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International Alliance Resources Inc (ALLX/ALLX.PK) Penny Investment Summary:

International Alliance Resources, Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada. It owns interests in various mining claims in the Hess River Region in the Mayo Mining Division, Yukon Territory, known as the Hess River project. The company also holds an option to acquire a 70% interest in the Parallax uranium claims located in British Columbia; and a 51% interest in the Shaver Lake property located in Bateman and Shaver Township, Red Lake Mining Division, Ontario. International Alliance Resources is based in Vancouver, Canada.

INTL ALLIANCE RESOURCES INC (ALLX:OTC)

LAST $0.02 USD
CHANGE TODAY 0.00 0.00%
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Snapshot of INTL ALLIANCE RESOURCES INC (ALLX)

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Key developments for INTL ALLIANCE RESOURCES INC (ALLX)

International Alliance Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2009

International Alliance Resources, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2009. For the quarter, the company reported net loss before other items of CAD 91,877 against CAD 95,735 a year ago. Net loss and comprehensive loss was CAD 66,894 or CAD 0.003 per basic and diluted share against net loss and comprehensive loss of CAD 95,718 or CAD 0.004 per basic and diluted share a year ago. Cash used in operating activities was CAD 197,933 against CAD 27,207 a year ago. For the six months, the company reported net loss before other items of CAD 169,465 against CAD 156,760 a year ago. Net loss and comprehensive loss was CAD 144,499 or CAD 0.006 per basic and diluted share against net loss and comprehensive loss of CAD 156,768 or CAD 0.007 per basic and diluted share a year ago. Cash used in operating activities was CAD 209,902 against CAD 27,633 a year ago.

International Alliance Resources, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2009

International Alliance Resources, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported net loss before special items of $77,588 and net loss and comprehensive loss of $77,605 or $0.003 per basic and diluted share compared to net loss before special items of $61,026 and net loss and comprehensive loss of $61,050 or $0.00 per basic and diluted share for the same period of last year. The company reported net cash used in operating activities of $11,969 compared to net cash provided by operating activities of $74 for the same period of last year.

International Alliance Resources Inc., Annual General Meeting, Dec 22, 2009

International Alliance Resources Inc., Annual General Meeting, Dec 22, 2009 Location: 605-889 West Pender Street, Vancouver, British Columbia,Canada. Agenda: To receive and consider the Report of the Directors, the audited financial statements of the Corporation for the year ended June 30, 2009 and the report of the auditor thereon; to re-appoint Manning Elliott LLP, Chartered Accountants, as auditor for the Corporation for the ensuing year at a remuneration to be fixed by the Directors; to elect Directors for the ensuing year; to consider and, if thought fit, to approve the proposed stock option plan for implementation by the Corporation; to approve a debt settlement arrangement involving the issuance of shares by the Corporation resulting in a possible creation of a control block of shares, the resulting possible creation of such a control block and the possible resulting change of effective control of the Corporation; to consider consolidation of common shares; and to transact such other business as may be properly transacted at such Meeting or at any adjournment thereof .

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