to engage in such an activity. All of these limitations may affect the marketability of our common stock.

Penny Stock Rules

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).

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The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the SEC which:

  • contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

  • contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to violations of such duties or other requirements of federal securities laws;

  • contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask prices;

  • contains the toll-free telephone number for inquiries on disciplinary actions;

  • defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and

  • contains such other information, and is in such form (including language, type size, and format) as the SEC shall require by rule or regulation.

Prior to effecting any transaction in a penny stock, a broker-dealer must also provide a customer with:

  • the bid and ask prices for the penny stock;

  • the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock;

  • the amount and a description of any compensation that the broker-dealer and its associated salesperson will receive in connection with the transaction; and

  • a monthly account statement indicating the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive (i) the purchaser's written acknowledgment of the receipt of a risk disclosure statement, (ii) a written agreement to transactions involving penny stocks, and (iii) a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our securities, and therefore our stockholders may have difficulty selling their shares.

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Blue Sky Restrictions on Resale

When a selling security holder wants to sell shares of our common stock under this Prospectus in the United States, the selling security holder will need to comply with state securities laws, also known as “blue sky laws,” with regard to secondary sales. All states offer a variety of exemptions from registration of secondary sales. Many states, for example, have an exemption for secondary trading of securities registered under section 12(g) of the Exchange Act or for securities of issuers that publish continuous disclosure of financial and non-financial information in a recognized securities manual, such as Standard & Poor’s. The broker for a selling security holder will be able to advise the stockholder as to which states have an exemption for secondary sales of our common stock.

Any person who purchases shares of our common stock from a selling security holder pursuant to this Prospectus, and who subsequently wants to resell such shares will also have to comply with blue sky laws regarding secondary sales.

When this Registration Statement becomes effective, and a selling security holder indicates in which state(s) he desires to sell his shares, we will be able to identify whether he will need to register or may rely on an exemption from registration.

DESCRIPTION OF SECURITIES TO BE REGISTERED

General

Our authorized capital stock consists of 75,000,000 shares of common stock at a par value of $0.001 per share.

Common Stock

As of July 29, 2011 there were 15, 600 ,000 issued and outstanding shares of our common held by 42 stockholders of record.

Holders of our common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of common stock do not have cumulative voting rights. Therefore, holders of a majority of the shares of common stock voting for the election of directors can elect all of the directors. Holders of our common stock representing a majority of the voting power of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of our stockholders. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our articles of incorporation.

Holders of common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.

Preferred Stock

We do not have an authorized class of preferred stock.

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Dividend Policy

We have never declared or paid any cash dividends on our common stock. We currently intend to retain future earnings, if any, to finance the expansion of our business. As a result, we do not anticipate paying any cash dividends in the foreseeable future.

Share Purchase Warrants

We have not issued and do not have outstanding any warrants to purchase shares of our common stock.

Options

We have not issued and do not have outstanding any options to purchase shares of our common stock.

Convertible Securities

We have not issued and do not have outstanding any securities convertible into shares of our common stock.

INTERESTS OF NAMED EXPERTS AND COUNSEL

No expert or counsel named in this Prospectus as having prepared or certified any part thereof or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of our common stock was employed on a contingency basis or had or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in us. Additionally, no such expert or counsel was connected with us as a promoter, managing or principal underwriter, voting trustee, director, officer or employee.

Experts

Our audited financial statements for the 12 month periods ended January 31, 2011 and January 31, 2010 have been included in this Prospectus in reliance upon Dale Matheson Carr-Hilton Labonte LLP, an independent registered public accounting firm, as experts in accounting and auditing.

DESCRIPTION OF BUSINESS

Forward-Looking Statements

This Prospectus contains forward-looking statements. To the extent that any statements made in this report contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as “expects”, “plans”, “will”, “may”, “anticipates”, “believes”, “should”, “intends”, “estimates” and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to raise additional capital to finance our activities; the effectiveness, profitability and marketability of our products; legal and regulatory risks associated with the share exchange; the future trading of our common stock; our ability to operate as a public company; our ability to protect our intellectual property; general economic and business conditions; the volatility of our operating results and financial condition; our ability to attract or retain qualified personnel; and other risks detailed from time to time in our filings with the SEC, or otherwise.

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General Overview

We were incorporated in the State of Nevada on February 2, 2005. Our original business plan was to develop fuel cell technology and to produce fuel cells in China suitable for small vehicles, such as indoor forklifts, scooters, underwater equipment (eg. shallow underwater sightseeing submarines) that require a small size, longevity of use and silent operation. During fiscal 2008 we abandoned our original business plan because we were unable to raise sufficient financing. Following the abandonment of our original business plan, our management’s focus was the identification and evaluation new business and financing opportunities in an effort to ensure the survival of our Company and to preserve our shareholders’ investment in our common shares.

On July 15, 2010, we entered into an Option Agreement whereby we acquired the right to purchase a 100% interest in the Proteus Property located near Cobalt, Ontario, an area known historically for the production of silver ore and more recently, diamond prospecting, although there has been no commercial production of diamonds in the area to date. The Proteus Property consists of three mineral claims comprised of nine units. In order to acquire the property pursuant to the agreement, we must make the following cash payments and incur the following amounts on exploration and development:

  a)

$25,000 upon the execution of the agreement (paid);

  b)

an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011;

  c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

  d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

The Proteus Property is subject to a 2% Net Smelter Royalty, which our company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of entering into production. Pursuant to section 5.01 and 5.02 of the Option Agreement, we will hold the property in trust for the Optionor until the option is exercised or terminated. If we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, the Option Agreement will terminate, we will lose our right to acquire the property, and any funds spent by us in respect of the Option Agreement will be lost.

It is presently unknown whether the Proteus Property contains any mineral reserves and, accordingly, there is a high likelihood that any funds spent by us to explore the property will be lost.

As a result of our entering into the Option Agreement for the Proteus Property, we became a mineral exploration company and now endeavor to implement an exploration program for the Proteus Property commencing in the fall of 2011. Currently, however, we maintain nominal operations and are seeking additional sources of financing or collaborators to further the development of our business plan. If we are unable to secure additional financing, we will be forced to delay, scale back, or eliminate our anticipated exploration program, or revise our business plan, which may cause our business to fail.

On January 12, 2011, we issued an aggregate of 12,000,000 shares of our common stock at a price of $0.00833 per share, to 10 non U.S. persons (asthat term as defined in Regulation S of the Securities Act of 1933), relying on Regulation S and/or Section 4(2) of the Securities Act of 1933 pursuant to the closing of a private placement, for aggregate gross proceeds of $99,960.

Most recently, on July 18, 2011, we issued 100,000 shares of our common stock at a price of $1 per share to 1 non U.S. person for aggregate gross proceeds of $100,000.  The issuance made in reliance on Regulation S of the Securities Act of 1933.

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Competition

We are a exploration stage mineral resource exploration company. We compete with other mineral resource exploration companies for financing and for the acquisition of new mineral properties. Many of the mineral resource exploration companies with whom we compete have greater financial and technical resources than those available to us. Accordingly, these competitors may be able to spend greater amounts on acquisitions of mineral properties of merit, on exploration of their mineral properties and on development of their mineral properties. In addition, they may be able to afford more geological expertise in the targeting and exploration of mineral properties. This competition could result in competitors having mineral properties of greater quality and interest to prospective investors who may finance additional exploration. This competition could adversely impact on our ability to finance further exploration and to achieve the financing necessary for us to develop our mineral properties.

Compliance with Government Regulation

We are committed to complying with and are, to our knowledge, in compliance with, all governmental and environmental regulations applicable to our company and our properties. Permits from a variety of regulatory authorities may be required for many aspects of mine operation and reclamation. We cannot predict the extent to which these requirements will affect our company or our properties if we identify the existence of minerals in commercially exploitable quantities. In addition, future legislation and regulation could cause additional expense, capital expenditure, restrictions and delays in the exploration of our properties.

Exploration Plans and Permits under the Mining Act (Ontario)

The primary source of regulation governing our mineral exploration activities on the Proteus Property is propagated pursuant to the Mining Act (Ontario) and administered by Ministry of Northern Development, Mines and Forestry (Ontario). The Mining Act regulation requires us to submit an exploration plan or to obtain an exploration permit prior to carrying out prescribed exploration activities. Exploration plans are required for low impact activities, while moderate impact activities require an exploration permit. The regulations classify exploration activities as low or moderate, according to their impact on the land. Generally, any activities that intrude on the land base, or that require the use of heavy, mechanized equipment or explosives are characterized as moderate impact and require a permit. Meanwhile, prospectors and mining companies wanting to undertake lower impact activities must first submit exploration plans and abide by related rules set out in regulations.

This graduated regulatory system for exploration activities is designed to take into account impacts on Aboriginal and land treaty rights, environmental concerns and the interests of private surface rights owners. The government ensures that information regarding proposed exploration activities is be shared with potentially impacted Aboriginal communities and private surface rights owners before activities subject to a permit or plan begin. Aboriginal communities have an opportunity to provide input as to how these activities may impact their Aboriginal and treaty rights. Property owners will also have an opportunity to provide input as to how these activities may impact their interests. Exploration permits may include specific terms and conditions so that the proposed work takes into account particular circumstances, including impacts on Aboriginal and treaty rights, environmental concerns and the interests of private surface right owners. The surface rights related to the Proteus Property are presently divided among several parties, including private owners and the Federal Government of Canada.

We do not anticipate requiring exploration permits to carry out any of the exploration work that we have planned for the 12 months beginning February 1, 2011. We will be required to submit an exploration plan and secure the approval of the Ministry of Northern Development. Mines and Forestry in order to execute our proposed exploration program. Because our planned exploration program is low impact, we do not anticipate any difficulty in this regard.

Claim Assessment and Lease Requirements under the Mining Act (Ontario). The recorded holder of an unpatented mining claim does not own the land and has no title (permitting mineral extraction) until a lease is granted. However, mining claims can be kept in good standing indefinitely by performing yearly assessment work requirements or by paying fees in lieu of work requirements. Currently, a minimum of $400 of assessment work per 16 hectare claim unit per year is required to be reported or an equivalent fee paid to the Ministry of Northern Development, Mines and Forestry. Minimum annual assessment work of approximately $10,500 or payment in lieu of work is required in order to maintain the Proteus Property in its current configuration.

If we wish to extract minerals from the Proteus Property we are required to convert our claims into leases. A claimholder has the legislative right to obtain a mining lease by doing cumulative assessment work valued at $4400 per 16 hectare claim unit or by paying an equivalent fee. The fee for a mining lease is approximately $3 per hectare per year for mining and surface rights. A lease is valid for 21 years and renewals may be given. The Ministry has no discretion to refuse a mining lease, however operations under a lease are subject to work plan and permitting requirements similar to those described above for operations on a claim. Work plan and permitting approvals give consideration to environmental impact and third party stakeholder interests in the property and may be limited accordingly. Surface rights holders whose interests are materially impacted may be obligated to sell their property or may opt to receive compensation for damages.

Research and Development Expenditures

We have not incurred any research and development expenditures over the past two fiscal years.

Employees

Currently, we do not have any employees. Additionally, we have not entered into any consulting or employment agreements with our president, chief executive officer, treasurer, secretary or chief financial officer. Our directors, executive officers and certain contracted individuals play an important role in the running of our company. We engage contractors from time to time to consult with us on specific corporate affairs or to perform specific tasks in connection with our exploration programs.

