Oro East Mining, Inc. - FORM 10-Q/A

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EX-31.1 - Oro East Mining, Inc.	ex31-1.htm
EX-31.2 - Oro East Mining, Inc.	ex31-2.htm
EX-32.1 - Oro East Mining, Inc.	ex32-1.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2011

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-53136

Oro East Mining, Inc.

(formerly known as Accelerated Acquisitions I, Inc.)

Delaware

(State or other jurisdiction of incorporation or organization)

26-2012582

(I.R.S. Employer Identification Number)

1127 Webster Street, Suite 28, Oakland, CA 94607

(Address of Principal Offices)

(510) 544-1516

(Issuer’s Telephone Number)

122 Ocean Park Blvd. Suite 307, Santa Monica, CA 90405

(Former name, former address and former fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

x Yes No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ¨

Accelerated Filer ¨

Non-Accelerated Filer ¨

(Do not check if a smaller

reporting company)

Smaller Reporting Company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨ No x

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 27,916,440 shares of common stock, par value $.0001 per share, outstanding as of January 4, 2012.

Transitional Small Business Disclosure Format (Check one): Yes ¨ No x

Table of Contents

Oro East Mining, Inc.

- TABLE OF CONTENTS-

		Page(s)
PART I – FINANCIAL INFORMATION:

Item 1.	Financial Statements (unaudited):	3

	Balance Sheets as of September 30, 2011 and December 31, 2010	3

	Statements of Expenses for the nine months ended September 30, 2011 and September 30, 2010 and for the Cumulative Period from Inception (February 15, 2008) to September 30, 2011	4

	Statements of Cash Flows for the nine months ended September 30, 2011, September 30, 2010 and for the Cumulative Period from Inception (February 15, 2008) to September 30, 2011	5

	Notes to Financial Statements	6

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	15

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	16

Item 4T.	Controls and Procedures	16

PART II – OTHER INFORMATION:

Item 1.	Legal Proceedings	17

Item 1A	Risk Factors	17

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17

Item 3.	Defaults Upon Senior Securities	18

Item 4.	(Reserved and Removed)	18

Item 5.	Other Information	18

Item 6.	Exhibits	18

Signatures		19

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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

ORO EAST MINING, INC.

(An Exploration Stage Company)

BALANCE SHEETS

(Unaudited)

	September 30,			December 31,
	2011			2010
	(Restated)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents,	$	347,485		$	126,355
Prepaid Expenses		192			1,423
Total Current Assets		347,677			127,778

NON CURRENT ASSETS
Fixed Assets (net of depreciation of $28,200)		234,984			263,184
TOTAL ASSETS	$	582,661		$	390,962

LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)

CURRENT LIABILITIES
Accrued liabilities	$	13,893		$	4,653
Accounts payable		119,023			70,922
Short term debt		281,169			281,169
Shareholder advances		145,900			1,930
TOTAL LIABILITIES	$	559,985		$	358,674

STOCKHOLDERS’ EQUITY:
Preferred stock, $.0001 par value; 10,000,000 shares authorized; none issued and outstanding					-
Common stock, $.0001 par value; 100,000,000 shares authorized; 27,630,000 and 27,100,500 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively		2,763			2,710
Additional paid-in capital		1,656,335			416,418
Deficit accumulated during the development stage		(1,636,422	)		(386,840	)

TOTAL STOCKHOLDERS’ EQUITY		22,676			32,288
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	582,661		$	390,962

See notes to unaudited financial statements.

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ORO EAST MINING, INC.

(An Exploration Stage Company)

Statements of Expenses (Unaudited)

FOR NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010


	Three months ended						Nine months ended						February 15,2008(Inception)
	September 30,						September 30,						through
	2011			2010			2011			2010			September 30, 2011
	(Restated)						(Restated)						(Restated)
Expenses:
Exploration costs	$	85,726		$	-		$	641,701		$	-		$	641,701
General and administrative		286,598			204,839			624,767			208,829			1,002,544
Depreciation expense		9,400			-			28,200			-			28,200

Total Operating Expenses		(381,724	)		(204,839	)		(1,294,668	)		(208,829	)		(1,672,445	)
Interest Income		58			-			217			-			217
Interest Expense		(3,093	)		-			(9,241	)		-			(13,894	)
Foreign exchange gain/(loss)		8,479			-			54,110			-			49,700
Total other income/(expense)		5,444			-			45,086			-			36,023
Net Loss	$	(376,280	)		(204,839	)	$	(1,249,582	)	$	(208,829	)	$	(1,636,422	)

PER SHARE INFORMATION:
Basic and diluted, net loss per share	$	(0.01	)	$	(0.01	)	$	(0.05	)	$	(0.02	)

Basic and diluted, weighted average shares outstanding		27,240,886			26,990,685			27,342,038			12,965,542

See notes to unaudited financial statements.

