-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FvauC3/XqT2mXqrzjD/LXZXYau+Zwbg/v0DrDMCjFtNblRxhEcvoRpF6TYionoED nl0lWEF2ZzrQQI/WPQP0KQ== 0001393905-08-000357.txt : 20081217 0001393905-08-000357.hdr.sgml : 20081217 20081217160738 ACCESSION NUMBER: 0001393905-08-000357 CONFORMED SUBMISSION TYPE: POS AM PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20081217 DATE AS OF CHANGE: 20081217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Interfac Mining Inc. CENTRAL INDEX KEY: 0001414899 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 980577861 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: POS AM SEC ACT: 1933 Act SEC FILE NUMBER: 333-146639 FILM NUMBER: 081255072 BUSINESS ADDRESS: STREET 1: 3780 WEST BROADWAY CITY: VANCOUVER STATE: A1 ZIP: V6R 2C1 BUSINESS PHONE: 778-999-6100 MAIL ADDRESS: STREET 1: 3780 WEST BROADWAY CITY: VANCOUVER STATE: A1 ZIP: V6R 2C1 POS AM 1 infac_posam.htm POST EFFECTIVE AMENDMENT #1 TO FORM SB-2 ON FORM S-1 infac_posam.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

POST EFFECTIVE AMENDMENT #1 TO FORM SB-2
ON FORM S-1
SEC FILE NO: 333-146639

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


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

Nevada
1000
98-0577861
(State or jurisdiction of incorporation or organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification Number)

Interfac Mining Inc.
Hartz Road
Clavet, Saskatchewan, S0K 0Y0
Canada
Telephone: 306-931-9908
(Address and telephone number of principal executive offices)

Empire Stock Transfer Inc
2470 Saint Rose Parkway, Suite 304
Henderson, Nevada 89074
Telephone: 702-818-5898
(Name, address, and telephone number of agent for service)

Approximate date of proposed sale to the public:
as soon as practicable after the effective date of this Registration Statement
 
If any of the securities being registered on this Form are to be offered on a delayed  or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box  [X]
 
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [   ]
 
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  [X]
 
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.  See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company: in Rule 12b-2 of the Exchange Act (Check one):
 
Large accelerated filer  [   ]
Accelerated filer  [   ]
Non-accelerated filer  [   ]
Smaller reporting company  [X]
(Do not check if a smaller reporting company)
 


 
1

 


CALCULATION OF REGISTRATION FEE

TITLE OF EACH
CLASS OF
SECURITIES
TO BE
REGISTERED
AMOUNT TO BE REGISTERED
PROPOSED MAXIMUM OFFERING
PRICE PER
UNIT (1)
PROPOSED MAXIMUM AGGREGATE
OFFERING
PRICE (2)
AMOUNT OF
REGISTRATION
FEE (2)
Common Stock
2,250,000
$0.05 per share
$112,500
$12.04

(1)
Based on the last sales price on December 6, 2006
(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act.

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(a), MAY DETERMINE.

SUBJECT TO COMPLETION, Dated December 17, 2008


















 
2

 



PROSPECTUS
Interfac Mining Inc.
2,250,000 SHARES
COMMON STOCK

 
The selling shareholders named in this prospectus are offering all of the shares of common stock offered through this prospectus for a period of up to two years from the effective date.
 
Our common stock is quoted for trading on the OTC Bulletin Board under symbol “IFAC”.
 
----------------
 
THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK. See section entitled "Risk Factors" on pages 6-8.
 
The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
 
The selling shareholders will sell our shares at prevailing market prices through the facilities of the OTC Bulletin Board or privately negotiated prices.
 
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 Date of This Prospectus Is: December 17, 2008
 
 

 

 
3

 

 
Table of Contents
 
 
PAGE 
5
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7
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7
7
8
8
11
12
14
14
14
14
15
16
35
36
36
37
37
38
39
39
39
 
 

 

 
4

 



Prospective investors are urged to read this prospectus in its entirety.

On March 9, 2007, we entered into an agreement with Ms. Phyllis Byrne of Vernon, BC, whereby she agreed to sell to us one mineral claim located approximately 100 kilometers southwest of Williams Lake, British Columbia in an area having the potential to contain gold mineralization or deposits. In order to acquire a 100% interest in this claim, we paid $7,000 to Ms. Byrne.

However, we were unable to keep the mineral claim in good standing due to lack of funding and our interest in it has lapsed.

We are reviewing other potential acquisitions in the resource and non-resource sectors.  While we are in the process of completing due diligence reviews of several opportunities, there is no guarantee that we will be able to reach any agreement to acquire such assets.

Our plan of operation is to review other potential acquisitions in the resource and non-resource sectors. Currently, we are in the process of completing due diligence reviews of several business opportunities. We expect that these reviews could cost us a total of $15,000 in the next 12 months.

We were incorporated on June 15, 2006 under the laws of the state of Nevada.  Our principal offices are located at Hartz Road, Clavet, Saskatchewan, S0K 0Y0. Our phone number is 306-931-9908.

The Offering:

Securities Being Offered
Up to 2,250,000 shares of common stock.
   
Offering Price
The selling shareholders will sell our shares at prevailing market prices quoted on the OTC Bulletin Board, or privately negotiated prices.
   
Terms of the Offering
The selling shareholders will determine when and how they will sell the common stock offered in this prospectus.
   
Termination of the Offering
The offering will conclude when all of the 2,250,000 shares of common stock have been sold, the shares no longer need to be registered to be sold due to the operation of Rule 144(k) or we decide at any time to terminate the registration of the shares at our sole discretion. In any event, the offering shall be terminated no later than two years from the effective date of this registration statement.
   
Securities Issued and to be Issued
5,750,000 shares of our common stock are issued and outstanding as of the date of this prospectus. All of the common stock to be sold under this prospectus will be sold by existing shareholders.
   
Use of Proceeds
We will not receive any proceeds from the sale of the common stock by the selling shareholders.

 


 
5

 

Summary Financial Information

Balance Sheet

   
August 31, 2008
   
May 31, 2008
 
   
(unaudited)
   
(audited)
 
             
Cash
  $ 2,082     $ 56  
Total Assets
  $ 2,082     $ 56  
Liabilities
  $ 18,239     $ 12,635  
Total Stockholders’ Equity
  $ (16,157 )   $ (12,579 )

Statement of Operations

From Incorporation on
June 15, 2006 to August 31, 2008
(unaudited)

Revenue
  $ 0  
Net Loss
  $ (40,957 )


Risk Factors
 
An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and the other information in this prospectus before investing in our common stock. If any of the following risks occur, our business, operating results and financial condition could be seriously harmed. The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment.
 
IF WE DO NOT OBTAIN ADDITIONAL FINANCING OUR BUSINESS WILL FAIL.
 
Our current operating funds are less than necessary to complete any acquisition of a business interest and fund its future development.  As of August 31, 2008, we had cash on hand of only $2,082.  We currently do not have any operations and we have no income.  We will require additional funds to review, acquire and develop business assets.  We do not currently have any arrangements for financing and we can provide no assurance to investors that we will be able to find such financing if required.
 
The most likely source of future funds presently available to us is through the sale of equity capital. Any sale of share capital will result in dilution to existing shareholders.
 
BECAUSE WE HAVE NOT COMMENCED BUSINESS OPERATIONS, WE FACE A HIGH RISK OF BUSINESS FAILURE.
 
We were incorporated on June 15, 2006 and, to date, we have been involved primarily in organizational activities and the acquisition of a mineral property. We were unsuccessful in this initial business plan and are now seeking to acquire an interest in alternative assets. We may not be able to identify and acquire any interest in suitable business assets.
 