Presently, we rely on the services and expertise of a single consultant, Blackstone Development Inc., a mineral exploration consulting firm based in Cobalt, Ontario, for the purposes of carrying out exploration and management of our mineral claims. Blackstone’s services are provided to us on an as needed basis. We also rely on the non-exclusive services of consultants for day to day book keeping and accounting purposes. We do not expect any material changes in the number of employees over the next 12 month period. We do and will continue to outsource contract employment as needed.

Subsidiaries

We do not have any subsidiaries.

Intellectual Property

We do not own, either legally or beneficially, any patent or trademark, and have not registered any rights for protection under copyright.

Description of Property

Executive Offices

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As of the date of this Prospectus, our executive and administrative offices are located at 3702 South Virginia Street, Suite G12-401, Reno, NV 89502. Our telephone number is (202) 470-4608.

Mineral Properties

On July 15, 2010, we entered into an Option Agreement whereby we acquired the right to purchase a 100% interest in the Proteus Property located near Cobalt, Ontario, an area known historically for the production of silver ore and more recently, diamond prospecting, although there has been no commercial production of diamonds in the area to date. The Proteus Property consists of three mineral claims comprised of nine units. In order to acquire the property pursuant to the agreement, we must make the following cash payments and incur the following amounts on exploration and development:

  a)

$25,000 upon the execution of the agreement (paid);

  b)

an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011;

  c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

  d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

The Proteus Property is subject to a 2% Net Smelter Royalty, which our company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of entering into production. Pursuant to section 5.01 and 5.02 of the Option Agreement, we will hold the property in trust for the Optionor until the option is exercised or terminated. If we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, the Option Agreement will terminate, we will lose our right to acquire the property, and any funds spent by us in respect of the Option Agreement will be lost.

It is presently unknown whether the Proteus Property contains any mineral reserves and, accordingly, there is a high likelihood that any funds spent by us to explore the property will be lost.

Claim History

The Proteus Property consists of three claims with a total of nine claim units. Each claim unit consists of approximately 16 hectares or 39.5 acres. There are 144 hectares or approximately 356 acres in the aggregate. We are not aware of any exploration activities on the property prior to our acquisition of an option to purchase the claims. The following table sets out the relevant information with respect to the registration and exploration history of the claims:

Claim
No.
Date
Staked
Date
Recorded
Claim
Units
Township/Area Claim
Renewal
Date/Work
Deadline
Work
Required
Total Work
Performed*
4242314 June 3, 2009 June 19, 2009 1 LORRAIN June 19, 2013 $59 $1,141
4248745 June 11, 2010 July 8, 2010 1 LORRAIN July 8, 2014 $59 $1,141
4248871 May 2, 2010 May 18, 2010 7 LORRAIN May 18, 2014 $405 $7,995

*Represents work performed by us in June, 2011.

Location and Access

The Proteus Property is located in Lorrain Township, in the District of Timiskaming, Ontario. Canada. There are a total of three claims which together make up approximately 356 acres of land. The surface rights to the land are divided amongst several parties, including the federal government. Access to the property is made from Highway 11B in North Cobalt, Ontario, at which point one travels approximately 2.5 kilometers southeast on High 567 until a gravel service road is reached. This leads to the former Silverside Resources ramp and the Proteus Property. Travelling south on the road one comes to the Proteus core shack at approximately 2.2 kilometers. The property boundary is located within 2 kilometers further south along the road.

Many rough drill roads run across the property making it accessible by foot, ATV or snowmobile depending on the season. Should further development of the property be required, it is closely located to roads and towns, namely Cobalt, Haileybury, and NewLiskeard, Ontario, where mine supplies and milling services are available.

Regional Geology

The Cobalt area consists of three main rock types: Keewatin Volcanics, Huronian Sediments, and Nipissing Diabase. Historically silver has been found in all three, occurring as short veins which pinch and swell for a few tenths of an inch to over a foot in width.

The oldest rocks are the Keewatin greenstones and interflow sediments. These are steeply dipping with a general east-west trend. Rock type varies a great deal throughout the region from basalt to rhyolite as flows and pyroclastic units. The volcanics are overlain by relatively flat lying Cobalt Series Sediments. These consist of conglomerate, greywacke, quartzite, and argillite. Deformation within these units is quite minimal.

23


Both the volcanic and Sediments are cut by the flat lying Keeweenawan aged Nipissing Diabase Sill which creates arches and basins as it slices through the other rock types.

Extensive faulting characterizes the region with a series of northwest trending rift faults dominating. They are the Lake Temiskaming Fault, the McKenzie Fault, and the Cross Lake Fault. Locally, many other smaller faults of various orientations, and particularly faults of an older age, may be present.

Proposed Exploration Program for 2011

We are required to conduct annual assessment exploration work on the Proteus Property or to pay fees to maintain the unpatented mining claims in good standing with the Ontario provincial government. Minimum annual assessment work of approximately $10,500 or the payment equivalent fees are required given the current configuration of the property. Fees will increase or decrease if claims are dropped or additional claims staked. Please see the above section entitled “Compliance with Government Regulation” for a description of applicable maintenance requirements and fees. During the 12 month period beginning January 1, 2011, we intend to carry out the following exploration work on the Proteus Property:

  • Line cutting of a surface control grid followed by several geophysical surveys including: a Magnetometer (Walkmag) survey and three Electromagnetic surveys: (i) a VLF-EM (very low frequency); (ii) a HLEM (maximum/minimum frequency); and (iii) a detailed IP-EM (Induced Polarization); all of which together are designed to pick up massive to disseminated sulphide mineralzation and faults that may contain possible economic concentrations of metals, chiefly consisting of gold, silver-cobalt or base metals such as copper, lead, or zinc. The purpose of the program is to find favorable geophysical anomalies and conductors and to prioritize them into potential targets that may warrant diamond drilling to identify the type of mineralization and concentration of metals present.

  • Road access improvement work including brush trimming, and stripping, grading and cleaning of the road bed.

LEGAL PROCEEDINGS

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

Our shares of common stock were listed on the OTC Bulletin Board on August 21, 2006 under the trading symbol “ITVA”. On June 19, 2009 our symbol was removed from the OTC Bulletin Board for failure to file. Subsequently, there has been no public market for our common stock.

Holders

Our shares are issued in registered form. Pacific Stock Transfer Inc., 500 E Warm Springs Road, Las Vegas, NV 89119 (Telephone: (702) 361-3033; Facsimile: (702) 433-1979) is the registrar and transfer agent for our common shares.

On July 29 , 2011, our shareholders' list showed 42 registered shareholders and 15, 600 ,000 common shares outstanding.

24


Dividends

We have not declared any dividends since incorporation and do not anticipate that we will do so in the foreseeable future. Although there are no restrictions that limit the ability to pay dividends on our common shares, our intention is to retain future earnings for use in our operations and the expansion of our business.

Equity Compensation Plans

To date we have not adopted any equity compensation plan for the compensation of our directors, officers, employees or consultants.

FINANCIAL STATEMENTS

Our unaudited financial statements for the three month period ended April 30, 2011 and o ur audited financial statements for the fiscal years ended January 31, 2011 and January 31, 2010 are included in this prospectus. . Our financial statements are prepared in accordance with United States generally accepted accounting principles and are stated in United States Dollars (US$). The financial statements appear beginning on page F-1.

25



INTERVIA INC.
(A Development Stage Company)
FINANCIAL STATEMENTS
April 30, 2011
 
(Unaudited)

 

 


 

BALANCE SHEETS
 
STATEMENTS OF OPERATIONS
 
STATEMENTS OF CASH FLOWS
 
NOTES TO THE FINANCIAL STATEMENTS

F-1



INTERVIA INC.
(A Development Stage Company)
BALANCE SHEETS
(Unaudited)

    April 30     January 31,  
    2011     2011  
             
ASSETS    
             
CURRENT ASSETS            
   Cash $  1,918   $  33,908  
             
    1,918     33,908  
             
RESOURCE PROPERTY (Note 2)   25,000     25,000  
             
TOTAL ASSETS $  26,918   $  58,908  
             
             
LIABILITIES AND STOCKHOLDERS’ DEFICIT   
             
CURRENT LIABILITIES            
   Accounts payable and accrued liabilities $  10,783   $  14,166  
   Due to related party (Note 3)   77,943     77,943  
             
TOTAL LIABILITIES   88,726     92,109  
             
             
STOCKHOLDERS’ DEFICIT            
Capital stock (Note 4)
   Authorized
   75,000,000 common shares, $0.001 par value,
   Issued and outstanding
   15,500,000 common shares (January 31, 2011 – 3,500,000)
 



15,500
   



3,500
 
Subscription received in advance   -     99,960  
Additional paid in capital   158,960     71,000  
Deficit accumulated during the development stage   (236,268 )   (207,661 )
             
TOTAL STOCKHOLDERS’ DEFICIT   (61,808 )   (33,201 )
             
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $  26,918   $  58,908  

The accompanying note is an integral part of these financial statements

F-2



INTERVIA INC.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unaudited)

                Cumulative  
                from  
    Three     Three     February 2,  
    months     months     2005 (Date
    ended     ended     of Inception)  
    April 30,     April 30,     to April 30,  
    2011     2010     2011  
                   
Expenses                  
   Donated service $  -   $  -   $  4,500  
   Exploration   12,834     -     12,834  
   Office expenses   -     -     2,906  
   Professional fees   10,702     1,500     205,206  
   Transfer and filing fees   5,071     -     10,822  
                   
Net loss $  28,607   $  1,500   $  236,268  
                   
Basic and diluted loss per share $  (0.00 ) $  (0.00 )      
                   
Weighted average number of shares outstanding   11,185,393     3,500,000      

The accompanying note is an integral part of these financial statements

F-3



INTERVIA INC.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Stated in US Dollars)
(Unaudited)

                Cumulative  
                from  
                February 2,  
    Three months     Three months      2005 (Date of
    ended     ended     Inception) to  
    April 30,     April 30,     April 30,  
    2011     2010     2011  
                   
Operating Activities                  
   Net loss $  (28,607 ) $ (1,500 )   $   (236,268 )
   Item not requiring use of cash                  
         Donated capital   -     -     4,500  
                   
Adjustments to reconcile net loss to net cash used by operating activities:            
         Increase (decrease) in accounts payable and accrued liabilities   (3,383 )   1,500     10,783  
                   
Net cash used in operating activities   (31,990 )   -     (220,985 )
                   
Financing Activities                  
   Due to related party   -     -     77,943  
   Issuance of common shares   -     -     169,960  
                   
Net cash provided by financing activities   -     -     247,903  
                   
Investing Activity                  
   Resource property   -     -     (25,000 )
                   
                   
Net cash used in investing activity   -     -     (25,000 )
                   
Change in cash   (31,990 )   -     1,918  
                   
Cash, beginning   33,908     -     -  
                   
Cash, ending $  1,918   $   -   $ 1,918  

Supplemental cash flow information:

During the three month period ended April 30, 2011, the Company reallocated $99,960 from subscriptions received in advance to capital stock and additional paid in capital, for the issuance of 12,000,000 shares of common stock (Note 4).

Cash paid for interest $  -   $  -   $   -  
Cash paid for income taxes $  -   $  -   $   -  

The accompanying note is an integral part of these financial statements

F-4



INTERVIA INC.
(A Development Stage Company)
NOTE TO THE FINANCIAL STATEMENTS
April 30, 2011
(Unaudited)

1.

