Warrants

6 Months Ended

Jun. 30, 2011

Note 14: Warrants

The following is a summary of the status of all of the Company’s stock warrants as of June 30, 2011 and changes during the quarter ended on that date:

	Number Of Warrants		Weighted-Average Exercise Price
Outstanding at January 1, 2010		4,167,615	$	3.00
Granted		11,273,750		3.20
Exercised		-		0.00
Cancelled		-		0.00
Outstanding at December 31, 2010		15,441,365	$	3.15
Granted		34,375		2.75
Exercised		-		0.00
Cancelled		-		0.00
Outstanding at June 30, 2011		15,475,740	$	3.15

Warrants exercisable at June 30, 2011		15,475,740	$	3.15
Warrants exercisable at December 31, 2010		15,441,365	$	3.15

The following tables summarize information about stock warrants outstanding and exercisable at June 30, 2011:

		STOCK WARRANTS OUTSTANDING AND EXERCISABLE
	Exercise Price	Number of Warrants Outstanding		Weighted-Average Remaining Contractual Life in Years		Weighted-Average Exercise Price
$	2.00		5,050,000		5.51	$	2.00
$	2.75		258,125		3.00	$	2.65
$	3.00		4,167,615		3.00	$	3.00
$	3.50		3,000,000		6.89	$	3.50
$	5.00		3,000,000		6.89	$	5.00
			15,475,740		5.33	$	3.16

IRON MINING GROUP, INC. 10-Q/A