There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide investors with no assurance that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks, our business will fail.
 

 

 
6

 

 
BECAUSE OUR CONTINUATION AS A GOING CONCERN IS IN DOUBT, WE WILL BE FORCED TO CEASE BUSINESS OPERATIONS UNLESS WE CAN GENERATE PROFITABLE OPERATIONS IN THE FUTURE.
 
We have incurred losses since our inception resulting in an accumulated deficit of $40,957. Further losses are anticipated in the development of our business. As a result, there is substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due.  At this time, we cannot assure investors that we will be able to obtain financing. If we are unable to raise needed financing to meet our obligations, we will be insolvent and will cease business operations.
 
BECAUSE OUR DIRECTOR OWNS 60.9% OF OUR OUTSTANDING COMMON STOCK, HE COULD MAKE AND CONTROL CORPORATE DECISIONS THAT MAY BE DISADVANTAGEOUS TO MINORITY SHAREHOLDERS.
 
Our director owns approximately 60.9% of the outstanding shares of our common stock. Accordingly, he will have a significant influence in determining the outcome of all corporate transactions or other matters, including mergers, consolidations, and the sale of all or substantially all of our assets. He will also have the power to prevent or cause a change in control. The interests of our director may differ from the interests of the other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders.
 
BECAUSE OUR DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL.
 
Our president intends to devote 20% of his business time to our affairs. It is possible that the demands on him from his other obligations could increase with the result that he would no longer be able to devote sufficient time to the management of our business. In addition, our president may not possess sufficient time for our business if the demands of managing our business increased substantially beyond current levels.
 
A PURCHASER IS PURCHASING PENNY STOCK WHICH LIMITS HIS OR HER ABILITY TO SELL THE STOCK.
 
The shares offered by this prospectus constitute penny stock under the Securities and Exchange Act. The shares will remain penny stock for the foreseeable future. The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his or her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in our company will be subject to rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock.
 
Forward-Looking Statements
 
This prospectus contains forward-looking statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are most likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in the “Risk Factors” section and elsewhere in this prospectus.
 
Use of Proceeds
 
We will not receive any proceeds from the sale of the common stock offered through this prospectus by the selling shareholders.
 
Determination of Offering Price
 
The selling shareholders will sell our shares at prevailing market prices through the facilities of the OTC Bulletin Board or privately negotiated prices. 
 
 

 
7

 

 
 
The common stock to be sold by the selling shareholders is common stock that is currently issued and outstanding. Accordingly, there will be no dilution to our existing shareholders
 
Selling Shareholders
 
The selling shareholders named in this prospectus are offering all of the 2,250,000 shares of common stock offered through this prospectus. These shares were acquired from us in private placements that were exempt from registration under Rule 504 of Regulation D of the Securities Act of 1933. The shares include the following:
 
    1.           800,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation S of the Securities Act of 1933 and was completed on August 12, 2006;
    2.           1,300,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation S of the Securities Act of 1933 and was completed on September 18, 2006;
    3.           150,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation S of the Securities Act of 1933 and was completed on December 6, 2006.

The following table provides as of the date of this prospectus, information regarding the beneficial ownership of our common stock held by each of the selling shareholders, including:

1. the number of shares owned by each prior to this offering;
2. the total number of shares that are to be offered for each;
3. the total number of shares that will be owned by each upon completion of the offering; and
4. the percentage owned by each upon completion of the offering.

Name of Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number of
Shares To Be
Offered For Selling
Shareholders
Account
Total Shares
Owned Upon
Completion
Of This
Offering
Percent Owned
Upon Completion
Of This
Offering
 
Irena Sakic
#403 – 2088 Madison Avenue
Burnaby, BC  V5C 6T5
200,000
200,000
Nil
Nil
 
Koah Kruse
98 – 1446 W. 13th Avenue
Vancouver, BC  V6H 1N9
200,000
200,000
Nil
Nil





 
8

 


Name of Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number of
Shares To Be
Offered For Selling
Shareholders
Account
Total Shares
Owned Upon
Completion
Of This
Offering
Percent
Owned
Upon
Completion
Of This
Offering
 
Jasmine Tompkins
702 – 1465 W. 12th Avenue
Vancouver, Bc  V6H 1M7
 
 
200,000
 
 
200,000
 
 
Nil
 
 
Nil
 
David Tam
104 – 311 W. 13th Avenue
Vancouver, BC  V5Z 1N8
 
 
200,000
 
 
200,000
 
 
Nil
 
 
Nil
 
Jennifer Lowe
3072 West King Edward Avenue
Vancouver, BC  V6L 1V5
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Louisa Rees
1108 Emerson Way
North Vancouver, BC  V7H 2B3
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Scott Hiebert
3050 S.W. Marine Drive
Vancouver, BC  V6N 3Y3
 
 
100,000
 
100,000
 
 
Nil
 
 
Nil
 
Jennifer Duda
684 Esquimalt Avenue
West Vancouver, BC  V7T 1J5
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Christina Kiesel
1724 Arborlyn Drive
North Vancouver, BC  V7J 2V8
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Mallory Legge
35282 Munroe Avenue
Abbotsford, BC  V3G 2C1
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Daniel Schwartz
1005 – 30 Holly Street
Toronto, ON  M4S 3C2
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Jared Valentine
4455 Piccadilly N.
West Vancouver, BC  V7W 1C8
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Lee Reynolds
201 – 1625 W. 13th Avenue
Vancouver, BC  V6J 2G9
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil



 
9

 


Name of Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number of
Shares To Be
Offered For Selling
Shareholders
Account
Total Shares
Owned Upon
Completion
Of This
Offering
Percent Owned
Upon Completion
Of This
Offering
 
Kevin R. Chase
214 – 289 Alexander Street
Vancouver, BC  V6A 4H6
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
David Clifton
203-910 Richards St.
Vancouver, BC V6B 3C1
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Janice Pollock
210 – 1820 W. 3rd Avenue
Vancouver, BC  V6J 1K8
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Louise Murphy
3050 S.W. Marine Drive
Vancouver, BC  V6N 3Y3
 
 
100,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Steven Lammers
1205 – 1221 Homer Street
Vancouver, BC  V6B 1C5
 
 
15,000
 
 
100,000
 
 
Nil
 
 
Nil
 
Simone Bainbridge
704– 950 Cambie Street
Vancouver, BC  V6B 5X5
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
 
Kevin Mizuno
204 – 1535 Nelson Street
Vancouver, BC  V6G 1M2
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
 
Andrew Tai
11051 Blundell Road
Richmond, BC  V6Y 1L4
 
 
15,000
 
15,000
 
 
Nil
 
 
Nil
 
Cleo Schroeder
204 - 1535 Nelson Street
Vancouver, BC  V6G 1M2
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
 
Jeremy Nickolet
1615 Creekside Dr.
Nanaimo, BC  V9S 5V8
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
 
Joy Clifton
3102 – 455 Beach Crescent
Vancouver, BC  V6B 3C1
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil




 
10

 


Name of Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number of
Shares To Be
Offered For Selling
Shareholders
Account
Total Shares
Owned Upon
Completion
Of This
Offering
Percent Owned
Upon Completion
Of This
Offering
 
Shanna Nickolet
366 Parkview Pl.
Parksville, BC  V9P 1W1
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
Daniel Jaworski
47 East 52nd AVnenue
Vancouver, BC  V5X 1G3
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
Sarah Nickolet
1615 Creekside Drive
Nanaimo, BC  V9S 5V8
 
 
15,000
 
 
15,000
 
 
Nil
 
 
Nil
 
The named party beneficially owns and has sole voting and investment power over all shares or rights to these shares.  The numbers in this table assume that none of the selling shareholders sells shares of common stock not being offered in this prospectus or purchases additional shares of common stock, and assumes that all shares offered are sold.  The percentages are based on 5,750,000 shares of common stock outstanding on the date of this prospectus.
 