BASIS OF PRESENTATION

     

Unaudited Interim Financial Statements

     

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and the rules and regulations of the Securities and Exchange Commission. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the year ended January 31, 2011 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The unaudited interim financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended April 30, 2011 are not necessarily indicative of the results that may be expected for the year ending January 31, 2012.

     

Management has evaluated events occurring between the end of the fiscal quarter. April 30, 2011 to the date when the financial statements were issued.

     
2.

RESOURCE PROPERTY

     

Proteus Property

     

On July 15, 2010, the Company entered into an Option Agreement to purchase a 100% interest in the Proteus Property. The Proteus Property is located near Cobalt, Ontario.

     

To complete the option, the agreement requires the Company to make the following payments and incur the following amounts on exploration and development:

     
a)

$25,000 upon the execution of the agreement (paid);

     
b)

an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011;

     
c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

     
d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

     

The property is subject to a 2% Net Smelter Royalty, which the Company has the right to purchase in 2.5% increments for $500,000, on or before 1 year from the date of production.

F-5



INTERVIA INC.
(A Development Stage Company)
NOTE TO THE FINANCIAL STATEMENTS
April 30, 2011
(Unaudited)

2.

RESOURCE PROPERTY (Cont’d)

   

To April 30, 2011, the Company has incurred the following on its resource property:


      April 30,     January 31,  
      2011     2011  
  Acquisition cost $  25,000   $  25,000  
  Exploration costs, beginning of period $  -   $  -  
       Exploration   12,834     -  
  Exploration costs, end of period $  12,384   $  -  

3. RELATED PARTY TRANSACTIONS
   

The $77,943 due to a related party at April 30, 2011 and January 31, 2011 is a non-interest bearing, unsecured, loan with no stated terms of repayment. This loan was advanced by our sole director and officer, Patrick Laferriere, in various installments since our inception on February 2, 2005.

All related party transactions are measured at the exchange amount which is the amount of consideration agreed to by the related parties.

   
4. COMMON STOCK
   

In March 2011, the Company issued 12,000,000 shares of common stock at a price of $0.00833 per share for total proceeds of $99,960, which was recorded in subscriptions received in advance at January 31, 2011.

At April 30, 2011 and January 31, 2011, the Company had no issued or outstanding stock options or warrants.

F-6


INTERVIA INC.
(An Exploration Stage Company)
FINANCIAL STATEMENTS
January 31, 2011

(Stated in US Dollars)

F-7



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of Intervia, Inc.

We have audited the accompanying balance sheets of Intervia, Inc. (an exploration stage company) as of January 31, 2011 and 2010 and the related statements of operations, stockholders’ deficit and cash flows for the years then ended and for the period from February 2, 2005 (inception) to January 31, 2011. 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. 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, based on our audits, these financial statements present fairly, in all material respects, the financial position of Intervia, Inc. as of January 31, 2011 and 2010 and the results of its operations and its cash flows for the years then ended and for the period from February 2, 2005 (inception) to January 31, 2011 in accordance 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 1 to the financial statements, the Company has not generated revenues since inception, has incurred losses in developing its business, and further losses are anticipated. The Company requires additional funds to meet its obligations and the costs of its operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

  “DMCL”
  DALE MATHESON CARR-HILTON LABONTE LLP
May 2, 2011                                            CHARTERED ACCOUNTANTS
Vancouver, Canada  


F-8



INTERVIA INC.
(An Exploration Stage Company)
BALANCE SHEETS
(Stated in US Dollars)

    January 31,     January 31,  
    2011     2010  
             
ASSETS    
             
CURRENT ASSETS            
   Cash $  33,908   $  -  
             
    33,908        
             
RESOURCE PROPERTY (Note 3)   25,000     -  
             
TOTAL ASSETS $  58,908   $  -  
             
             
LIABILITIES AND STOCKHOLDERS’ DEFICIT   
             
CURRENT LIABILITIES            
   Accounts payable and accrued liabilities $  14,166   $  27,631  
   Due to related party (Note 4)   77,943     74,529  
             
    92,109     102,160  
             
             
             
STOCKHOLDERS’ DEFICIT            
Capital stock (Note 5)            
     Authorized
          75,000,000 common shares, $0.001 par value,
 
   
 
     Issued and outstanding
          3,500,000 common shares (January 31, 2010 – 3,500,000)
 
3,500
   
3,500
 
Subscription received in advance (Note 5)   99,960     -  
Additional paid-in capital   71,000     71,000  
Deficit accumulated during the exploration stage   (207,661 )   (176,660 )
             
TOTAL STOCKHOLDERS’ DEFICIT   (33,201 )   (102,160 )
             
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $  58,908   $  -  

Going concern contingency (Note 1)
Subsequent event (Note 8)

The accompanying notes are an integral part of these financial statements

F-9



INTERVIA INC.
(An Exploration Stage Company)
STATEMENTS OF OPERATIONS
(Stated in US Dollars)

                February 2, 2005  
    Year     Year     (Date of  
    ended     ended     Inception)  
    January 31,     January 31,     to January 31,  
    2011     2010     2011  
                   
Operating expenses                  
   Donated service $  -   $  -   $  4,500  
   Office expenses   -     -     2,906  
   Professional fees   28,215     18,498     194,504  
   Transfer and filing fees   2,786     357     5,751  
                   
Net loss $  (31,001 ) $  (18,855 ) $  (207,661 )
                   
Loss per share – basic and diluted $  (0.01 ) $  (0.01 )      
                   
Weighted average number of shares outstanding – basic and diluted   3,500,000     3,500,000      

The accompanying notes are an integral part of these financial statements

F-10



INTERVIA INC.
(An Exploration Stage Company)
STATEMENT OF STOCKHOLDERS’ DEFICIT
(Stated in US Dollars)

                            Deficit        
                            Accumulated        
                Additional     Subscription     During the        
    Common Stock     Paid-in     received     Exploration        
    Number     Par Value     Capital     in advance     Stage     Total  
Balance, February 2, 2005, (Date of Inception)   -   $  -   $  -   $  -   $  -   $  -  
Capital stock issued for cash at $0.02 per share, October 30, 2005 (Note 5)   3,500,000     3,500     66,500         -     70,000  
Net loss   -     -     -     -     (4,013 )   (4,013 )
Balance, January 31, 2006   3,500,000     3,500     66,500     -     (4,013 )   65,987  
Donated services   -     -     4,500     -     -     4,500  
Net loss   -     -     -     -     (78,772 )   (78,772 )
Balance, January 31, 2007   3,500,000     3,500     71,000     -     (82,785 )   (8,285 )
Net loss   -     -     -     -     (33,845 )   (33,845 )
Balance, January 31, 2008   3,500,000     3,500     71,000     -     (116,630 )   (42,130 )
Net loss   -     -     -     -     (41,175 )   (41,175 )
Balance, January 31, 2009   3,500,000     3,500     71,000     -     (157,805 )   (83,305 )
Net loss   -     -     -     -     (18,855 )   (18,855 )
Balance, January 31, 2010   3,500,000     3,500     71,000     -     (176,660 )   (102,160 )
                      99,960           99,960  
Net loss                           (31,001 )   (31,001 )
Balance, January 31, 2011   3,500,000   $  3,500   $  71,000   $  99,960   $  (207,661 ) $  (33,201 )

The accompanying notes are an integral part of these financial statements

F-11



INTERVIA INC.
(An Exploration Stage Company)
STATEMENTS OF CASH FLOWS
(Stated in US Dollars)

                February 2,  
                2005  
    Year     Year     (Date of  
    ended     ended     Inception) to  
    January 31,     January 31,      January31,  
    2011     2010     2011  
                   
Operating Activities                  
   Net loss $  (31,001 ) $ (18,855 ) $ (207,661 )
   Item not requiring use of cash                  
         Donated capital   -     -     4,500  
                   
Changes in working capital:                  
         Increase (decrease) in accounts payable and accrued liabilities   (13,465 )   12,496     14,166  
                   
Net cash used in operating activities   (44,466 )   (6,359 )   (188,995 )
                   
Financing Activities                  
   Due to related party   3,414     6,359     77,943  
   Subscription received in advance   99,960     -     99,960  
   Issuance of common shares   -     -     70,000  
                   
Net cash provided by financing activities   103,374     6,359     247,903  
                   
Investing Activity                  
   Acquisition of resource property   (25,000 )   -     (25,000 )
                   
Net cash used in investing activity   (25,000 )   -     (25,000 )
                   
Increase in cash   33,908     -     33,908  
                   
Cash, beginning   -     -     -  
                   
Cash, ending $  33,908   $ -     33,908  
                   
                   
Supplemental cash flow information                  
                   
     Cash paid for interest $  -   $ -     -  
                   
     Cash paid for income taxes $  -   $ -     -  

The accompanying notes are an integral part of these financial statements

F-12



INTERVIA INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2011
(Stated in US Dollars)

1. NATURE OF BUSINESS

Intervia, Inc. (the “Company”) was incorporated in the State of Nevada on February 2, 2005. The Company was previously in the business of developing fuel cell products in China. During fiscal 2008, the Company suspended the development of their fuel cell products due to lack of access to sufficient additional financing. The Company is currently engaged in the acquisition and exploration of mineral properties.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As of January 31, 2011, the Company has not yet achieved profitable operations and has accumulated a deficit of $207,661 since inception. Its ability to continue as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted with any certainty at this time which raises substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management is also aware that material uncertainties exist, related to current economic conditions, which could cast doubt about the entity’s ability to continue to finance its activities. It is expected that the Company will incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.

2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in U.S. dollars, the Company’s functional currency.

Use of Estimates

The preparation of financial statements in conformity with US GAAP 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 periods. Actual results could materially differ from those estimates and assumptions. Significant areas requiring the use of management estimates relate to the expected tax rates for future income tax recoveries and determining the fair values of financial instruments and the carrying value of the resource property.

Income Taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company accounts for uncertainty in income taxes by prescribing the recognition threshold that a tax position is required to meet before any part of the benefit of that position may be recognized in the financial statements.

F-13



INTERVIA INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2011
(Stated in US Dollars)

2. SIGNIFICANT ACCOUNTING POLICIES (cont’d)

Basic and Diluted Loss per Share

Basic loss per share is computed using the weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if potentially dilutive securities were exercised or converted to common stock. The dilutive effect of options and warrants and their equivalent is computed by application of the treasury stock method and the effect of convertible securities by the “if converted” method. For the years presented, all convertible securities are anti-dilutive. Accordingly, diluted loss per share is not presented.

Financial Instruments

The carrying value of the Company’s financial instruments, consisting of cash, accounts payable and amounts due to related party approximates their fair value due to the short maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. (Note 7)

Stock-based Compensation

The Company uses the Black-Scholes option-pricing model to determine the grant date fair-value of stock-based awards under Accounting Standards Codification (“ASC”) 718, Compensation – Stock Compensation. The fair value is recorded in income depending on the terms and conditions of the award, and the nature of the relationship of the recipient of the award to the Company. The Company records the grant date fair value in income in line with the period over which it was earned. For employees and management this is typically considered to be the vesting period of the award. For consultants the fair value of the award is recorded in income over the term of the service period, and unvested amounts are revalued at each reporting period over the service period.

