v2.4.0.6

BALANCE SHEET (USD $)	Feb. 29, 2012
ASSETS
Cash	$ 392,625
Prepaid insurance and other current assets	88,329
Total current assets	480,954
Investments held in Trust Account	80,241,787
Total assets	80,722,741
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued expenses	37,204
Other liabilities:
Deferred underwriters' compensation	2,415,000
Warrant liability	8,185,167
Total liabilities	10,637,371
Commitments and contingencies
Ordinary shares subject to possible redemption; 6,528,120 shares (at redemption value)	65,085,360
Shareholders' equity:
Preferred shares, no par value; five classes of unlimited shares authorized; none issued and outstanding	0
Ordinary shares, no par value; unlimited shares authorized; 3,534,380 issued and outstanding (which excludes 6,528,120 shares subject to possible redemption)	5,000,010
Additional paid-in capital	0
Deficit accumulated during the development stage	0
Total shareholders' equity	5,000,010
Total liabilities and shareholders' equity	$ 80,722,741

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Blue Wolf Mongolia Holdings Corp. 10-K/A