None of the selling shareholders:
 
 
(1)
has had a material relationship with us other than as a shareholder at any time within the past three years; or
     
 
(2)
has ever been one of our officers or directors.
 
Plan of Distribution
 
The selling shareholders may sell some or all of their common stock in one or more transactions, including block transactions. There are no arrangements, agreements or understandings with respect to the sale of these securities.
 
The selling shareholders will sell our shares at prevailing market prices through the facilities of the OTC Bulletin Board or at privately negotiated prices.
 
The shares may also be sold in compliance with the Securities and Exchange Commission's Rule 144.
 
If applicable, the selling shareholders may distribute shares to one or more of their partners who are unaffiliated with us. Such partners may, in turn, distribute such shares as described above. If these shares being registered for resale are transferred from the named selling shareholders and the new shareholders wish to rely on the prospectus to resell these shares, then we must first file a prospectus supplement naming these individuals as selling shareholders and providing the information required concerning the identity of each selling shareholder and he or her relationship to us. There is no agreement or understanding between the selling shareholders and any partners with respect to the distribution of the shares being registered for resale pursuant to this registration statement.
 
We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholders.
 
We are bearing all costs relating to the registration of the common stock. The selling shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.
 
The selling shareholders must comply with the requirements of the Securities Act and the Securities Exchange Act in the offer and sale of the common stock. In particular, during such times as the selling shareholders may be deemed to be engaged in a distribution of the common stock, and therefore be considered to be an underwriter, they must comply with applicable law and may, among other things:
 

 
11

 

 
 
1.
Not engage in any stabilization activities in connection with our common stock;
     
 
2.
Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and
     
 
3.
Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Securities Exchange Act.
 
The Securities Exchange Commission has also 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 or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).
 
The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure document prepared by the Commission, 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 a violation of such duties or other requirements
 
*
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 price;
 
*
contains a toll-free telephone number for inquiries on disciplinary actions;
 
*
defines significant terms in the disclosure document or in the conduct of trading penny stocks; and
 
*
contains such other information and is in such form (including language, type, size, and format) as the Commission shall require by rule or regulation;
 
The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with:
 
 
*
bid and offer quotations for the penny stock;
 
*
the compensation of the broker-dealer and its salesperson in the transaction;
 
*
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; and
 
*
monthly account statements showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those 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 acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling those securities.
 
Description of Securities
 
General
 
Our authorized capital stock consists of 75,000,000 shares of common stock at par value of $0.001 per share.
 
Common Stock
 
As of December 17, 2008, there were 5,750,000 shares of our common stock issued and outstanding that are held by 28 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.
 

 
12

 

 
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 a 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.
 
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 or any rights convertible or exchangeable into shares of our common stock.
 

 

 
13

 

 
Interests of Named Experts and Counsel
 
No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus 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 the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, an interest, direct or indirect, in the registrant or any of its parents or subsidiaries. Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.
 
The financial statements included in this prospectus and the registration statement have been audited by Michael T. Studer, CPA PC to the extent and for the periods set forth in their report appearing elsewhere in this document and in the registration statement filed with the SEC, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.
 
Description of Business
 
On March 9, 2007, we entered into an agreement with Ms. Phyllis Byrne of Vernon, BC, whereby she agreed to sell to us one mineral claim located approximately 100 kilometers southwest of Williams Lake, British Columbia in an area having the potential to contain gold mineralization or deposits. In order to acquire a 100% interest in this claim, we paid $7,000 to Ms. Byrne.

However, we were unable to keep the mineral claim in good standing due to lack of funding and our interest in it has lapsed.

We are reviewing other potential acquisitions in the resource and non-resource sectors.  While we are in the process of completing due diligence reviews of several opportunities, there is no guarantee that we will be able to reach any agreement to acquire such assets.

Our plan of operation is to review other potential acquisitions in the resource and non-resource sectors. Currently, we are in the process of completing due diligence reviews of several business opportunities. We expect that these reviews could cost us a total of $15,000 in the next 12 months.
 
Employees
 
We have no employees as of the date of this prospectus other than our one director.
 
Research and Development Expenditures
 
We have not incurred any other research or development expenditures since our incorporation.
 
Subsidiaries
 
We do not have any subsidiaries.
 
Patents and Trademarks
 
We do not own, either legally or beneficially, any patents or trademarks.
 
Description of Property
 
We do not own or lease any property.
 
Legal Proceedings

We are currently not party to any legal proceedings.  Our address for service of process in Nevada is 2470 St. Rose Parkway, Suite 304, Henderson, Nevada 89074.



 
14

 


Market for Common Equity and Related Stockholder Matters
 
No Public Market for Common Stock
 
While our shares are quoted for trading on the OTC Bulletin Board under the symbol “IFAC”, there is no liquid market for our stock.  We cannot assure you that an active trading market will develop and be sustained following the completion of this offering. Without a public market, it may be difficult for an investor to find a buyer for our common stock.
 
Stockholders of Our Common Shares
 
As of the date of this registration statement, we have 28 registered shareholders.
 
Rule 144 Shares
 
A total of 3,500,000 shares of our common stock are available for resale to the public in accordance with the volume and trading limitations of Rule 144 of the Act. In general, under Rule 144 as currently in effect, a person who has beneficially owned shares of a company's common stock for at least six months, provided that the company has been subject to the reporting requirements of the Securities Act of 1934 for a minimum of 90 days, is entitled to sell within any three month period a number of shares that does not exceed the greater of:
 
1.
1% of the number of shares of the company's common stock then outstanding which, in our case, will equal 35,000 shares as of the date of this prospectus; or
   
2.
the average weekly trading volume of the company's common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale.
 
Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about the company. The resale provisions of Rule 144 do not apply to securities issuers with no or nominal operations and no or nominal non-cash assets.
 
As of the date of this prospectus, persons who are our affiliates hold all of the 3,500,000 shares that may be sold pursuant to Rule 144.
 
Stock Option Grants
 
To date, we have not granted any stock options.
 
Registration Rights
 
We have not granted registration rights to the selling shareholders or to any other persons.
 
Dividends
 
There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:
 
1.
we would not be able to pay our debts as they become due in the usual course of business; or
   
2.
our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.
 
We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future.
 

 
15

 

 
Financial Statements
 
Index to Financial Statements:
 
 

 

 






 
16

 


 
 
 
INTERFAC MINING INC.
 
 
(An Exploration Stage Company)
 
 
FINANCIAL STATEMENTS
 
 
May 31, 2008 and 2007
 






 


 





 
17

 


 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 

To the Board of Directors and Stockholders of
Interfac Mining Inc.

I have audited the accompanying balance sheets of Interfac Mining Inc. (the Company), an exploration stage company, as of May 31, 2008 and 2007 and the related statements of operations, stockholders’ equity and cash flows for the year ended May 31, 2008, for the period June 15, 2006 (inception) to May 31, 2007, and for the period June 15, 2006 (inception) to May 31, 2008.  These financial statements are the responsibility of the Company’s management.  My responsibility is to express an opinion on these financial statements based on my audits.

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

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Interfac Mining Inc., an exploration stage company, as of May 31, 2008 and 2007 and the results of its operations and its cash flows for the year ended May 31, 2008, for the period June 15, 2006 (inception) to May 31, 2007, and for the period June 15, 2006 (inception) to May 31, 2008 in conformity with accounting principles generally accepted in the United States.