Recent Accounting Pronouncements

In January 2010, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU “) 2010-06, Improving Disclosures about Fair Value Measurements, which is included in the ASC Topic 820 (Fair Value Measurements and Disclosures). ASU 2010-06 requires new disclosures on the amount and reason for transfers in and out of Level 1 and 2 fair value measurements. ASU 2010-06 also requires disclosures of activities, including purchases, sales, issuances, and a settlement within Level 3 fair value measurements and clarifies existing disclosure requirements on levels of disaggregation and disclosures about inputs and valuation techniques. ASU 2010-06 is effective for interim and annual reporting periods beginning after December 15, 2009 except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. The implementation of the adoption of ASU 2010-06 did not have a material impact on the Company’s financial statements.

In February 2010, the FASB issued ASU 2010-09, "Subsequent Events (Topic 855) Amendments to Certain Recognition and Disclosure Requirements". The amendment eliminates the requirement for SEC filers to disclose the date through which subsequent events have been evaluated. This standard had no impact on the Company's financial statements.

F-14



INTERVIA INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2011
(Stated in US Dollars)

2. SIGNIFICANT ACCOUNTING POLICIES (cont’d)

There are several new accounting pronouncements issued by FASB which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe any of these accounting pronouncements has had or will have a material impact on the Company's financial position or operating results.

3. RESOURCE PROPERTY

On July 15, 2010, the Company entered into an Option Agreement to purchase a 100% interest in the Proteus Property. The Proteus Property is located near Cobalt, Ontario.

To complete the option, the agreement requires the Company to make the following payments and incur the following amounts on exploration and development:

a) $25,000 upon the execution of the agreement (paid);

b) an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011 (paid);

c) an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

d) incur an additional $150,000 in exploration expenditures by July 15, 2013.

The property is subject to a 2% Net Smelter Royalty, which the Company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of production.

               
      January 31, 2011     January 31, 2010  
  Acquisition cost $  25,000   $  -  

4. RELATED PARTY TRANSACTIONS

The $77,943 due to a related party at April 30, 2011 and January 31, 2011 is a non-interest bearing, unsecured, loan with no stated terms of repayment. This loan was advanced by our sole director and officer, Patrick Laferriere, in various installments since our inception on February 2, 2005.

All related party transactions are in the normal course of business and measured at the exchange amount which is the amount of consideration agreed to by the parties.

5. COMMON STOCK

Subscription received in advance

At January 31, 2011, the Company had received $99,960 in advance for the issuance of 12,000,000 shares of common stock at a price of $0.00833 per share. Subsequent to January 31, 2011, these shares of common stock were issued. (Note 8)

F-15



INTERVIA INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2011
(Stated in US Dollars)

5. COMMON STOCK (cont’d)

Option and warrants

At January 31, 2011 and 2010, the Company had no issued or outstanding stock options or warrants.

6. INCOME TAXES

The Company is subject to United States federal and state income taxes at an approximate rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

             
    2011     2010  
Net loss before income taxes $  (31,001 ) $  (18,855 )
Statutory tax rate   34%     34%  
Income tax recovery   (10,540 )   (6,400 )
Valuation allowance   10,540     6,400  
  $  -   $  -  

The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards, regardless of their time of expiry.

The Company has not filed income tax returns since inception. Tax authorities prescribe penalties for failing to file certain tax returns and supplemental disclosures. Upon filing there could be penalties and interest assessed. Such penalties vary by jurisdiction and by assessing practices and authorities. As the Company has incurred losses since inception there would be no known or anticipated exposure to penalties for income tax liability. However, certain jurisdictions may assess penalties for failing to file returns and other disclosures and for failing to file other supplementary information associated with foreign ownership, activities, debt and equity positions. Management has considered the likelihood and significance of possible penalties associated with its current and intended filing positions and has determined, based on their assessment, that such penalties, if any, would not be expected to be material. Management’s assessment are subject to uncertainty.

No provision for income taxes has been provided in these financial statements due to the net loss for the years ended January 31, 2011 and 2010. At January 31, 2011, the Company has net operating loss carryforwards, which expire commencing in 2026. The potential tax benefit of these losses may be limited due to certain change in ownership provisions under Section 382 of the Internal Revenue Code (“IRS”) and similar state provisions.

IRS Section 382 places a limitation (the “Section 382 Limitation”) on the amount of taxable income which can be offset by net operating loss carryforwards after a change in control (generally greater than a 50% change in ownership) of a loss corporation. Generally, after a control change, a loss corporation cannot deduct operating loss carryforwards in excess of the Section 382 Limitation. Due to these “change in ownership” provisions, utilization of the net operating loss and tax credit carryforwards may be subject to an annual limitation regarding their utilization against taxable income in future periods. The Company has not concluded its analysis of Section 382 through January 31, 2011, but believes that the provisions will not limit the availability of losses to offset future income.

F-16



INTERVIA INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2011
(Stated in US Dollars)

7. FAIR VALUE OF FINANCIAL INSTRUMENTS

The following provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Levels 1 to 3 based on the degree to which fair value is observable:

Level 1 - fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2 - fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and

Level 3 - fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

                     
      Level 1     Level 2     Level 3  
                     
  Cash $ 33,908     -     -  
  Accounts payable $ 14,166     -     -  
  Due to related party $ 77,943     -     -  
                     
  There were no transfers between Level 1 and Level 2 during the year. The Company has no financial instruments valued in Level 3.  

8. SUBSEQUENT EVENT

At January 31, 2011, the Company had received $99,960 for share subscriptions for a private placement of 12,000,000 shares at $0.00833 per share. Subsequent to January 31, 201, the Company issued the shares of common stock.

F-17



INTERVIA INC.
(A Development Stage Company)
FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
BALANCE SHEETS
STATEMENTS OF OPERATIONS
STATEMENT OF STOCKHOLDERS’ DEFICIT
STATEMENTS OF CASH FLOWS
NOTES TO THE FINANCIAL STATEMENTS

F-18


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of Intervia, Inc.

We have audited the accompanying balance sheets of Intervia, Inc. (a development stage company) as of January 31, 2010 and 2009 and the related statements of operations, stockholders’ deficit and cash flows for the years then ended and for the period from February 2, 2005 (inception) to January 31, 2010. 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. 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, based on our audits, these financial statements present fairly, in all material respects, the financial position of Intervia, Inc. as of January 31, 2010 and 2009 and the results of its operations and its cash flows for the years then ended and for the period from February 2, 2005 (inception) to January 31, 2010 in accordance 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 1 to the financial statements, the Company has no assets, has not generated revenues since inception, has incurred losses in developing its business, and further losses are anticipated. The Company requires additional funds to meet its obligations and the costs of its operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

DALE MATHESON CARR-HILTON LABONTE LLP
CHARTERED ACCOUNTANTS
Vancouver, Canada
December 10, 2010

F-19



INTERVIA INC.
(A Development Stage Company)
BALANCE SHEETS
(Stated in US Dollars)

    January 31,     January 31,  
    2010     2009  
             
ASSETS            
             
TOTAL ASSETS $  -   $  -  
             
             
LIABILITIES AND STOCKHOLDERS’ DEFICIT            
             
CURRENT LIABILITIES            
   Accounts payable and accrued liabilities $  27,631   $  15,135  
   Due to related party (Note 2)   74,529     68,170  
             
    102,160     83,305  
             
             
             
STOCKHOLDERS’ DEFICIT            
Capital stock (Note 4)            
     Authorized
          75,000,000 common shares, $0.001 par value,
 
   
 
     Issued and outstanding
          3,500,000 common shares (January 31, 2009 –
          3,500,000)
 
3,500

 
3,500

Additional paid-in capital   71,000     71,000  
Deficit accumulated during the development stage   (176,660 )   (157,805 )
             
TOTAL STOCKHOLDERS’ DEFICIT   (102,160 )   (83,305 )
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $  -   $  -  

Going concern contingency (Note 1)
Subsequent event (Note 6)

The accompanying notes are an integral part of these financial statements

F-20



INTERVIA INC.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Stated in US Dollars)

                February  
    Year     Year     2, 2005  
    ended     ended     (Inception)  
    January     January     to January  
    31,     31,     31,  
    2010     2009     2010  
                   
Operating expenses                  
   Donated service $  -   $  -   $  4,500  
   Office expenses   -     -     2,906  
     Professional fees   18,498     38,652     166,289  
   Transfer and filing fees   357     2,523     2,965  
                   
Net loss $  (18,855 ) $  (41,175 ) $  176,660  
                   
Basic and diluted loss per share $  (0.01 ) $  (0.01 )    
                   
Weighted average number of shares outstanding – basic and diluted   3,500,000     3,500,000      

The accompanying notes are an integral part of these financial statements

F-21



INTERVIA INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS’ DEFICIT

                      Deficit        
                      Accumulated        
                Additional     During the        
    Common Stock     Paid-in     Development        
    Number     Par Value     Capital     Stage     Total  
Balance, February 2, 2005, (Date of Inception)   -   $  -   $  -   $  -   $  -  
Capital stock issued for cash at $0.02 per share, October 30, 2005 (Note 4)   3,500,000     3,500     66,500     -     70,000  
Net loss   -     -     -     (4,013 )   (4,013 )
Balance, January 31, 2006   3,500,000     3,500     66,500     (4,013 )   65,987  
Donated services   -     -     4,500     -     4,500  
Net loss   -     -     -     (78,772 )   (78,772 )
Balance, January 31, 2007   3,500,000     3,500     71,000     (82,785 )   (8,285 )
Net loss   -     -     -     (33,845 )   (33,845 )
Balance, January 31, 2008   3,500,000     3,500     71,000     (116,630 )   (42,130 )
Net loss   -     -     -     (41,175 )   (41,175 )
Balance, January 31, 2009   3,500,000     3,500     71,000     (157,805 )   (83,305 )
Net loss   -     -     -     (18,855 )   (18,855 )
Balance, January 31, 2010   3,500,000   $  3,500   $  71,000   $  (176,660 ) $  (102,160 )

The accompanying notes are an integral part of these financial statements

F-22



INTERVIA INC.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Stated in US Dollars)

                February  
                2, 2005  
    Year     Year     (Inception)  
    ended     ended     to  
    January 31,     January 31,     January31,  
    2010     2009     2010  
                   
Operating Activities                  
   Net loss $  (18,855 $ (41,175 $  (176,660
   Item not requiring use of cash                  
         Donated capital   -     -     4,500  
                   
Adjustments to reconcile net loss to net cash used by operating activities:   -          
     Increase (decrease) in accounts payable and accrued liabilities   12,496     10,865     27,631  
                   
Net cash used in operating activities   (6,359 )   (30,310 )   (144,529 )
                   
Financing Activities                  
   Due to related party   6,359     30,310     74,529  
   Issuance of common shares   -     -     70,000  
                   
Net cash provided by financing activities   6,359     30,310     144,529  
                   
Change in cash   -     -     -  
                   
Cash, beginning   -     -     -  
                   
Cash, ending $  -   $ -   $  -  
                   
Supplemental cash flow information                  
                   
       Cash paid for interest $  -   $ -   $  -  
                   
       Cash paid for income taxes $  -   $ -   $  -  

The accompanying notes are an integral part of these financial statements

F-23



INTERVIA INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

1. NATURE OF BUSINESS

Intervia, Inc. (the “Company”) was incorporated in the State of Nevada on February 2, 2005. The Company was previously in the business of developing fuel cell products in China. During fiscal 2008, the Company suspended the development of their fuel cell products due to the inability to raise sufficient additional financing. Management is currently focusing on identifying, evaluating and negotiating new business opportunities.