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ORO EAST MINING, INC.

An Exploration Stage Company

STATEMENTS OF CASH FLOWS

(unaudited)

FOR NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010

	For the Nine months ended September 30, 2011			For the Nine months ended September 30, 2010 (Restated)			February 15, 2008 (Inception) through September 30, 2011
	Restated						Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$	(1,249,582	)	$	(208,829	)	$	(1,636,422	)
Adjustments to reconcile net loss to net cash used in operating activities.
Shares issued for services		180,970			-			180,970
Depreciation expense		28,200			-			28,200
Changes in operating assets and liabilities:
Prepaid expenses and other current assets		1,231			(1,423	)		(192	)
Increase (decrease) in accounts payable and accrued expenses		57,341			77,036			137,358
Net cash used in operating activities		(981,840	)		(133,216	)		(1,290,086	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets		-			(4,923	)		(64,015	)
Net cash used in investing activities		-			(4,923	)		(64,015	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		1,059,000			203,685			1,470,685
Borrowings on debt		-			82,000			82,000
Shareholder advances		143,970			(27	)		148,901
Net cash provided by financing activities		1,202,970			285,658			1,701,586

NET(DECREASE)INCREASE IN CASH AND CASH EQUIVALENTS		221,130			147,519			347,485
Cash and cash equivalents at beginning of period		126,355			-			-

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	347,485		$	147,519		$	347,485

NON-CASH TRANSACTIONS
Debt forgiven by shateholders								7,443
Fixed assets purchased on short term debt								199,169
Fixed assets purchased on shareholder advances

See notes to unaudited financial statements.

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ORO EAST MINING, INC.

(An Exploration Stage Company)

NOTES TO UNAUDITED FINANCIAL STATEMENTS

September 30, 2011

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

(a) Organization and Business:

Oro East Mining, Inc. (“Oro” or the “Company”) was incorporated in Delaware on February 15, 2008 for the purpose of raising capital that is intended to be used in connection with its business plan which may include a possible merger, acquisition or other business combination with an operating business.

On July 2, 2010, the Company changed its business plan to become an exploration and refining company for the mining of gold, copper, and other precious or industrial mineral deposits through the acquisition of certain rights in the Republic of the Philippines. On that date, the Company entered into an Assignment of Rights Agreement with Oro-East Mining Company LTD. Oro assigned to the Company certain rights and obligations with respect to the permitted mining claims described in the Rights Agreement. Pursuant to the Rights Agreement, the Company will assume the rights and obligations of Oro to explore, extract, refine and produce precious metals and other industrial deposits on the claims and earn fees with respect to such services. By entering into the Rights Agreement, the Company commenced business as an exploration, mining, refinery and production company. The Company intends to focus on extracting gold, silver, copper, iron ore and other industrial minerals to primarily meet the demands of Chinese Government and companies for the mined minerals.

On November 18th, 2010, Oro East Mining, Inc. invested $50,000 to establish Oro East Greentech Philippines Inc.(“Greentech”). Greentech is wholly owned by Oro East and will be in charge of the mining business in Philippines. The financial statement presented are the consolidated for Oro East Mining, Inc. and Oro East Greentech Philippines Inc.

The Company is currently in the development stage. All activities of the Company to date relate to its organization, initial funding and share issuances.

(b) Basis of Presentation

The accompanying Interim Financial Statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission. In the opinion of management, all adjustments for a fair statement of the results and operations and financial position for the interim periods presented have been included. All such adjustments are of a normal recurring nature. The financial information should be read in conjunction with the Financial Statements and notes thereto included in the Company’s Form 10-K Annual Report for the year ended December 31, 2010. The September 30, 2011 consolidated financial statements presented herein may not be indicative of the results of the Company for the year ending December 31, 2011.

