The balance sheet for AMNP as of July 31, 2009, reflected assets of $388,093. As AMNP had cash in the amount of $27,520 and a working capital deficit in the amount of $283,234 as of July 31, 2009, there is no sufficient working capital to enable AMNP to carry out the stated plan of operation for the next twelve months. We anticipate generating losses and, therefore, may be unable to continue operations in the future. If AMNP were to require additional capital, they would have to issue debt or equity or enter into a strategic arrangement with a third party.
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American Sierra Gold Corp, formerly CE Entertainment, Inc, is an American gold company. The Company focuses on the exploration and production of gold properties in North America. The Company is headquartered in Reno, Nevada. The Company’s projects include Urique Project, Urique Project, south, and Urique Project, north. The Urique Project consists of 11 concessions covering 28,880 hectares and is located in the prolific Sierra Madre gold belt of northern Mexico. American Sierra has optioned 9 % interest in the Urique Project. The Company has multiple drill sites within 10 miles of producing mines owned by Gold Corp.
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