The Company is considered to be a development stage company, has no assets and has not generated any revenues from operations. The Company’s shares were de-listed from the OTC-BB subsequent to filing the 10Q for the period ended October 31, 2008. The Company has not been in compliance with the filing requirements of the Securities Exchange Commission (“SEC”). The Company is currently in the process of completing all the required filings with the SEC to enable the Company to reinstate its shares for trading on the OTC-BB. The Company will obtain additional funding by borrowing funds from its director and officer, or by private placement of common stock. There can be no assurance that the Company will be successful in its efforts to raise additional financing or if financing is available, that it will be on terms that are acceptable to the Company.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As of January 31, 2010, the Company has not yet achieved profitable operations and has accumulated a deficit of $176,660 since inception. Its ability to continue as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted with any certainty at this time which raises substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Management is also aware that material uncertainties exist, related to current economic conditions, which could cast doubt about the entity’s ability to continue to finance its activities. It is expected that the Company will incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.

2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year-end is January 31.

Use of Estimates

The preparation of financial statements in conformity with US GAAP 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 periods. Actual results could materially differ from those estimates and assumptions. Significant areas requiring the use of management estimates relate to the expected tax rates for future income tax recoveries and determining the fair values of financial instruments.

F-24



INTERVIA INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

2. SIGNIFICANT ACCOUNTING POLICIES (cont’d)

Other Comprehensive Income

The Company follows standards for the reporting and display of comprehensive income (loss) and its components in the financial statements. During the years ended January 31, 2010 and 2009, the Company had no components that would cause comprehensive loss to be different than net loss.

Income Taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The Company accounts for uncertainty in income taxes by prescribing the recognition threshold that a tax position is required to meet before any part of the benefit of that position may be recognized in the financial statements.

Basic and Diluted Loss per Share

Basic loss per share is computed using the weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if potentially dilutive securities were exercised or converted to common stock. The dilutive effect of options and warrants and their equivalent is computed by application of the treasury stock method and the effect of convertible securities by the “if converted” method. For the years presented, diluted loss per share is equal to basic loss per share as the Company does not have any dilutive securities.

Financial Instruments

The carrying value of the Company’s financial instruments, consisting of accounts payable and accrued liabilities and amounts due to related party approximates their fair value due to the short maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

Stock-based Compensation

The Company records the compensation cost related to share-based payments, such as stock options and employee stock purchase plans, in the financial statements based on the grant-date fair value of the award.

Recent Accounting Pronouncements

In May 2009, the Financial Accounting Standards Board (“FASB”) issued guidance that establishes general standards of accounting for and disclosure of events that occur subsequent to the balance sheet date but before financial statements are issued. The statement defines two types of subsequent events (1) recognized subsequent events, which provide additional evidence about conditions that existed at the balance sheet date, and (2) non-recognized subsequent events, which provide evidence about conditions that did not exist at the balance sheet date, but arose before the financial statements were issued. Recognized subsequent events are required to be recognized in the financial statements, and non-recognized subsequent events are required to be disclosed. The adoption had no material impact on the Company’s financial position, results of operations or cash flows.

F-25



INTERVIA INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

2. SIGNIFICANT ACCOUNTING POLICIES (cont’d)

Recent Accounting Pronouncements (cont’d)

In June 2009, the FASB issued the Accounting Standards Codification, which establishes a sole source of US authoritative GAAP. The Codification is meant to simplify user access to all authoritative accounting guidance by reorganizing US GAAP pronouncements into approximately ninety accounting topics within a consistent structure; its purpose is not to create new accounting and reporting guidance. The adoption of this guidance did not have an effect on the Company’s results of operations, financial position or cash flows.

Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of the Company.

3. RELATED PARTY TRANSACTIONS

Amount due to related party at January 31, 2010 and 2009 is non-interest bearing, unsecured, with no stated terms of repayment.

All related party transactions are measured at the exchange amount which is determined by management to approximate their fair value.

4. COMMON STOCK

In October 2005, the Company issued 3,500,000 shares of common stock at a price of $0.02 per share for total proceeds of $70,000.

Common shares

The common shares of the Company are all of the same class, are voting and entitle stockholders to receive dividends. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends which may be declared.

Additional paid-in capital

The excess of proceeds received for shares of common stock over their par value of $0.001, less share issue costs, is credited to additional paid-in capital.

At January 31, 2010 and 2009, the Company had no issued or outstanding stock options or warrants.

F-26



INTERVIA INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

5. INCOME TAXES

The Company is subject to United States federal and state income taxes at an approximate rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

             
    2010     2009  
Net loss before income taxes $  (18,855 ) $  (41,175 )
Statutory tax rate   34%     34%  
Income tax recovery   (6,400 )   (14,000 )
Valuation allowance   6,400     14,000  
  $  -   $  -  

The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards, regardless of their time of expiry.

The Company has not filed income tax returns since inception in the United States. Tax authorities prescribe penalties for failing to file certain tax returns and supplemental disclosures. Upon filing there could be penalties and interest assessed. Such penalties vary by jurisdiction and by assessing practices and authorities. As the Company has incurred losses since inception there would be no known or anticipated exposure to penalties for income tax liability. However, certain jurisdictions may assess penalties for failing to file returns and other disclosures and for failing to file other supplementary information associated with foreign ownership, debt and equity positions. Inherent uncertainties arise over tax positions taken, or expected to be taken, with respect to transfer pricing, inter-company charges and allocations, financing charges, fees, related party transactions, tax credits, tax based incentives and stock based transactions.

Management has considered the likelihood and significance of possible penalties associated with its current and intended filing positions and has determined, based on their assessment, that such penalties, if any, would not be expected to be material.

No provision for income taxes has been provided in these financial statements due to the net loss for the years ended January 31, 2010 and 2009. At January 31, 2010, the Company has net operating loss carryforwards, which expire commencing in 2025. The potential tax benefit of these losses may be limited due to certain change in ownership provisions under Section 382 of the Internal Revenue Code (“IRS”) and similar state provisions.

IRS Section 382 places a limitation (the “Section 382 Limitation”) on the amount of taxable income which can be offset by net operating loss carryforwards after a change in control (generally greater than a 50% change in ownership) of a loss corporation. Generally, after a control change, a loss corporation cannot deduct operating loss carryforwards in excess of the Section 382 Limitation. Due to these “change in ownership” provisions, utilization of the net operating loss and tax credit carryforwards may be subject to an annual limitation regarding their utilization against taxable income in future periods. The Company has not concluded its analysis of Section 382 through January 31, 2009, but believes that the provisions will not limit the availability of losses to offset future income.

F-27



INTERVIA INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
January 31, 2010
(Stated in US Dollars)

6. SUBSEQUENT EVENT

On July 15, 2010, the Company entered into an Option Agreement to purchase a 100% interest in certain claims comprising the Proteus Property, located near Cobalt, Ontario.

The agreement requires the Company to make the following payments and incur the following amounts on exploration and development:

  a)

$25,000 cash upon the execution of the agreement (paid);

  b)

an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011 (paid);

  c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

  d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

The property is subject to a 2% Net Smelter Royalty, which the Company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of production.

F-28


MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Prospectus. The discussion of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future.

Forward Looking Statements

This Prospectus contains certain forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for the purposes of this Prospectus, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties and actual results could differ materially from those anticipated by the forward-looking statements.

Overview

We were incorporated in the State of Nevada on February 2, 2005. Our original business plan was to develop fuel cell technology and produce fuel cells in China for indoor forklifts, scooters, and personal watercraft, such as dive submersibles, that require a small sized fuel cell with longevity of use and silent operation. During fiscal 2008 we suspended the development of our products and business plan due to a lack of financing.

As of the date hereof, we have not been successful in our development of fuel cell technology and production of fuel cells. Historically, we have been able to raise a limited amount of capital through private placements of our equity stock, but we are uncertain about our continued ability to raise funds privately.

On July 15, 2010, we entered into an Option Agreement whereby we acquired the right to purchase a 100% interest in the Proteus Property located near Cobalt, Ontario, an area known historically for the production of silver ore and more recently, diamond prospecting, although there has been no commercial production of diamonds in the area to date. The property consists of three mineral claims comprising nine units.

The agreement requires our company to make the following payments and incur the following amounts on exploration and development:

  a)

$25,000 cash upon the execution of the agreement (paid);

  b)

an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011;

  c)

an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

  d)

incur an additional $150,000 in exploration expenditures by July 15, 2013.

The property is subject to a 2% Net Smelter Royalty, which our company has the right to purchase in 25% increments for $500,000, on or before 12 months from the date of entering into production. Pursuant to section 5.01 and 5.02 of the Option Agreement, we will hold the property in trust for the Optionor until the option is exercised or terminated. If we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, the Option Agreement will terminate, we will lose our right to acquire the property, and any funds spent by us in respect of the Option Agreement will be lost.

It is presently unknown whether the Proteus Property contains any mineral reserves and, accordingly, there is a high likelihood that any funds spent by us to explore the property will be lost.

With the entering into of the Option Agreement, we changed our business and are now a mineral exploration company with a focus on the Proteus Property. We now endeavor to plan and implement an exploration program for our Proteus Property for fall 2011.

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Since we are an exploration stage company, there is no assurance that a commercially viable mineral reserve exists on any of our current or future properties, To date, we do not know if an economically viable mineral reserve exists on our property and there is no assurance that we will discover one. Even if we do eventually discover a mineral reserve on our property, there can be no assurance that we will be able to develop our property into a producing mine and extract those resources. Both mineral exploration and development involve a high degree of risk and few properties which are explored are ultimately developed into producing mines.

Our current operational focus is to raise sufficient financing to devise and execute a plan of exploration for our Proteus Property and, if warranted, to fulfill the terms of our option agreement in respect of that property. To date we have not identified any sources of additional financing. If we are unable to identify and secure additional financing, we intend to delay, scale back, or eliminate our anticipated exploration program, or otherwise revise our business plan as required in order to sustain our day to day operations.

Purchase of Significant Equipment

We do not intend to purchase any significant equipment during the twelve months beginning May 1, 2011.

Personnel Plan

We do not expect any material changes in the number of employees during the twelve months beginning May 1, 2011. We do and will continue to outsource contract employment as needed.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors. Our principal capital resources have been through the subscription and issuance of common stock, although we have also used stockholder loans and advances from related parties.