The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company has a negative deficit accumulated during the development stage of $785,551 and has negative working capital of $212,308 at September 30, 2011. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management’s plan includes obtaining additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty.

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(d) Exploration Costs

Mineral property exploration costs are expensed as incurred until such time as economic reserves are quantified. To date Oro East Mining, Inc. has not established any proven or probable reserves on its mineral properties.

NOTE 2 - RELATED PARTY TRANSACTIONS

The CEO of the company has paid expenses on behalf of the company totaling $145,900. The balance is unsecured, non interest bearing and due on demand.

NOTE 3 - EQUITY

During the 9 months ended September 30, 2011, the Company sold 529,500 shares at $2 per share for $1,059,000.

NOTE 4 - CAPITALIZATION OF ROAD IMPROVEMENT

During the first nine months of 2011, Oro East built roads in the Philippines to facilitate the exploration of mining properties. The roads were built without a signed property lease and the Company considers these as reasonable exploration expense and has capitalized the total road cost of $641,701. Since, the business operations have not commenced as of September 30, 2011 no depreciation is recognized.

NOTE 5 - SUBSEQUENT EVENTS

On October 6, 2011, company issued 50,000 at $2 per share for $100,000.

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NOTE 6 - RESTATEMENT

During November 2011, we discovered some errors in our financial statements , including (a) capitalized road costs that should have been expensed ($641,701), (b) depreciation not taken on trucks ($28,200) and (c) failure to previously record $180,970 in share based compensation for strategic and marketing consulting The effects of these restatement on reported amounts for the nine months ended September 30, 2011 are presented below in the following tables:

	Balance sheets
	As of September 30, 2011
	As Reported			Adjustments			Restated

ASSETS

TOTAL CURRENT ASSETS	$	347,677					$	347,677

Property, Plant and Equipment (net of depreciation of $28,200)		904,885			(669,901	)		234,984
Other Assets		-						-

TOTAL ASSETS	$	1,252,562					$	582,661

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

TOTAL LIABILITIES	$	559,985					$	559,985

Commitments and Contingencies

STOCKHOLDERS' (DEFICIT):
Preferred stock, $.0001 par value; 10,000,000 shares authorized;
no shares issued and outstanding at
September 30, 2011 and December 31, 2010		-						-
Common stock, $.0001 par value; 100,000,000 shares authorized;
27,630,500 and 5,000,000 shares issued and outstanding at
September 30, 2011 and December 31, 2010		2,763						2,763
Additional paid-in capital		1,475,365			180,970			1,656,335
Deficit accumulated during the development stage		(785,551	)		(850,871	)		(1,636,422	)
Total Stockholders' (Deficit)		692,577						22,676

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$	1,252,562					$	582,661

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	Statement of expenses
	For three months ended September 30, 2011
	As Reported			Adjustments			Restated

Operating Expenses:
Exploration cost	$	-			85,726		$	85,726
General and administrative expenses		224,281			62,317			286,598
Depreciation expense		-			9,400			9,400

Total operating expenses		224,281						381,724

Loss from Operations	$	(224,281	)				$	(381,724	)

Other Income/(Expense)
Foreign exchange gain/(loss)		58,522			(50,043	)		8,479
Interest expense		(3,093	)		-			(3,093	)
Interest income		58			-			58
Total Other Income (Expense)		55,487						5,444

Net (Loss)	$	(168,794	)				$	(376,280	)

Net (Loss) Per Share:
Basic and Diluted	$	(0.01	)				$	(0.01	)

Weighted Average Shares Outstanding
Basic and Diluted		27,240,886						27,240,886

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	Statement of expenses
	For nine months ended September 30, 2011
	As Reported			Adjustments		Restated

Operating Expenses:
Exploration cost	$	-			641,701	$	641,701
General and administrative expenses		443,797			180,970		624,767
Depreciation expense		-			28,200		28,200

Total operating expenses		443,797					1,294,668

Loss from Operations	$	(443,797	)			$	(1,294,668	)

Other Income/(Expense)
Foreign exchange gain/(loss)		54,110			-		54,110
Interest expense		(9,241	)		-		(9,241	)
Interest income		217			-		217
Total Other Income (Expense)		45,086					45,086