The accompanying financial statements referred to above have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, the Company’s present financial situation raises substantial doubt about its ability to continue as a going concern.  Management’s plans in regard to this matter are also described in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



/s/ Michael T. Studer CPA P.C.


Freeport, New York
August 11, 2008



 
18

 


INTERFAC MINING INC.
           
(An Exploration Stage Company)
           
Balance Sheets
           
             
             
   
May 31,
   
May 31,
 
   
2008
   
2007
 
             
ASSETS
           
Current Assets
           
Cash
  $ 56     $ 17,053  
Total Current Assets
    56       17,053  
Other assets
    -       -  
Total Assets
  $ 56     $ 17,053  
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
               
Current Liabilities
               
Accounts payable and accrued liabilities
  $ 7,135     $ 6,000  
Loans from related party (non-interest bearing, due on demand)
    5,500       -  
Total current liabilities
    12,635       6,000  
Stockholders' Equity (Deficiency)
               
Common stock, $0.001 par value;
               
authorized 75,000,000 shares,
               
issued and outstanding 5,750,000 and 5,750,000 shares, respectively
    5,750       5,750  
Additional paid-in capital
    19,050       19,050  
Deficit accumulated during the exploration stage
    (37,379 )     (13,747 )
Total stockholders' equity (deficiency)
    (12,579 )     11,053  
Total Liabilities and Stockholders' Equity (Deficiency)
  $ 56     $ 17,053  


See notes to financial statements.



 
19

 


INTERFAC MINING INC.
                 
(An Exploration Stage Company)
                 
Statements of Operations
                 
                   
                   
   
Year ended May 31, 2008
   
Period June 15, 2006 (Inception) to May 31, 2007
   
Cumulative from June 15, 2006 (Inception) to May 31, 2008
 
                   
Revenue
  $ -     $ -     $ -  
Total Revenue
    -       -       -  
                         
Cost and expenses
                       
General and administrative
    23,632       6,747       30,379  
Impairment of mineral interest acquisition costs
    -       7,000       7,000  
Total Costs and Expenses
    23,632       13,747       37,379  
Net Loss
  $ (23,632 )   $ (13,747 )   $ (37,379 )
                         
Net Loss per share
                       
Basic and diluted
  $ (0.00 )   $ (0.00 )        
                         
                         
Number of common shares used to compute net loss per share
                       
Basic and Diluted
    5,750,000       4,819,515          



See notes to financial statements.



 
20

 


INTERFAC MINING INC.
                             
(An Exploration Stage Company)
                             
Statements of Stockholders' Equity (Deficiency)
                         
For the period June 15, 2006 (Inception) to May 31, 2008
                   
                                   
                                   
       
Common Stock, $0.001 Par Value
   
Additional Paid-in Capital
   
Deficit Accumulated During the Exploration Stage
   
Total Stockholders' Equity
 
       
Shares
   
Amount
 
Sales of Common stock;
                             
  -  
July 28, 2006 at $0.001
    3,500,000     $ 3,500     $ -     $ -     $ 3,500  
  -  
August 12, 2006 at $0.001
    800,000       800       -       -       800  
  -  
August 30, 2006 at $0.01
    1,000,000       1,000       9,000       -       10,000  
  -  
September 18, 2006 at $0.01
    300,000       300       2,700       -       3,000  
  -  
November 30, 2006 at $0.05
    150,000       150       7,350       -       7,500  
     
Net loss for the period June 15, 2006 (inception)
                                       
     
to May 31, 2007
    -       -       -       (13,747 )     (13,747 )
Balance, May 31, 2007
    5,750,000       5,750       19,050       (13,747 )     11,053  
     
Net loss for the year ended May 31, 2008
    -       -       -       (23,632 )     (23,632 )
Balance, May 31, 2008
    5,750,000     $ 5,750     $ 19,050     $ (37,379 )   $ (12,579 )


See notes to financial statements.



 
21

 


INTERFAC MINING INC.
                 
(An Exploration Stage Company)
                 
Statements of Cash Flows
                 
                   
                   
                   
                   
   
Year ended May 31, 2008
   
Period June 15, 2006 (Inception) to May 31, 2007
   
Cumulative from June 15, 2006 (Inception) to May 31, 2008
 
                   
Cash Flows from Operating Activities
                 
Net loss
  $ (23,632 )   $ (13,747 )   $ (37,379 )
Adjustments to reconcile net loss to net cash
                       
provided by (used for) operating activities:
                       
    Impairment of mineral interest acquisition costs
    -       7,000       7,000  
Changes in operating assets and liabilities
                       
Accounts payable and accrued liabilities
    1,135       6,000       7,135  
Net cash provided by (used for) operating activities
    (22,497 )     (747 )     (23,244 )
                         
Cash Flows from Investing Activities
                       
Acquisition of mineral interest
    -       (7,000 )     (7,000 )
Net cash provided by (used for) investing activities
    -       (7,000 )     (7,000 )
                         
Cash Flows from Financing Activities
                       
Proceeds from sales of common stock
    -       24,800       24,800  
Loans from related party
    5,500       -       5,500  
Net cash provided by (used for) financing activities
    5,500       24,800       30,300  
                         
Increase (decrease) in cash
    (16,997 )     17,053       56  
Cash, beginning of period
    17,053       -       -  
                         
Cash, end of period
  $ 56     $ 17,053     $ 56  
                         
                         
Supplemental Disclosures of Cash Flow Information:
                       
Interest paid
  $ -     $ -     $ -  
Income taxes paid
  $ -     $ -     $ -  



See notes to financial statements.



 
22

 


INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
May 31, 2008
 

 
1.           ORGANIZATION AND BUSINESS OPERATIONS

Interfac Mining Inc. (the “Company”) was incorporated in the State of Nevada on June 15, 2006. On March 9, 2007, the Company acquired a 100% interest in the Zubiak mineral claim located in the Clinton Mining Division, British Columbia, Canada. On March 3, 2008, the claim was forfeited due to nonpayment of renewal fees. The Company is presently considering whether to stake another mineral claim or to search for other business opportunities, but has not reached a decision yet.

These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $37,379 as at May 31, 2008 and further losses are anticipated in the development of its business, raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future 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 intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placements of common stock. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.
 
2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
a)           Basis of Presentation
 
These financial statements are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars.
 
b)           Use of Estimates

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

The Company computes net loss per share in accordance with SFAS No. 128, “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted net loss per share gives effect to all dilutive potential common shares outstanding during the period. Diluted net loss per share excludes all potential common shares if their effect is anti-dilutive.

The Company has no potential dilutive instruments and accordingly basic net loss and diluted net loss per share are equal.


 
23

 


INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
May 31, 2008
 

 
2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
d)           Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
 
e)           Mineral Interest Costs

Mineral interest acquisition costs are capitalized and reviewed periodically for impairment. Exploration and development costs are expensed until the establishment of proven and probable reserves. If and when proven and probable reserves are established and production is determined to be probable, subsequent exploration and development costs will be capitalized and depleted using the units-of-production method over the estimated proven and probable reserves. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.
 
f)           Asset Retirement Obligations

The Company has adopted the provisions of SFAS No. 143, “Accounting for Asset Retirement Obligations”, which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment, or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at May 31, 2008, the Company does not believe its asset retirement obligations are material.
 
g)           Fair Value of Financial Instruments

The fair values of financial instruments, which consist of cash and accounts payable and accrued liabilities, approximate their carrying values due to the immediate or short-term maturity of these financial instruments. The Company’s operations are in Canada which results in exposure to market risks from changes in foreign currency rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk.
 
h)           Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax bases (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

At May 31, 2008, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.
 
i)           Foreign Currency Translation

The Company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated in accordance with SFAS No. 52 “Foreign Currency Translation”, using the exchange rate prevailing at the balance sheet date. Gains and losses resulting from translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars.
 