Cash Requirements

Based on our net loss of $28,607 incurred during the three month period ended April 20, 2011, our monthly burn rate is $9,535. Approximately $12,834 or 45% of our expenses during that period are attributable to expenses incurred to advance our exploration program and in satisfaction of the annual work assessment requirements for the Proteus Property. We intend to conduct exploration activities on our newly optioned property during the twelve months beginning February 1, 2011. We estimate our operating expenses and working capital requirements for the twelve month period beginning February 1, 2011 to be as follows:

Estimated Expenses For the Twelve Month Period Beginning  
February 1, 2011      
       
Operating Expenses      
Professional Fees $  60,000  
Transfer and Filing Fees $  10,000  
Contingency $  30,000  
       
Subtotal $  100,000  
       
Exploration      
       
Phase One      
Line-Cutting $  16,000  
VLF-EM Geophysical Surveying $  3,500  
Magnetic Geophysical Surveying $  3,500  
IP-EM Geophysical Surveying $  32,000  
Reports Drafting and Maps $  1,500  
Road Access Brush Trimming $  4,000  
Excavation (Road) $  4,000  
Grading $  1,000  
Power Stripping and Power Washing (Road) $  10,000  
Mobilization/Demobilization of Heavy Equipment $  7,500  
Field Assistant/Prospector (4 Months) $  7,500  
Geologist (4 months) $  20,000  
Summary Report $  3,000  
Subtotal $  113,500  
       
       
Option Payment (June 15, 2011) $  25,000  
       
Phase Two Exploration Program $  261,500  
/Unallocated Reserve      
       
       
       
       
Total $  600,000  

At present, our cash requirements for the next 12 months (beginning February 1, 2011) outweigh the funds available to maintain our operations. Of the $600,000 that we require for the next 12 months, we had $1,918 in cash as of April 30, 2011, and a working capital deficit of $86,808. However, on July 18, 2011 we completed a private placement with one non U.S. person for aggregate gross proceeds of $100,000 which funds have been allocated toward essential operating expenses, and toward payments and exploration expenses required to maintain our option to acquire the Proteus Property. In order to improve our liquidity, we plan to pursue additional equity financing from private investors or possibly a registered public offering. we do not currently have any definitive arrangements in place for the completion of any further private placement financings and there is no assurance that we will be successful in completing any further private placement financings. If we are unable to achieve the necessary additional financing, then we plan to reduce the amounts that we spend on our business activities and administrative expenses in order to be within the amount of capital resources that are available to us. To that end, we estimate that the cost of maintaining nominal corporate operations will be approximately $3,500 per month or $42,000 over 12 months. Owing to the $100,000 proceeds raised from our most recent private placement on July 18, 2011, and in light of our current exploration obligations under the option agreement for the Proteus Property, we estimate that we have sufficient cash to sustain our current operations through the month of September, 2011. Although we have relied and intend to rely on intermittent interest free loans from our sole director and officer in order to sustain our day to day operations, we cannot guarantee that our sole officer and director will provide us with future loans.

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Pursuant to our Option Agreement to purchase the Proteus Property we are required to make the following payments and incur the following amounts on exploration and development:

(a) $25,000 cash upon the execution of the agreement (paid);

(b) an additional $25,000 cash and incur $75,000 in exploration expenditures by July 15, 2011;

(c) an additional $25,000 cash and incur an additional $100,000 in exploration expenditures by July 15, 2012; and

(d) incur an additional $150,000 in exploration expenditures by July 15, 2013.

According to the Option Agreement, if we fail to make any of the above described payments or expenditures in accordance with the applicable deadlines the Optionor will have the right to provide us with a notice of default. If we fail to cure our default within a 60 day period following the notice of default, the Option Agreement will terminate, we will lose our right to acquire the property, and any funds spent by us in respect of the Option Agreement will be lost. As of July 18, 2011, we have paid $50,000 to the Optionor in respect of the first and second option payments. Although we have not satisfied $75,000 work requirement due by July 15, 2011, the Optionor has agreed to waive the deadline for completion of the work to be performed. We have secured the waiver by advancing a deposit for necessary expenditures to the Optionor to be held in trust for the performance of our work obligations which are ongoing.

Results of Operations for the Three Months ended April 30. 2011, for the F iscal Years ended January 31, 2011 and January 31, 2010, and for the period from Inception (February 5, 2005 )) to January 31, 2011.

The following summary of our results of operations should be read in conjunction with our audited financial statements for the years ended January 31, 2011 and January 31, 2010, and for the three month period ended April 30, 2011.

Our operating result for the three month periods ended April 30, 2011 and April 30, 2010 are summarized as follows:

    Three months     Three months  
    ended     ended  
    April 30, 2011     April 30, 2010  
Revenue $  Nil   $  Nil  
Operating Expenses $  28,607   $  1,500  
  $  (28,607 $  (1,500 )

Our operating results for the years ended January 31, 2011, January 31, 2010, January 31, 2009 and for the period from Inception (February 5, 2005) to January 31, 2011 are summarized as follows:

          Inception  
    Year     (February 2,  
    Ended     2005)
    January 31     to January  
          31, 2011  
    2011     2010     2009        
                         
Revenue $  -   $  -   $  -   $    
Operating Expenses $  31,001   $  18,855   $  41,175   $  207,661  
Net Loss $  31,001   $  18,855   $  41,175   $  207,661  

Revenues

We did not earn any revenues from our inception through the three months ended April 30, 2011 and have not subsequently earned any revenues.

Operating Expenses

Our expenses for the three month periods ended April 30, 2011 and April 30, 2010 are outlined in the table below:

    Three months     Three months  
    ended     ended  
    April 30, 2011     April 30, 2010  
Donated service $  Nil   $  Nil  
Exploration $  12,834   $  Nil  
Office expenses $  Nil   $  Nil  
Professional fees $  10,702   $  1,500  
Transfer and filing fees $  5,071   $  Nil  

Operating expenses for the three months ended April 30, 2011 increased by 95% as compared to the comparative period in April 30, 2010 primarily as a result of increased professional fees and transfer and filing fees.

Our expenses for the three month periods ended April 30, 2011 and April 30, 2010, and for the years ended January 31, 2011, January 31, 2010, and January 31, 2009, and for the period from Inception (February 2, 2005) to January 31, 2011 are outlined in the table below:

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    Year     Year     Year     Inception  
    Ended     ended     ended     (February 2,  
    January     January     January     2005) to
    31, 2011     31, 2010     31, 2009     January 31,  
                      2011  
Donated Services $  -   $  -   $  -   $  4,500  
Office Expenses $  -   $ -   $  -   $  2,906  
Professional Fees $  28,215   $  18,498   $  38,653   $  194,504  
Transfer and Filing Fees $  2,786   $  357   $  2,523   $  5,751  
Net Loss $  31,001   $  18,855   $  41,116   $  207,661  

The increase in expenses during fiscal 2011 as compared to the same periods in fiscal 2010 was mainly due to an increase in professional fees resulting from the preparation of this Registration Statement and the completion of our most recent private placement in January, 2011.

The decrease in expenses during fiscal 2010 as compared to the same periods in fiscal 2009 and 2008 was mainly due to a decrease in professional and transfer agent and filing fees following the suspension of our original business plan at the end of fiscal 2008 and an ensuing decrease in the overall activity of our business.

Liquidity and Financial Condition as at April 30, 2011 and April 30, 2010

Working Capital

                Percentage  
    As at     As at     Increase/  
    April 30, 2011     January 31, 2011     (Decrease)  
Current Assets $  1,918   $  33,908     (94.34% )
Current Liabilities $  88,726   $  92,109     (3.67% )
Working Capital (deficiency) $  (86,808 ) $  (58,201 )   49.15%  

Cash Flows

    Three months Ended     Three months Ended  
    April 30, 2011     April 30, 2010  
Net cash used in operating activities $ 31,990   $  Nil  
Net cash used in investing activities   Nil   $  Nil  
Net cash provided by financing activities $ Nil   $  Nil  
Increase (decrease) In Cash $ (31,990 ) $  Nil  

Our net cash used by operating activities for the three months ended April 30, 2011 was $31,990 compared with $Nil for the three months ended April 30, 2010. We will require additional funding in order to meet our operating expenses.

Liquidity and Financial Condition as at January 31, 2011, January 31, 2010, and January 31, 2009

Our financial position as at January 31, 2011, January 31, 2010, and January 31, 2009 was as follows

Working Capital                  
    As at     As at     As at  
    January 31,     January 31,     January 31,  
    2011     2010     2009  
  $     $   $   
Current Assets   33,908     Nil     Nil  
Current Liabilities   92,109     102,161     83,305  
Working Capital (Deficiency)   (58,201 )   (102,161 )   (83,305 )

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Cash Flows                        
                      February  
    At     At     At     2, 2005  
    January     January     January     (Date of  
    31, 2011     31, 2010     31, 2009     Inception)  
  $    $    $      to January  
                      31,2011  
Net cash used in operations   44,466     (6,359 )   (30,310 )   (188,995 )
Net cash used in investing activities   (25,000 )   Nil     Nil     (25,000 )
Net cash provided by financing activities   103,374     6,359     30,310     247,903  
Increase In Cash During The Period   33,908     Nil     Nil     33,908  

We had cash in the amount of $33,908 as of January 31, 2011 as compared to $0 as of January 31, 2010. We had a working capital deficit of $58,201 as of January 31, 2011 compared to working capital deficit of $102,160 as of January 31, 2010. The increase in net cash used in operations for the year ended January 31, 2011, compared to the same period in fiscal 2010, was mainly due to an increase in professional fees resulting from the completion of a private placement of our common stock in January, 2011 and from the preparation of this registration statement.

We had cash in the amount of $Nil as of January 31, 2010 as compared to $Nil as of January 31, 2009. We had a working capital deficit of $102,160 as of January 31, 2010 compared to working capital deficit of $83,305 as of January 31, 2009. The decrease in net cash used in operations for the year ended January 31, 2010, compared to the same period in fiscal 2009, was mainly due to the inactivity of our company during fiscal 2010.

From February 2, 2005 (Date of Inception) to January 31, 2011, we used net cash in operation of $188,995, net cash in investing activities of $25,000 and raised net cash from financing activities of $247,903 resulting in an increase in cash from our inception of $33,908. Our management believes that we will need additional funding in order to meet our operating expenses.

Future Financings

Over the 12 months beginning May 1, 2011, we will require additional funds in order to execute our business plan

These funds may be raised through equity financing, debt financing, or other sources, which may result in further dilution in the equity ownership of our shares. There is still no assurance that we will be able to maintain operations at a level sufficient for an investor to obtain a return on his investment in our common stock. Furthermore, we will continue to be unprofitable.

Contractual Obligations

As a “smaller reporting company”, we are not required to provide tabular disclosure obligations.

Going Concern

We have not generated any revenues since our inception and we will continue to incur operating expenses without revenues for the foreseeable future. Our net loss from February 2, 2005 (date of inception) to January 31, 2011 was $207,661 and $236,268 as of April 30, 2011. We had cash of $33,908 as of January 31, 2011 and $1,918 as of April 30, 2011. We currently do not have any operations and we have no income. We estimate that our average monthly operating expenses will be approximately $50,000 each month, including exploration expenses, or $3,500 each month, not including exploration expenses. As a result of our current cash position, we cannot provide assurances that we will be able to successfully explore our mineral property or sustain our business. These circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent auditors’ report on our audited financial statements for the year ended January 31, 2011. If we are unable to continue as a going concern, investors will likely lose all of their investments in our company.

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Our ability to continue as a going concern is dependent on additional sources of capital and the success of our plan. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Use of Estimates

In order to prepare our financial statements in conformity with US GAAP our management is required to make estimates and assumptions that affect our reported financial positions and results of operations. Estimates and assumptions are based on information available to our management at the time such estimates and assumptions are made. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements and adjustments are made when our management becomes aware of new information that materially affects its past estimates and assumptions. Estimates and assumptions are used in, among other things, (1) estimating unbilled operating and exploration costs, (2) developing fair value assumptions with respect to the value of our financial instruments, including accrued liabilities and accounts payable, and (3) estimating our tax position. Actual results could differ materially from our estimates.