Net (Loss)	$	(398,711	)			$	(1,249,582	)

Net (Loss) Per Share:
Basic and Diluted	$	(0.01	)			$	(0.05	)

Weighted Average Shares Outstanding
Basic and Diluted		27,342,038					27,342,038

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	Statement of cash flows
	For nine months ended September 30, 2011
	As Reported			Adjustments			Restated

Cash flows from Operating Activities:
Net(loss)	$	(398,711	)		(850,871	)	$	(1,249,582	)
Adjustments to reconcile net loss to net cash used in operating activities:								-
Shares issued for services		-			180,970			180,970
Depreciation expense		-			28,200			28,200
Changes in operating assets an dliabilities:								-
Prepaid expenses and other current assets		1,231						1,231
Increase(decrease) in accounts payable		57,341						57,341
Net cash used in operating activities		(340,139	)					(981,840	)

Cash flows from investing activites:
Purchase of fixed assets		(525,625	)		525,625			-
Net cash used in investing activities		(525,625	)					-

Cash flows from financing activities:
Proceeds from issuance of common stock		1,059,000						1,059,000
shareholder advances		-						-
Capital Stock		27,894			116,076			143,970
Net cash provided by financing activities		1,086,894						1,202,970

Net increase in cash and cash equivalents		221,130						221,130
Cash and cash equivalents at beginning of period		126,355						126,355
Cash and cash equivalents at end of period	$	347,485					$	347,485

Noncash investing and financing activities:
Fixed assets purchased on shareholder advances		116,076			(116,076	)		-

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	Statement of cash flows
	From February 15, 2008 (inception) through September 30, 2011
	As Reported			Adjustments			Restated

Cash flows from Operating Activities:
Net(loss)	$	(785,551	)		(850,871	)	$	(1,636,422	)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services		-			180,970			180,970
Depreciation expense		-			28,200			28,200
Changes in operating assets an dliabilities:
Prepaid expenses and other current assets		(192	)					(192	)
Increase(decrease) in accounts payable		137,358						137,358
Net cash used in operating activities		(648,385	)					(1,290,086	)

Cash flows from investing activites:
Purchase of fixed assets		(589,640	)		525,625			(64,015	)
Net cash used in investing activities		(589,640	)					(64,015	)

Cash flows from financing activities:
Proceeds from issuance of common stock		1,470,685						1,470,685
shareholder advances		82,000						82,000
Capital Stock		32,825			116,076			148,901
Net cash provided by financing activities		1,585,510						1,701,586

Net increase in cash and cash equivalents		347,485						347,485
Cash and cash equivalents at beginning of period		-						-
Cash and cash equivalents at end of period	$	347,485					$	347,485

Noncash investing and financing activities:
Debt forgiven by shareholders		-						7,443
Fixed assets purchased on short term debt		-						199,169
Fixed assets purchased on shareholder advances		116,076			(116,076	)		-

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NOTE 7 – Restatement Three and nine months ended September 30, 2010

In connection with our review of the financial statements of Oro East Mining, Inc for the quarter ended September 30, 2011, we identified a clerical error in statement of expenses for the three and nine months ended September 30, 2010 and statement of cash flows for the nine months ended September 30, 2010.

The effects of the restatement on reported amounts for the quarter ended September 30, 2010 are presented below in the following tables:

	Statement of Expenses
	Three months ended September 30, 2010
	As Reported			Adjustments			As Restated
General and Administrative		213,752			(8,913	)		204,839
Net operating expenses		213,752			(8,913	)		204,839

Net Loss	$	(213,752	)	$	8,913		$	(204,839	)

Net Loss per share:
Basic and Diluted	$	(0.01	)	$	-		$	(0.01	)
Weighted average common shares outstanding:
Basic and Diluted		26,850,000						26,990,685

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	Statement of Expenses
	Nine months ended September 30, 2010
	As Reported			Adjustments			As Restated
General and Administrative		217,742			(8,913	)		208,829
Net operating expenses		217,742			(8,913	)		208,829

Net Loss	$	(217,742	)	$	8,913		$	(208,829	)

Net Loss per share:
Basic and Diluted	$	(0.01	)	$	-		$	(0.02	)
Weighted average common shares outstanding:
Basic and Diluted		26,850,000						12,965,542