 
24

 


INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
May 31, 2008
 

 
2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
j)           Stock-Based Compensation

The Company will account for any stock-based compensation in accordance with SFAS No. 123R, “Share-Based Payment”, for employees and in accordance with SFAS No. 123, “Accounting for Stock-Based Compensation”, for nonemployees. Through May 31, 2008, the Company has not granted any stock options or engaged in any other stock-based compensation.
 
k)           Recently Issued Accounting Pronouncements

Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these pronouncements is not expected to be material.
 
3.           MINERAL INTEREST
 
On March 9, 2007, the Company acquired a 100% interest in one mineral claim located in the northwest of Clinton Mining Division, British Columbia for total consideration of $7,000.
 
After a review of all relevant data relating to the mineral interest at May 31, 2007, the Company decided to record an impairment charge of $7,000 and reduced the carrying amount of the mineral interest acquisition costs to $0.
 
On March 3, 2008, the claim was forfeited due to nonpayment of renewal fees.
 
4.           COMMON STOCK
 
The Company is authorized to issue 75,000,000 shares of common stock with a par value of $0.001 per share and no other class of shares is authorized.
 
On July 28, 2006, the Company sold 3,500,000 shares of common stock at a price of $0.001 per share for cash proceeds of $3,500.
 
On August 12, 2006, the Company sold 800,000 shares of common stock at a price of $0.001 per share for cash proceeds of $800.
 
On August 30, 2006, the Company sold 1,000,000 shares of common stock at a price of $0.01 per share for cash proceeds of $10,000.
 
On September 18, 2006, the Company sold 300,000 shares of common stock at a price of $0.01 per share for cash proceeds of $3,000.
 
On November 30, 2006, the Company sold 150,000 shares of common stock at a price of $0.05 per share for cash proceeds of $7,500.
 
At May 31, 2008, no stock options, warrants, or other potentially dilutive securities were outstanding.
 
 


 
25

 

INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
May 31, 2008
 

 
5.           INCOME TAXES
 
The provision for income taxes (benefit) differs from the amount computed by applying the statutory United States federal income tax rate of 35% to income (loss) before income taxes. The sources of the difference follow:

   
Year ended May 31, 2008
   
Period June 15,
2006 (Inception)
to May 31, 2007
 
Expected tax at 35%
  $ (8,271 )   $ (4,811 )
Increase in valuation allowance
    8,271       4,811  
Income tax provision
  $ -     $ -  

Significant components of the Company’s deferred income tax assets are as follows:

   
May 31,
   
May 31,
 
   
2008
   
2007
 
             
Net operating loss carryforword
  $ 13,083     $ 4,811  
Valuation allowance
    (13,083 )     (4,811 )
                 
Net deferred tax assets
  $ -     $ -  

Based on management’s present assessment, the Company has not yet determined it to be more likely than not that the deferred tax asset of $13,083 at May 31, 2008 attributable to the future utilization of the net operating loss carryforward of $37,379 will be realized. Accordingly, the Company has provided a 100% allowance against the deferred tax asset in the financial statements. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforward expires $13,747 in 2027 and $23,632 in 2028.
 
Current United States income tax laws limit the amount of loss available to offset against future taxable income when a substantial change in ownership occurs.  Therefore, the amount available to offset future taxable income may be limited.
 
6.           REGISTRATION STATEMENT
 
On October 11, 2007, the Company filed a Registration Statement on Form SB-2 with the United States Securities and Exchange Commission (“SEC”) to register 2,250,000 shares of common stock for resale by existing stockholders of the Company at $0.05 per share until the shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices. On January 14, 2008, the Registration Statement was declared effective by the SEC. The Company will not receive any proceeds from the resale of shares of common stock by the shareholders.
 

 

 
26

 

 

 
 
Interfac Mining Inc.
 
(An Exploration Stage Company)

 
 
Unaudited Financial Statements
 
August 31, 2008
 
 


 



 



 





 
27

 


INTERFAC MINING INC.
           
(An Exploration Stage Company)
           
Balance Sheets
           
             
             
   
August 31,
   
May 31,
 
   
2008
   
2008
 
   
(Unaudited)
   
(Audited)
 
ASSETS
           
Current Assets
           
Cash
  $ 2,082     $ 56  
Total Current Assets
    2,082       56  
Other assets
    -       -  
Total Assets
  $ 2,082     $ 56  
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
               
Current Liabilities
               
Accounts payable and accrued liabilities
  $ 9,039     $ 7,135  
Loans from related party (non-interest bearing, due on demand)
    9,200       5,500  
Total current liabilities
    18,239       12,635  
Stockholders' Equity (Deficiency)
               
Common stock, $0.001 par value;
               
authorized 75,000,000 shares,
               
issued and outstanding 5,750,000 and 5,750,000 shares, respectively
    5,750       5,750  
Additional paid-in capital
    19,050       19,050  
Deficit accumulated during the exploration stage
    (40,957 )     (37,379 )
Total stockholders' Equity (Deficiency)
    (16,157 )     (12,579 )
Total Liabilities and Stockholders' Equity (Deficiency)
  $ 2,082     $ 56  


See notes to financial statements.


 
28

 


INTERFAC MINING INC.
                 
(An Exploration Stage Company)
                 
Statements of Operations
                 
(Unaudited)
                 
                   
                   
                   
                   
   
Three Months Ended August 31, 2008
   
Three Months Ended August 31, 2007
   
Cumulative from June 15, 2006 (Inception) to August 31, 2008
 
                   
Revenue
  $ -     $ -     $ -  
Total Revenue
    -       -       -  
                         
Cost and expenses
                       
General and administrative
    3,578       840       33,957  
Impairment of mineral interest acquisition costs
    -       -       7,000  
Total Costs and Expenses
    3,578       840       40,957  
Net Loss
  $ (3,578 )   $ (840 )   $ (40,957 )
                         
Net Loss per share
                       
Basic and diluted
  $ (0.00 )   $ (0.00 )        
                         
                         
Number of common shares used to compute net loss per share
                       
Basic and Diluted
    5,750,000       5,750,000          


See notes to financial statements.



 
29

 


INTERFAC MINING INC.
                             
(An Exploration Stage Company)
                             
Statements of Stockholders' Equity (Deficiency)
                         
For the period June 15, 2006 (Inception) to August 31, 2008
                   
                                   
                                   
       
Common Stock, $0.001 Par Value
   
Additional Paid-in Capital
   
Deficit Accumulated During the Exploration Stage
   
Total Stockholders' Equity
 
       
Shares
   
Amount
 
Sales of Common stock;
                             
  -  
July 28, 2006 at $0.001
    3,500,000     $ 3,500     $ -     $ -     $ 3,500  
  -  
August 12, 2006 at $0.001
    800,000       800       -       -       800  
  -  
August 30, 2006 at $0.01
    1,000,000       1,000       9,000       -       10,000  
  -  
September 18, 2006 at $0.01
    300,000       300       2,700       -       3,000  
  -  
November 30, 2006 at $0.05
    150,000       150       7,350       -       7,500  
     
Net loss for the period June 15, 2006 (inception)
                                       
     
to May 31, 2007
    -       -       -       (13,747 )     (13,747 )
Balance, May 31, 2007
    5,750,000       5,750       19,050       (13,747 )     11,053  
     
Net loss for the year ended May 31, 2008
    -       -       -       (23,632 )     (23,632 )
Balance, May 31, 2008
    5,750,000     $ 5,750     $ 19,050     $ (37,379 )   $ (12,579 )
     
Unaudited:
                                       
     
Net loss for the three months ended August 31, 2008
                      (3,578 )     (3,578 )
Balance, August 31, 2008
          $       $       $ (40,957 )   $ (16,157 )


See notes to financial statements.