Other Comprehensive Income

Our company follows standards for the reporting and display of comprehensive income (loss) and our components in the financial statements. Comprehensive income (loss) is the sum of net income (loss) and other items that would be excluded from our income statement because they have not been realized, including items like an unrealized holding gain (or loss) from liquid investments, and foreign currency translation gains or losses. These items would not be included in net income, yet would be important enough to be included in comprehensive income in order to present a more comprehensive picture of our Company as a whole. During the three month period ended April 30, 2011, and during years ended January 31, 2011, 2010 and 2009, our company had no components that would cause our comprehensive loss to be different than net loss.

Income Taxes

Our company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Our company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. We recognize the future tax benefits to the extent that realization of such benefits is more likely than not. However, when we believe we do not or will not have sufficient future capital gain income or taxable income to realize the benefit of the capital loss, operating loss or tax credit carryforwards, we reduce the deferred tax assets by a valuation allowance. We recognize a valuation allowance if we determine, based on available evidence that it is unlikely that we will realize some portion or all of the deferred tax asset. We report the effect of a change in the valuation allowance in the current period tax expense.

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Basic and Diluted Loss per Share

Basic loss per share is calculated by dividing the net loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net loss per share is calculated by dividing the net loss available to common stockholders by the number of common shares that would be outstanding is all potentially dilutive securities, such as options, warrants, or convertible debt securities, were exercised. For the financial periods presented in this registration statement, diluted loss per share is equal to basic loss per share because our company does not have any outstanding dilutive securities.

Financial Instruments

The carrying value of our company’s financial instruments, which consist of accounts payable, accrued liabilities and amounts due to a related party, approximates their fair value due to the short maturity of such instruments. Unless otherwise noted, it is our management’s opinion that our company is not exposed to significant interest, currency or credit risks arising from these financial instruments. When a market price is not readily available and there is insignificant interest rate exposure affecting the value, the carrying value is considered to represent a reasonable estimate of fair value.

Stock-based Compensation

Although we have not granted any share-based compensation, we have adopted FASB Accounting Standards Codification 718 (Compensation-Stock Compensation and Share-based Payment) for compensation costs related to share-based payments. ASC 718 requires that a company measure the cost of employee services received in exchange for equity awards based on the grant date fair-value of the awards. Compensation costs in respect of share-based payment or option awards are based on the award’s fair value at grant, less the mount (if any) paid by the award recipient, with a corresponding credit to equity(generally, paid-in capital). The cost will be recognized as compensation expense over the vesting period of the awards. ASC 718 applies to all share-based payment transactions in which a company acquires goods or services by issuing company stock, or by incurring liabilities that are based on the fair value of the company’s stock or are settled by issuing company stock.

RECENT ACCOUNTING PRONOUNCEMENTS

In May 2009, the Financial Accounting Standards Board (“FASB”) issued guidance that establishes general standards of accounting for and disclosure of events that occur subsequent to the balance sheet date but before financial statements are issued. The statement defines two types of subsequent events (1) recognized subsequent events, which provide additional evidence about conditions that existed at the balance sheet date, and (2) non-recognized subsequent events, which provide evidence about conditions that did not exist at the balance sheet date, but arose before the financial statements were issued. Recognized subsequent events are required to be recognized in the financial statements, and non-recognized subsequent events are required to be disclosed. The adoption had no material impact on our company’s financial position, results of operations or cash flows.

In June 2009, the FASB issued the Accounting Standards Codification, which establishes a sole source of US authoritative GAAP. The Codification is meant to simplify user access to all authoritative accounting guidance by reorganizing US GAAP pronouncements into approximately ninety accounting topics within a consistent structure; our purpose is not to create new accounting and reporting guidance. The adoption of this guidance did not have an effect on our company’s results of operations, financial position or cash flows.

Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of our company.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

We have not had any changes in or disagreements with our independent public accountants during the last two fiscal years or in subsequent interim periods.

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DIRECTORS AND EXECUTIVE OFFICERS

The following individuals serve as the directors and executive officers of our company as of the date of this annual report. All directors of our company hold office until the next annual meeting of our shareholders or until their successors have been elected and qualified. The executive officers of our company are appointed by our board of directors and hold office until their death, resignation or removal from office.

Name
Position Held
with the Company
Age
Date First Elected or Appointed
Patrick Laferriere


President, Secretary,
Treasurer, Chief
Financial Officer and
Director
35


August 26, 2010


Business Experience

The following is a brief account of the education and business experience during at least the past five years of each director, executive officer and key employee of our company, indicating the person’s principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.

Patrick Laferriere – President, Secretary, Treasurer, Chief Financial Officer and Director

Mr. Laferriere has over 12 years experience in project management and development. Since 2005 Mr. Laferriere has served as General Manager for Quesnel Inc, an Ontario based food distributor. There Mr. Laferriere oversaw and controlled the daily operations. In 1997 Mr. Laferriere started his business career as director of sales for R.B Distributors, a Northern Ontario specialized food distributor. Mr. Laferriere was appointed vice president in 2000 where he was instrumental in doubling sales. Mr. Laferriere’s vision, integrity and leadership have led him to participate in startup companies who relied on him to oversee their entire business and to control the bottom line.

Family Relationships

Not applicable as we have a sole director and officer.

Involvement in Certain Legal Proceedings

None of our directors, executive officers, promoters or control persons has been involved in any of the following events during the past five years:

1. A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

2. Such person was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

33


3. Such person was the subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities:

i. Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity

ii. Engaging in any type of business practice; or

iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

4. Such person was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph (f) (3) (i) of this section, or to be associated with persons engaged in any such activity;

5. Such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

6. Such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

7. Such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:

i. Any Federal or State securities or commodities law or regulation; or

ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or

iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

8. Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

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Other Directorships

Our sole director does not hold any other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

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Board of Directors and Director Nominees

The Board will consider candidates for directors proposed by security holders, although no formal procedures for submitting candidates have been adopted. Unless otherwise determined, at any time not less than 90 days prior to the next annual Board meeting at which a slate of director nominees is adopted, the Board will accept written submissions from proposed nominees that include the name, address and telephone number of the proposed nominee; a brief statement of the nominee’s qualifications to serve as a director; and a statement as to why the security holder submitting the proposed nominee believes that the nomination would be in the best interests of our security holders. If the proposed nominee is not the same person as the security holder submitting the name of the nominee, a letter from the nominee agreeing to the submission of his or her name for consideration should be provided at the time of submission. The letter should be accompanied by a résumé supporting the nominee’s qualifications to serve on the Board, as well as a list of references.

The Board identifies director nominees through a combination of referrals from different people, including management, existing Board members and security holders. Once a candidate has been identified, the Board reviews the individual’s experience and background and may discuss the proposed nominee with the source of the recommendation. If the Board believes it to be appropriate, Board members may meet with the proposed nominee before making a final determination whether to include the proposed nominee as a member of the slate of director nominees submitted to security holders for election to the Board.

Some of the factors which the Board considers when evaluating proposed nominees include their knowledge of and experience in business matters, finance, capital markets and mergers and acquisitions. The Board may request additional information from each candidate prior to reaching a determination, and it is under no obligation to formally respond to all recommendations, although as a matter of practice, it will endeavor to do so.

Conflicts of Interest

Our directors are not obligated to commit their full time and attention to our business and, accordingly, they may encounter a conflict of interest in allocating their time between our operations and those of other businesses. In the course of their other business activities, they may become aware of investment and business opportunities which may be appropriate for presentation to us as well as other entities to which they owe a fiduciary duty. As a result, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented. They may also in the future become affiliated with entities, engaged in business activities similar to those we intend to conduct.

In general, officers and directors of a corporation are required to present business opportunities to a corporation if:

  • the corporation could financially undertake the opportunity;

  • the opportunity is within the corporation’s line of business; and

  • it would be unfair to the corporation and its stockholders not to bring the opportunity to the attention of the corporation.

We plan to adopt a code of ethics that obligates our directors, officers and employees to disclose potential conflicts of interest and prohibits those persons from engaging in such transactions without our consent.

36


Audit Committee

Our board of directors has determined that it does not have a member of its audit committee that qualifies as an "audit committee financial expert" as defined in Item 407(d)(5)(ii) of Regulation S-K, and is "independent" as the term is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities Exchange Act of 1934, as amended. We believe that our sole director is capable of analyzing and evaluating our financial statements and understanding internal controls and procedures for financial reporting. We believe that retaining an independent director who would qualify as an "audit committee financial expert" would be prohibitively costly is not warranted in our circumstances given the early stages of our development and the fact that we have not generated any revenues to date. In addition, we currently do not have nominating, compensation or audit committees or committees performing similar functions nor do we have a written nominating, compensation or audit committee charter. Our board of directors does not believe that it is necessary to have such committees because it believes the functions of such committees can be adequately performed by our board of directors.

Other Committees

We currently do not have any compensation or nominations committee or a compensation or nomination committee charter. We presently have a sole officer and director; if we expand our board of directors to three or more members, we intend to establish a compensation committee, and while we have no plans to establish a nominations committee, we will reevaluate our requirements for a nominations committee.

Code of Ethics

Our company's board of directors adopted a Code of Business Conduct and Ethics that applies to, among other persons, members of our board of directors, our company's officers including our president, chief executive officer and chief financial officer, employees, consultants and advisors. As adopted, our Code of Business Conduct and Ethics sets forth written standards that are designed to deter wrongdoing and to promote:

  1.

honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

     
  2.

full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications made by us;

     
  3.

compliance with applicable governmental laws, rules and regulations;

     
  4.

the prompt internal reporting of violations of the Code of Business Conduct and Ethics to an appropriate person or persons identified in the Code of Business Conduct and Ethics; and

     
  5.

accountability for adherence to the Code of Business Conduct and Ethics.

Our Code of Business Conduct and Ethics requires, among other things, that all of our company's Senior Officers commit to timely, accurate and consistent disclosure of information; that they maintain confidential information; and that they act with honesty and integrity.

In addition, our Code of Business Conduct and Ethics emphasizes that all employees, and particularly Senior Officers, have a responsibility for maintaining financial integrity within our company, consistent with generally accepted accounting principles, and federal and state securities laws. Any Senior Officer who becomes aware of any incidents involving financial or accounting manipulation or other irregularities, whether by witnessing the incident or being told of it, must report it to our company. Any failure to report such inappropriate or irregular conduct of others is to be treated as a severe disciplinary matter. It is against our company policy to retaliate against any individual who reports in good faith the violation or potential violation of our company's Code of Business Conduct and Ethics by another.

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Our Code of Business Conduct and Ethics is being filed with the Securities and Exchange Commission as Exhibit 14.1 to our annual report for the year ended January 31, 2009. We will provide a copy of the Code of Business Conduct and Ethics to any person without charge, upon request. Requests can be sent to: Intervia Inc., 3702 South Virginia Street, Suite G12-401, Reno, NV 89502.