	Statement of Cash flows
	Nine months ended September 30, 2010
	As Reported			Adjustments			As Restated
Cash flows from Operating Activities:
Net(loss)	$	(138,748	)	$	(70,081	)	$	(208,829	)
Prepaid expenses and other current assets		-			(1,423	)		(1,423	)
Increase(decrease) in accounts payable		(452	)		77,488			77,036
Net cash used in operating activities		(139,200	)		5,984			(133,216	)

Cash flows from investing activities:
Purchase of fixed assets		-			(4,923	)		(4,923	)
Net cash used in investing activities		-			(4,923	)		(4,923	)

Cash flows from financing activities:
Proceeds from issuance of common stock
Shareholder advances		86,642			(4,669	)		81,973
Capital Stock		201,500			2,185			203,685
Net cash provided by financing activities		288,142			(2,484	)		285,658

Net increase(decrease) in cash and cash equivalents		-			(1,423	)		147,519
Cash and cash equivalents at beginning of period		-			-			-
Cash and cash equivalents at end of period	$	148,942			(1,423	)	$	147,519

Noncash investing and financing activities:
Debt forgiven by shareholders		-			7,443			7,443
Proceeds from the issuance of common stock		2,385			(2,385	)		-
Cancellation of common shares		(350	)		350			-
Additional paid-in capital		350			(350	)		-
Stock subscription receivable		(2,385	)		2,385			-

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

From inception (February 15, 2008), the Company was organized as a vehicle to investigate and, if such investigation warrants, acquire or merge with a target company or business seeking the perceived advantages of being a publicly held corporation.

On July 2, 2010 the Company changed its business plan to become an exploration and refining company for the mining of gold, copper, and other precious or industrial mineral deposits through the acquisition of certain rights in the Republic of the Philippines. On that date, the Company entered into an Assignment of Rights Agreement (“Rights Agreement”) with Oro-East Mining Company LTD. Pursuant to the terms of the Rights Agreement, Oro assigned to the Company certain rights and obligations with respect to the permitted mining claims described in the Rights Agreement. Pursuant to the Rights Agreement, the Company will assume the rights and obligations of Oro to explore, extract, refine and produce precious metals and other industrial deposits on the claims and earn fees with respect to such services. By entering into the Rights Agreement, the Company commenced business as an exploration, mining, refinery and production company. The Company intends to focus on extracting gold, silver, copper, iron ore and other industrial minerals to primarily meet the demands of Chinese Government and companies for the mined minerals.

Results of Operations

For the nine months ending September 30, 2011, the Company had no revenues and incurred exploration costs of $641,701 and general and administrative expenses of $624,767, compared to no revenues and general and administrative expenses of $217,742 for the corresponding period of 2010.

Liquidity and Capital Resources

As of September 30, 2011, the Company had current assets equal to $347,677 and had current liabilities of $559,985.

The following is a summary of the Company's cash flows from operating, investing, and financing activities:

For the Cumulative nine months ended September 30, 2011

Operating activities	$	(981,840)
Investing activities	$	-
Financing activities	$	1,202,970

Net effect on cash	$	221,130

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

Item 4T. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of September 30, 2011. Based on this evaluation, our principal executive officer and principal financial officer has concluded that our disclosure controls and procedures are ineffective because of the identification of a material weakness in our internal control over financial reporting which is identified in our Management's Report on Internal Control Over Financial Reporting included with our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, which we view as an integral part of our disclosure controls and procedures.

Changes in Internal Control over Financial Reporting

There were no changes in our internal controls over financial reporting that occurred during the first quarter of fiscal 2011 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1. Legal Proceedings

To the best knowledge of the sole officer and sole director, the Company is not a party to any legal proceeding or litigation.

Item 1A. Risk Factors

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On January10, 2011, the company completed a private offering of its common shares and sold a total of 85,000 common shares at a price of $2.00 per share. The Company raised a total of $170,000 in this offering.

On January 18, 2011, the company completed a private offering of its common shares and sold a total of 25,000 common shares at a price of $2.00 per share. The Company raised a total of $50,000 in this offering.

On February 16, 2011, the company completed a private offering of its common shares and sold a total of 15,000 common shares at a price of $2.00 per share. The Company raised a total of $30,000 in this offering.