 
30

 


INTERFAC MINING INC.
                 
(An Exploration Stage Company)
                 
Statements of Cash Flows
                 
(Unaudited)
                 
                   
                   
                   
   
Three Months Ended August 31, 2008
   
Three Months Ended August 31, 2007
   
Cumulative from June 15, 2006 (Inception) to August 31, 2008
 
                   
Cash Flows from Operating Activities
                 
Net loss
  $ (3,578 )   $ (840 )   $ (40,957 )
Adjustments to reconcile net loss to net cash
                       
provided by (used for) operating activities:
                       
    Impairment of mineral interest acquisition costs
    -       -       7,000  
Changes in operating assets and liabilities
                       
Accounts payable and accrued liabilities
    1,904       (5,205 )     9,039  
Net cash provided by (used for) operating activities
    (1,675 )     (6,045 )     (24,918 )
                         
Cash Flows from Investing Activities
                       
Acquisition of mineral interest
    -       -       (7,000 )
Net cash provided by (used for) investing activities
    -       -       (7,000 )
                         
Cash Flows from Financing Activities
                       
Proceeds from sales of common stock
    -       -       24,800  
Loans from related party
    3,700       -       9,200  
Net cash provided by (used for) financing activities
    3,700       -       34,000  
                         
Increase (decrease) in cash
    2,026       (6,045 )     2,082  
Cash, beginning of period
    56       17,053       -  
                         
Cash, end of period
  $ 2,082     $ 11,008     $ 2,082  
                         
                         
Supplemental Disclosures of Cash Flow Information:
                       
Interest paid
  $ -     $ -     $ -  
Income taxes paid
  $ -     $ -     $ -  


See notes to financial statements.


 
31

 

 
INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
August 31, 2008
(Unaudited)
 

 
1.           ORGANIZATION AND BUSINESS OPERATIONS
 
Interfac Mining Inc. (the “Company”) was incorporated in the State of Nevada on June 15, 2006. On March 9, 2007, the Company acquired a 100% interest in the Zubiak mineral claim located in the Clinton Mining Division, British Columbia, Canada. On March 3, 2008, the claim was forfeited due to nonpayment of renewal fees. The Company is presently considering other potential acquisitions in the resource and non-resource sectors.

These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $40,957 as at August 31, 2008 and further losses are anticipated in the development of its business, raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future 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 intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placements of common stock. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.
 
2.           INTERIM FINANCIAL INFORMATION
 
The unaudited financial statements as of August 31, 2008 and for the three months ended August 31, 2008 and 2007 and for the period June 15, 2006 (inception) to August 31, 2008 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with instructions to Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of August 31, 2008 and the results of operations and cash flows for the periods then ended. The financial data and other information disclosed in these notes to the interim financial statements relating to these periods are unaudited. The results for the three month period ended August 31, 2008 are not necessarily indicative of the results to be expected for any subsequent quarter of the entire year ending May 31, 2009. The balance sheet at May 31, 2008 has been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year end May 31, 2008 as included in our Form 10-KSB filed with the Securities and Exchange Commission.
 
3.           MINERAL INTEREST

On March 9, 2007, the Company acquired a 100% interest in one mineral claim located in the northwest of Clinton Mining Division, British Columbia for total consideration of $7,000.

After a review of all relevant data relating to the mineral interest at May 31, 2007, the Company decided to record an impairment charge of $7,000 and reduced the carrying amount of the mineral interest acquisition costs to $0.

On March 3, 2008, the claim was forfeited due to nonpayment of renewal fees.



 
32

 

 
INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
August 31, 2008
(Unaudited)
 

 
4.           COMMON STOCK
 
The Company is authorized to issue 75,000,000 shares of common stock with a par value of $0.001 per share and no other class of shares is authorized.

On July 28, 2006, the Company sold 3,500,000 shares of common stock to a director at a price of $0.001 per share for cash proceeds of $3,500.

On August 12, 2006, the Company sold 800,000 shares of common stock at a price of $0.001 per share for cash proceeds of $800.

On August 30, 2006, the Company sold 1,000,000 shares of common stock at a price of $0.01 per share for cash proceeds of $10,000.

On September 18, 2006, the Company sold 300,000 shares of common stock at a price of $0.01 per share for cash proceeds of $3,000.

On November 30, 2006, the Company sold 150,000 shares of common stock at a price of $0.05 per share for cash proceeds of $7,500.

At August 31, 2008, no stock options, warrants, or other potentially dilutive securities were outstanding.
 
5.           INCOME TAXES
 
The provision for income taxes (benefit) differs from the amount computed by applying the statutory United States federal income tax rate of 35% to income (loss) before income taxes. The sources of the difference follow:

   
Three Months
Ended
 August 31,2008
   
Period June 15, 2006
(Inception) to
August 31,2008
 
             
Expected tax at 35%
  $ (1,252 )   $ (14,335 )
Increase in valuation allowance
    1,252       14,335  
Income tax provision
  $ -     $ -  

Significant components of the Company’s deferred income tax assets are as follows:

   
August 31,
   
May 31,
 
   
2008
   
2008
 
             
Net operating loss carryforword
  $ 14,335     $ 13,083  
Valuation allowance
    (14,335 )     (13,083 )
Net deferred tax assets
  $ -     $ -  



 
33

 

 
INTERFAC MINING INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
August 31, 2008
(Unaudited)
 

 
5.           INCOME TAXES (Continued)
 
Based on management’s present assessment, the Company has not yet determined it to be more likely than not that the deferred tax asset of $14,335 at August 31, 2008 attributable to the future utilization of the net operating loss carryforward of $40,957 will be realized. Accordingly, the Company has provided a 100% allowance against the deferred tax asset in the financial statements. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforward expires $13,747 in 2027, $23,632 in 2028, and $3,578 in 2029.

Current United States income tax laws limit the amount of loss available to offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited.
 
6.           REGISTRATION STATEMENT
 
On October 11, 2007, the Company filed a Registration Statement on Form SB-2 with the United States Securities and Exchange Commission (“SEC”) to register 2,250,000 shares of common stock for resale by existing stockholders of the Company at $0.05 per share until the shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices. On January 14, 2008, the Registration Statement was declared effective by the SEC. The Company will not receive any proceeds from the resale of shares of common stock by the shareholders.
 
7.           SUBSEQUENT EVENT
 
On September 10, 2008, the Company’s president and sole director Shawn Edward Stecklar purchased 3,500,000 shares of common stock from the Company’s former president and sole director, resulting in a change in control of the Company.





 
34

 


Management’s Discussion and Analysis

Plan of Operation

Our plan of operation for the twelve months following the date of this filing is to review other potential acquisitions in the resource and non-resource sectors.  Currently, we are in the process of completing due diligence reviews of several business opportunities.  We expect that these reviews could cost us a total of $15,000 in the next 12 months.

In the next 12 months, we also anticipate spending the following over the next 12 months on administrative fees:

*         $2,000 on legal fees
*         $8,500 on accounting and audit fees
*         $500 on EDGAR filing fees
*         $3,000 on general administration costs

Total expenditures over the next 12 months are therefore expected to be approximately $29,000.

Our cash reserves are not sufficient to meet our obligations for the next twelve-month period.  As a result, we will need to seek additional funding in the near future.  We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock.  We may also seek to obtain short-term loans from our director, although no such arrangement has been made.  At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our director to meet our obligations over the next twelve months.  We do not have any arrangements in place for any future equity financing.