EXECUTIVE COMPENSATION

The particulars of the compensation paid to the following persons:

  • our principal executive officer;

  • each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended January 31, 2011 and 2010; and

  • up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended January 31, 2011 and 2010,

who we will collectively refer to as the named executive officers of our company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

   SUMMARY COMPENSATION TABLE   





Name
and Principal
Position







Year






Salary
($)






Bonus
($)





Stock
Awards
($)





Option
Awards
($)


Non-Equity
Incentive
Plan
Compensatio
n
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)



All
Other
Compensa
tion
($)






Total
($)
Patrick
Laferriere(1)
President,
Secretary,
Treasurer, Chief
Financial Officer
and Director
2011
2010




N/A
N/A




N/A
N/A




N/A
N/A




N/A
N/A




N/A
N/A




N/A
N/A




N/A
N/A




N/A
N/A




Glenn Morimoto(2)
Former President,
Secretary,
Treasurer, Chief
Financial Officer
and Director
2011
2010



Nil
Nil



Nil
Nil



Nil
Nil



Nil
Nil



Nil
Nil



Nil
Nil



Nil
Nil



Nil
Nil



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(1) Mr. Laferriere was elected a director and appointed President, Secretary, Treasurer and Chief Financial Officer on August 26, 2010.

(2) Mr. Morimoto was elected a director and appointed President, Secretary, Treasurer and Chief Financial Officer on March 5, 2007 and resigned all positions on August 26, 2010.

There are no compensatory plans or arrangements with respect to our executive officers resulting from their resignation, retirement or other termination of employment or from a change of control.

Stock Option Plan

Currently, we do not have a stock option plan in favor of any director, officer, consultant or employee of our company.

Stock Options/SAR Grants

During our fiscal years ended January 31, 2011 and January 31, 2010, there were no options granted to our named officers or directors.

Outstanding Equity Awards at Fiscal Year End

No equity awards were outstanding as of the years ended January 31, 2011, or January 31, 2010.

Option Exercises

During our Fiscal year ended January 31, 2011 and January 31, 2010 there were no options exercised by our named officers.

Compensation of Directors

We do not have any agreements for compensating our directors for their services in their capacity as directors, although such directors are expected in the future to receive stock options to purchase shares of our common stock as awarded by our board of directors.

We have determined that none of our directors are independent directors, as that term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules.

Pension, Retirement or Similar Benefit Plans

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.

Indebtedness of Directors, Senior Officers, Executive Officers and Other Management

None of our directors or executive officers or any associate or affiliate of our company during the last two fiscal years, is or has been indebted to our company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of July 29 , 2011, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.




Name and Address of Beneficial Owner



Title of Class
Amount and
Nature of
Beneficial
Ownership


Percentage of
Class(1)
Patrick Laferriere (2)
823 Ontario ST.
Sudbury, Ontario, Canada P3L 4L1
Common

Nil

0.0%

 Directors and Officers as a group Common Nil 0.0%
Chan Lit Sang
601, 6th Floor, Wah Yuen Bld.,
Queens Road
Central Hong Kong
Common


1,200,000


7.69


Wong Ching Man Vienna
Blk 23/7 Hoi Tsing Crt,
Alberdeen Center
Hong Kong
Common


1,200,000


7.69


Chan Lit Chow
1/F, Rear Portion, 63 Nan Wan
Sun Tsuen Peng Chan
Hong Kong
Common


1,200,000


7.69


Arcoron Limited (3)
1904-6, 19/F
Dominion Centre
43-59 Queens Road
East Wanchai, Hong Kong
Common



1,200,000



7.69



Tranwicks Limited (4)
1904-6, 19/F
Dominion Centre
43-59 Queens Road
East Wanchai, Hong Kong
Common



1,200,000



7.69



40






Name and Address of Beneficial Owner



Title of Class
Amount and
Nature of
Beneficial
Ownership


Percentage of
Class(1)
Aurico Limited (5)
1904-6, 19/F
Dominion Centre
43-59 Queens Road
East Wanchai, Hong Kong
Common



1,200,000



8.33



Ng Hei
36 Floor 169 Electric Road
North Port, Hong Kong
Common

1,200,000

7.69

Gannvalley International Limited (6)
1st Floor, #5 Dekk House
De Lippora St, PO Box 456
Providence, Mahe, Seychelles
Common


2,400,000(7)


15.38(7)


Brownrigg International Limited (6)
1st Floor, #5 Dekk House
De Lippora St, PO Box 456
Providence, Mahe, Seychelles
Common


2,400,000(7)


15.38(7)


Starova Limited (8)
1904-6, 19/F
Dominion Centre
43-59 Queens Road
East Wanchai, Hong Kong
Common



1,200,000



7.69



Kai Kang
Shandong, China
Common
1,000,000
7.69
Zeyan Yao
Shandong, China
Common
1,000,000
7.69
Owners of 5% or more Common 14,000,000 92.92

(1)

Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided .In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on July 29 , 2011. As of July 29 , there were 15, 600 ,000 shares of our company’s common stock issued and outstanding.

41



(2)

Patrick Laferriere is our sole officer and director.

   
(3)

Dulip Charith Wijesinha has voting and dispositive control over securities held by Arcoron Limited.

   
(4)

Hassan Mohammed Musafer voting and dispositive control over securities held by Tranwicks Limited.

   
(5)

Dylan Baba Lye has voting and dispositive control over securities held by Aurico Limited.

   
(6)

Fahmy Jowharsha has voting and dispositive control over securities held by Gannvalley International and by Brownrigg International Limited.

   
(7)

Includes 1,200,000 shares held by Gannvalley International Limited and 1,200,000 shares held by Brownrigg International Limited.

   
(8)

Christopher Milton Wong has voting and dispositive control over securities held by Starova Limited.

Changes in Control

We are unaware of any contract or other arrangement or provisions of our Articles or Bylaws the operation of which may at a subsequent date result in a change of control of our company. There are not any provisions in our Articles or Bylaws, the operation of which would delay, defer, or prevent a change in control of our company.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Except as disclosed herein, no director, executive officer, shareholder holding at least 5% of shares of our common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the year ended January 31, 2011, in which the amount involved in the transaction exceeded or exceeds the lesser of $120,000 or one percent of the average of our total assets at the year end for the last three completed fiscal years.

Director Independence

We currently act with one director, Patrick Laferriere. We have determined that our director is not an “independent director” as defined in NASDAQ Marketplace Rule 4200(a)(15).

We do not have a standing audit, compensation or nominating committee, but our entire board of directors acts in such capacities. We believe that our members of our board of directors are capable of analyzing and evaluating our financial statements and understanding internal controls and procedures for financial reporting. The board of directors of our company does not believe that it is necessary to have an audit committee because we believe that the functions of an audit committee can be adequately performed by the board of directors. In addition, we believe that retaining an independent director who would qualify as an “audit committee financial expert” would be overly costly and burdensome and is not warranted in our circumstances given the early stages of our development.

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION OF SECURITIES ACT LIABILITIES

Our Bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law.

42


The general effect of the foregoing is to indemnify a control person, officer or director from liability, thereby making us responsible for any expenses or damages incurred by such control person, officer or director in any action brought against them based on their conduct in such capacity, provided they did not engage in fraud or criminal activity.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or control persons pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

DEALER PROSPECTUS DELIVERY OBLIGATION

Until a date, which is 90 days after the date of this prospectus, all dealers that effect transactions in these securities whether or not participating in this offering, may be required to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

43


PART II—INFORMATION NOT REQUIRED IN PROSPECTUS

OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

Our estimated expenses in connection with the issuance and distribution of the securities being registered in this Prospectus are as follows:

Commission filing fee $ 557.28  
Legal fees and expenses $ 20,000  
Accounting fees and expenses $ 2,500  
Miscellaneous $ 100  
Total $ 23,157.28  

INDEMNIFICATION OF DIRECTORS AND OFFICERS

The Nevada Revised Statutes provide that:

  • a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful;

  • a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by him in connection with the defense or settlement of the action or suit if he acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper; and

44


  • to the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defence of any action, suit or proceeding, or in defence of any claim, issue or matter therein, the corporation shall indemnify him against expenses, including attorneys’ fees, actually and reasonably incurred by him in connection with the defense.

We may make any discretionary indemnification only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances. The determination must be made:

  • by our stockholders;

  • by our board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;

  • if a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion;

  • if a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion; or

  • by court order.

Unless limited by our articles of incorporation (which is not the case with our articles of incorporation) a corporation must indemnify a director who is wholly successful, on the merits or otherwise, in the defence of any proceeding to which the director was a party because of being a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

RECENT SALES OF UNREGISTERED SECURITIES

On January 12, 2011, we issued an aggregate of 12,000,000 shares of our common stock at a price of $0.00833 per share, to 10 non U.S. persons (at that term as defined in Regulation S of the Securities Act of 1933), relying on Regulation S and/or Section 4(2) of the Securities Act of 1933 pursuant to the closing of a private placement, for aggregate gross proceeds of $99,960.

45


Exhibits

Exhibit Exhibit
Number Description
3.1 Articles of Incorporation (incorporated by reference to our Registration Statement on Form SB-2 filed on May 8, 2006).
3.2 Bylaws (incorporated by reference to our Registration Statement on Form SB-2 filed on May 8, 2006).
3.3 Amended and Restated Bylaws (incorporated by reference to our Current Report on Form 8-K filed on February 12, 2010)
4.1 Instrument Defining the Right of Holders – Form of Share Certificate (incorporated by reference to our Registration Statement on Form SB-2 filed on May 8, 2006)
5.1 Legal Opinion of Michael J. Morrison, Chtd. (incorporated by reference as Exhibit 5.1 of our Registration Statement on Form S-1 filed on April 14, 2011)
10.1 Option Agreement dated July 15, 2010 (incorporated by reference to our Annual Report on Form 10-K filed on December 15, 2010).
14.1 Code of Ethics (incorporated by reference to our Annual Report on Form 10-KSB filed on May 9, 2009).
23.1 Consent of Dale Matheson Carr-Hilton Labonte LLP
23.2 Consent of Michael J. Morrison, Chtd. (incorporated in Exhibit 5.1)

46


UNDERTAKINGS

The registrant hereby undertakes:

1.

To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

     
(i)

To include any prospectus required by section 10(a) (3) of the Securities Act;

     
(ii)

To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. 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 the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

     
(iii)

To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

     
2.

That for the purpose of determining liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, 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 which remain unsold at the termination of the offering; and

     
4.

That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the registrant undertakes that in a primary offering of securities of the registrant 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 registrant 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 registrant relating to the offering required to be filed pursuant to Rule 424;

     
(ii)

Any free writing prospectus relating to the offering prepared by or on behalf of the registrant or used or referred to by the registrant;

     
(iii)

The portion of any other free writing prospectus relating to the offering containing material information about the registrant or its securities provided by or on behalf of the registrant; and

     
(iv)

Any other communication that is an offer in the offering made by the registrant to the purchaser.

47


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

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

Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

48


Signatures

Pursuant to the requirements of the Securities Act, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, on June 2, 2011.

  INTERVIA INC.
     
     
  By: /s/ Patrick Laferriere
    Patrick Laferriere
    President, Secretary, Treasurer, Chief  
    Financial Officer and Director
    (Principal Executive Officer, Principal 
    Financial Officer and Principal Accounting
    Officer)

In accordance with the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates stated.

SIGNATURES TITLE DATE
     
     
  President, Secretary,  
/s/ Patrick Laferriere Treasurer, Chief Financial July 28 , 2011
Patrick Laferriere Officer and Director  
  (Principal Executive Officer,  
  Principal Financial Officer,  
  and Principal Accounting  
  Officer)  

49