On March 12, 2011, the company completed a private offering of its common shares and sold a total of 10,000 common shares at a price of $2.00 per share. The Company raised a total of $20,000 in this offering

On March 31, 2011, the company completed a private offering of its common shares and sold a total of 5,000 common shares at a price of $2.00 per share. The Company raised a total of $10,000 in this offering

On April 22, 2011, the company completed a private offering of its common shares and sold a total of 75,000 common shares at a price of $2.00 per share. The Company raised a total of $140,000 in this offering

On April 27, 2011, the company completed a private offering of its common shares and sold a total of 5,000 common shares at a price of $2.00 per share. The Company raised a total of $10,000 in this offering.

On May 4, 2011, the company completed a private offering of its common shares and sold a total of 40,000 common shares at a price of $2.00 per share. The Company raised a total of $80,000 in this offering

On May 12, 2011, the company completed a private offering of its common shares and sold a total of 3,000 common shares at a price of $2.00 per share. The Company raised a total of $6,000 in this offering.

On May 16, 2011, the company completed a private offering of its common shares and sold a total of 16,500 common shares at a price of $2.00 per share. The Company raised a total of $33,000 in this offering.

On June 6, 2011, the company completed a private offering of its common shares and sold a total of 10,000 common shares at a price of $2.00 per share. The Company raised a total of $20,000 in this offering.

On June 23, 2011, the company completed a private offering of its common shares and sold a total of 30,000 common shares at a price of $2.00 per share. The Company raised a total of $60,000 in this offering.

On July 6, 2011, the company completed a private offering of its common shares and sold a total of 40,000 common shares at a price of $2.00 per share. The Company raised a total of $80,000 in this offering.

On August 24, 2011, the company completed a private offering of its common shares and sold a total of 4,000 common shares at a price of $2.00 per share. The Company raised a total of $8,000 in this offering.

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On August 25, 2011, the company completed a private offering of its common shares and sold a total of 2,500 common shares at a price of $2.00 per share. The Company raised a total of $5,000 in this offering.

On August 26, 2011, the company completed a private offering of its common shares and sold a total of 2,500 common shares at a price of $2.00 per share. The Company raised a total of $5,000 in this offering.

On August 26, 2011, the company completed a private offering of its common shares and sold a total of 5,000 common shares at a price of $2.00 per share. The Company raised a total of $10,000 in this offering.

On August 29, 2011, the company completed a private offering of its common shares and sold a total of 1,000 common shares at a price of $2.00 per share. The Company raised a total of $2,000 in this offering.

On August 29, 2011, the company completed a private offering of its common shares and sold a total of 5,000 common shares at a price of $2.00 per share. The Company raised a total of $10,000 in this offering.

On August 30, 2011, the company completed a private offering of its common shares and sold a total of 1,000 common shares at a price of $2.00 per share. The Company raised a total of $2,000 in this offering.

On September 8, 2011, the company completed a private offering of its common shares and sold a total of 2,000 common shares at a price of $2.00 per share. The Company raised a total of $4,000 in this offering.

On September 18, 2011, the company completed a private offering of its common shares and sold a total of 200,000 common shares at a price of $2.00 per share. The buyer, Link Harvest Green Resources Limited paid $300,000 on September 19, 2011 and for the $100,000 was paid on Oct 6, 2011.

Item 3. Defaults Upon Senior Securities

None.

Item 4. (Removed and Reserved)

None.

Item 5. Other Information

None

Item 6. Exhibits

Exhibit No.		Description
31.1		Rule 13a-14(a) Certification of Chief Executive Officer
31.2		Rule 13a-14(a) Certification of Chief Financial Officer
32.1		Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Chief Executive Officer
101.INS		XBRL Instance Document *
101.SCH		XBRL Taxonomy Extension Schema Document *
101.CAL		XBRL Taxonomy Extension Calculation Linkbase *
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document *
101.LAB		XBRL Taxonomy Extension Label Linkbase Document *
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document *

* Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, and otherwise are not subject to liability under those sections.

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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: January 4, 2012
	ORO EAST MINING, INC.

	By:	/s/ Tian Q Chen
		Tian Q Chen
		Chief Executive Officer

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Oro East Mining, Inc. - FORM 10-Q/A - January 5, 2012

Attached files

Oro East Mining, Inc. Reports