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the small business issuer's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Results of Operations for the Fiscal Year Ended May 31, 2008

We did not earn any revenues during the fiscal year ended May 31, 2008. We do not expect to earn any revenue from operations until we have either commenced mining operations on a resource property, or operations on a non-resource property, both of which expectations are doubtful.

We incurred operating expenses in the amount of $23,632 in the fiscal year ended May 31, 2008 as compared to expenses of $13,747 in fiscal 2007.  These operating expenses were comprised of general and administrative expenses of $23,632. At May 31, 2008, our assets consisted of $56 in cash.  At the same date, our liabilities consisted of accounting payable and accrued liabilities amounting to $7,135 and loan from related party amounting to $5,500.

We have not attained profitable operations and are dependent upon obtaining financing to pursue further activities.  For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

Results of Operations for the Three Month Period Ended August 31, 2008

We did not earn any revenues during the three-month period ended August 31, 2008.

We incurred operating expenses in the amount of $3,578 for the three-month period ended August 31, 2008. These operating expenses were comprised entirely of general and administrative expenses.

Results of Operations for the Three Month Period Ended August 31, 2007

We did not earn any revenues during the three-month period ended August 31, 2007.

We incurred operating expenses in the amount of $840 for the three-month period ended August 31, 2007. These operating expenses were comprised entirely of general and administrative expenses.


 
35

 


Results of Operations from June 15, 2006 (inception) to August 31, 2008

No revenues were earned during this period.

We incurred operating expenses in the amount of $40,957 during this period. These operating expenses were comprised of general and administrative expenses of $33,957, and expenses related to the mineral property of $7,000.

We have not attained profitable operations and are dependent upon obtaining financing to pursue further activities.  For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.
 
Changes In and Disagreements With Accountants
 
We have had no changes in or disagreements with our accountants.
 
Available Information
 
We have filed a registration statement on Form SB-2 under the Securities Act of 1933 with the Securities and Exchange Commission with respect to the shares of our common stock offered through this prospectus. This prospectus is filed as a part of that registration statement, but does not contain all of the information contained in the registration statement and exhibits. Statements made in the registration statement are summaries of the material terms of the referenced contracts, agreements or documents of the company. We refer you to our registration statement and each exhibit attached to it for a more detailed description of matters involving the company, and the statements we have made in this prospectus are qualified in their entirety by reference to these additional materials. You may inspect the registration statement, exhibits and schedules filed with the Securities and Exchange Commission at the Commission's principal office in Washington, D.C. Copies of all or any part of the registration statement may be obtained from the Public Reference Section of the Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20549. D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the operation of the public reference rooms.  The Securities and Exchange Commission also maintains a web site at http://www.sec.gov that contains reports, proxy statements and information regarding registrants that file electronically with the Commission. Our registration statement and the referenced exhibits can also be found on this site.
 
Reports to Security Holders
 
Although we are not required to deliver a copy of our annual report to our security holders, we will voluntarily send a copy of our annual report, including audited financial statements, to any registered shareholder who requests it.

Since the effectiveness of our registration statement on January 14, 2008, we have filed reports with the Securities and Exchange Commission, including annual reports on Form 10-KSB, interim reports on Forms 10-QSB and 10-Q, and current reports on Form 8-K.
 
Directors, Executive Officers, Promoters and Control Persons
 
Our executive officer and director and his age as of the date of this prospectus is as follows:
 
Directors:
 
Name of Director
 
Age
   
         
Shawn Edward Stecklar
 
37
   
         
Executive Officers:
       
         
Name of Officer
 
Age
 
Office
         
Shawn Edward Stecklar
 
37
 
President, Chief Executive Officer, Secretary and Treasurer
 

 

 
36

 

 
Biographical Information
 
Set forth below is a brief description of the background and business experience of each of our executive officers and directors for the past five years.
 
Mr. Shawn Edward Stecklar has acted as our president, chief executive officer, secretary and treasurer since his appointment on September 10, 2008. From 1996 until January, 2008 Mr. Stecklar was employed as a field technician responsible for equipment maintenance with Western Canada Lotteries, a company involved in running and managing lotteries in western Canada. Since Febuary, 2008 he has been employed as a freight broker for Silver Pacific Investments International Ltd., a freight brokerage firm.

Mr. Stecklar intends to devote 20% of his business time per week to our affairs.
 
Term of Office
 
Our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.
 
Significant Employees
 
We have no significant employees other than our sole officer and director.
 
Executive Compensation
 
Summary Compensation Table
 
The table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal period from our incorporation on June 15, 2006 to August 31, 2008 and subsequent thereto to the date of this prospectus.
 
   SUMMARY COMPENSATION TABLE
Name
and
Principal
Position
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity
Incentive
Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
All
Other
Compens-
ation
($)
Total
($)
Tannisah Kruse
President, CEO,
Secretary, Treasurer
and a director
2008
2007
None
None
 
None
None
 
None
None
 
None
None
 
None
None
 
None
None
 
None
None
 
None
None
 
Shawn Edward Stecklar
President, CEO, Secretary and a Director
2008
None
None
None
None
None
None
None
None
 
Stock Option Grants
 
We have not granted any stock options to the executive officers since our inception.
 

 
37

 

 
Consulting Agreements
 
We do not have any employment or consulting agreement with Shawn Edward Stecklar. We do not pay him any amount for acting as a director.
 
Security Ownership of Certain Beneficial Owners and Management
 
The following table provides the names and addresses of each person known to us to own more than 5% of our outstanding common stock as of the date of this prospectus, and by the officers and directors, individually and as a group as at December 17, 2008. Except as otherwise indicated, all shares are owned directly.
 
   
Amount of
 
Title of
Name and address
beneficial
Percent
Class
of  beneficial owner
ownership
of class
       
Common
 Shawn Edward Stecklar
3,500,000
60.87%
Stock
 President, Chief
Shares 
 
 
 Executive Officer,
   
 
 Secretary, Treasurer
   
 
 and Director
   
 
 Box 314, Calvet, Saskatchewan,
   
 
 Canada, S0K 0Y0
   
       
Common
 All Officers and Directors
3,500,000
60.87%
Stock
 as a group that consists of
shares
 
 
 one person
   
 
The percent of class is based on 5, 750,000 shares of common stock issued and outstanding as of the date of this prospectus.
 
Certain Relationships and Related Transactions
 
None of the following parties has, since our date of incorporation, had any material interest, direct or indirect, in any transaction with us or is in any presently proposed transaction that has or will materially affect us:
 
* Any of our directors or officers;
 
* Any person proposed as a nominee for election as a director;
 
* Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;
 
* Our sole promoter, Shawn Edward Stecklar
 
* Any relative or spouse of any of the foregoing persons who has the same house as such person;
 
* Immediate family members of directors, director nominees, executive officers and owners of 5% or more of our common stock.
 
Disclosure of Commission Position of Indemnification for Securities Act Liabilities
 
Our directors and officers are indemnified as provided by the Nevada Revised Statutes and our Bylaws. We have been advised that in the opinion of the Securities and Exchange Commission indemnification for liabilities arising under the Securities Act 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 is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to court of appropriate jurisdiction. We will then be governed by the court's decision.
 
Until 90 days from 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. This is in addition to the dealer's obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.
 

 
38

 

 
Part II
 
Information Not Required In the Prospectus
 
Other Expenses of Issuance and Distribution
 
The estimated costs of this offering are as follows:
 
Securities and Exchange Commission registration fee
  $ 12.04  
Transfer Agent Fees
  $ 3,000.00  
Accounting fees and expenses
  $ 500.00  
Legal fees and expenses
  $ 3,000.00  
Edgar filing fees
  $ 500.00  
         
Total
  $ 7,012.04  
 
All amounts are estimates other than the Commission's registration fee.
 
We are paying all expenses of the offering listed above. No portion of these expenses will be borne by the selling shareholders. The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale.
 
Indemnification of Directors and Officers
 
Our officers and directors are indemnified as provided by the Nevada Revised Statutes and our bylaws.
 
Under the NRS, director immunity from liability to a company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation that is not the case with our articles of incorporation. Excepted from that immunity are:
 
 
(1)
a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
 
(2)
a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);
 
(3)
a transaction from which the director derived an improper personal profit; and
 
(4)
willful misconduct.
 
Our bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided, further, that we shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless:
 
 
(1)
such indemnification is expressly required to be made by law;
 
(2)
the proceeding was authorized by our Board of Directors;
 
(3)
such indemnification is provided by us, in our sole discretion, pursuant to the powers vested us under Nevada law; or
 
(4)
such indemnification is required to be made pursuant to the bylaws.
 
Our bylaws provide that we will advance all expenses incurred to 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, by reason of the fact that he is or was our director or officer, or is or was serving at our request as a director or executive officer of another company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request. This advanced of expenses is to be made upon receipt of an undertaking by or on behalf of such person to repay said amounts should it be ultimately determined that the person was not entitled to be indemnified under our bylaws or otherwise.
 

 
39

 

 

Our bylaws also provide that no advance shall be made by us to any officer in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made: (a) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding; or (b) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision- making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to our best interests.
 
Recent Sales of Unregistered Securities
 
We completed an offering of 3,500,000 shares of our common stock at a price of $0.001 per share on July 28, 2006 to Tannisah Kruse, our previous President, Chief Executive Officer, Secretary and Treasurer. The total amount received from this offering was $3,500.

These shares were issued pursuant to Regulation S of the Securities Act.  Appropriate legends were affixed to the stock certificates representing these shares.

We completed an offering of 800,000 shares of our common stock at a price of $0.001 per share to a total of 4 purchasers on August 12, 2006.  The total amount received from this offering was $800.00.  We completed this offering pursuant to Regulation S of the Securities Act.  The purchasers were as follows:
 
Name of Shareholder
Number of Shares
Irena Sakic
200,000
Koah Kruse
200,000
Jasmine Tompkins
200,000
David Tam
200,000
 
We completed an offering of 1,300,000 shares of our common stock at a price of $0.01 per share to a total of 13 purchasers on September 18, 2006.  The total amount received from this offering was $13,000.  We completed this offering pursuant to Regulation S of the Securities Act.  The purchasers were as follows:
 
Name of Shareholder
Number of Shares
Jennifer Lowe
100,000
Louisa Rees
100,000
Scott Hiebert
100,000
Jennifer Duda
100,000
Christina Kiesel
100,000
Mallory Legge
100,000
Daniel Schwartz
100,000
Jared Valentine
100,000
Lee Reynolds
100,000
Kevin R. Chase
100,000
David Clifton
100,000
Janice Pollock
100,000
Louise Murphy
100,000
 
We completed an offering of 150,000 shares of our common stock at a price of $0.05 per share to a total of 10 purchasers on December 6, 2006.  The total amount received from this offering was $7,500.  We completed this offering pursuant to Regulation S of the Securities Act.  The purchasers were as follows:
 
Name of Shareholder
Number of Shares
Steven Lammers
15,000
Simone Bainbridge
15,000
Kevin Mizuno
15,000
Andrew Tai
15,000
Cleo Schroeder
15,000
Jeremy Nickolet
15,000
Joy Clifton
15,000
Shanna Nickolet
15,000
Daniel Jaorski
15,000
Sarah Nickolet
15,000


 
40

 


Regulation S Compliance
 
Each offer or sale was made in an offshore transaction;
 
Neither we, a distributor, any respective affiliates, nor any person on behalf of any of the foregoing made any directed selling efforts in the United States;
 
Offering restrictions were, and are, implemented;
 
No offer or sale was made to a U.S. person or for the account or benefit of a U.S. person;
 
Each purchaser of the securities certifies that it was not a U.S. person and was not acquiring the securities for the account or benefit of any U.S. person;
 
Each purchaser of the securities agreed to resell such securities only in accordance with the provisions of Regulation S, pursuant to registration under the Act, or pursuant to an available exemption from registration; and agreed not to engage in hedging transactions with regard to such securities unless in compliance with the Act;
 
The securities contain a legend to the effect that transfer is prohibited except in accordance with the provisions of Regulation S, pursuant to registration under the Act, or pursuant to an available exemption from registration; and that hedging transactions involving those securities may not be conducted unless in compliance with the Act; and
 
We are required, either by contract or a provision in its bylaws, articles, charter or comparable document, to refuse to register any transfer of the securities not made in accordance with the provisions of Regulation S pursuant to registration under the Act, or pursuant to an available exemption from registration; provided, however, that if any law of any Canadian province prevents us from refusing to register securities transfers, other reasonable procedures, such as a legend described in paragraph (b)(3)(iii)(B)(3) of Regulation S have been implemented to prevent any transfer of the securities not made in accordance with the provisions of Regulation S.
 
Exhibits
 
Exhibit
   
Number
 
Description
     
3.1*
 
Articles of Incorporation
3.2*
 
By-Laws
5.1*
 
Legal opinion
23.1
 
Consent of Michael T. Studer, CPA, P.C.
 
* previously filed as exhibits to our registration statement on Form SB-2

 

 
41

 

 
The undersigned 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:
     
 
(a)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
     
 
(b)
To reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; Notwithstanding the forgoing, 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 or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the commission pursuant to Rule 424(b)if, in the aggregate, the changes in the volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
     
 
(c)
To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in the registration statement.
     
2.
That, for the purpose of determining any liability under the
 
Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
   
3.
To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering.
   
4.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to officers, directors, and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission 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 is asserted our director, officer, or other controlling person in connection with the securities registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction. We will then be governed by the final adjudication of such issue.
   
5.
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 430(B) 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 referenced 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.


 




 
42

 

Signatures
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized at Clavet, Province of Saskatchewan, on December 17, 2008.
 
 
Interfac Mining Inc.
 
 
By:/s/ Shawn Edward Stecklar
Shawn Edward Stecklar
President, Chief Executive Officer,
Secretary, Treasurer, principal
accounting officer, principal
financial officer and Director
 
 
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates stated.
 
SIGNATURE
CAPACITY IN WHICH SIGNED
DATE
     
/s/ Shawn Edward Stecklar
   President, Chief Executive
December 17, 2008
 
   Officer, Secretary, Treasurer,
 
Shawn Edward Stecklar
   principal accounting officer,
 
 
   principal financial officer
 
 
   and Director
 

 

 
 

 
 

 
 

 


 
43

 

EX-23.1 2 infac_ex23-1.htm infac_ex23-1.htm
Exhibit 23.1

MICHAEL T. STUDER CPA P.C.
18 East Sunrise Highway
Freeport, NY 11520
Phone: (516) 378-1000
Fax: (516) 546-6220


CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors
INTERFAC MINING INC.

 
I consent to the inclusion in this Post Effective Amendment #1 to Form SB-2 on
 
Form S-1 of my report dated August 11, 2008 relating to the audit of the financial statements of Interfac Mining Inc. for the fiscal year ended May 31, 2008, for the period June 15, 2006 (inception) to May 31, 2007, and for the period June 15, 2006 (inception) to May 31, 2008.
 



Michael T. Studer CPA P.C.
Freeport, New York                                                                              Michael T. Studer CPA P.C.
December

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