UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-K




(Mark
One)




x ANNUAL REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




For the
fiscal year ended May 31,
2009




o TRANSITION REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




For the
transition period from ________________ to________________




Commission
file number 333-153102




LINK
RESOURCES INC.


(Exact
name of registrant as specified in its charter)




Nevada
              98-0588402(State
      or other jurisdiction of incorporation or organization)
              (I.R.S.
      Employer Identification No.)392
      Acadia Drive S.E., CalgaryAlberta, Canada
              T2J 0A8(Address
      of principal executive offices)
              (Zip
      Code)




Registrant’s
telephone number, including area code403-230-0945




Securities
registered under Section 12(b) of the Act:




None
              N/ATitle
      of each class
              Name
      of each exchange on which
registered




Securities
registered under Section 12(g) of the Act:




Common Stock, $0.001 par
value


(Title of
class)




Indicate
by checkmark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.   Yes o    No
x




Indicate
by checkmark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act.




Yes
o   
No x


1




Indicate
by checkmark whether the registrant has (1) filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.




Yes x    No
o




Indicate
by checkmark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. x




Indicate
by checkmark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.




Large
      accelerated filer
                o
                (Do
      not check if a smaller reporting  company)
                Accelerated
      filer
                oNon-accelerated
      filer
                o
                
                Smaller
      reporting company
                x




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).




Yes x    No
o




State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter: $69,000.00 based on a
price of $0.02 per share, being the issue price per share of the last private
placement of our company in April, 2008. The aggregate market value as
determined by the average of bid and ask closing prices is inapplicable due to
the fact that the common shares of our company have not traded to
date.




Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date.3,450,000 shares of common stock as
of June 29, 2009.




DOCUMENTS
INCORPORATED BY REFERENCE




Not Applicable














2




TABLE OF CONTENTS
  PART IITEM 1.
                                                BUSINESS
                                                4ITEM 2.
                                                PROPERTIES
                                                6ITEM 3.
                                                LEGAL PROCEEDINGS
                                                6ITEM 4.
                                                SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS
                                                6PART IIITEM 5.
                                                MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
      MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
                                                7ITEM 6.
                                                SELECTED FINANCIAL DATA
                                                7ITEM 7.
                                                MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
      RESULTS OF OPERATION
                                                8ITEM 8.
                                                FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
                                                13ITEM 9.
                                                CHANGES AND AGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
      FINANCIAL DISCLOSURE
                                                23ITEM 9A(T)
                                                CONTROLS AND PROCEDURES
                                                23PART IIIITEM 10.
                                                DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
      GOVERNANCE
                                                24ITEM 11.
                                                EXECUTIVE COMPENSATION
                                                25ITEM 12.
                                                SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
      AND RELATED STOCKHOLDER MATTERS
                                                25ITEM 13.
                                                CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
      COMPENSATION
                                                26ITEM 14.
                                                PRINCIPAL ACCOUNTANT FEES AND SERVICES
                                                26PART IVITEM 15.
                                                EXHIBITS
                                                27




3




PART I




Forward
Looking Statements.




This
annual report contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements relate to future events or
our future financial performance. In some cases, you can identify
forward-looking statements by terminology such as “may”, “should”, “expects”,
“plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or
“continue” or the negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors, including the risks in the section entitled
“Risk Factors” and the risks set out below, any of which may cause our or our industry’s actual
results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements.




Forward
looking statements are made based on management’s beliefs, estimates and
opinions on the date the statements are made and we undertake no obligation to
update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States,
we do not intend to update any of the forward-looking statements to conform
these statements to actual results.




Our
financial statements are stated in United States dollars (US$) and are prepared
in accordance with United States Generally Accepted Accounting
Principles.




In this
annual report, unless otherwise specified, all dollar amounts are expressed in
United States dollars and all references to "common stock" refer to the common
shares in our capital stock.




As used
in this annual report, the terms "we", "us", "our", and "Link" mean Link
Resources Inc., unless the context clearly requires otherwise.




ITEM 1.       BUSINESS




General




We were
incorporated as Link Resources Inc. under the laws of Nevada on January 9, 2008.
We are in the business of mineral exploration.  On April 1, 2008, we
entered in a Mineral Lease Agreement whereby we leased from Timberwolf Minerals,
LTD a total of two (2) unpatented lode mining claims in the State of Nevada
which we refer to as the Goldbanks East Prospect. These mineral claims are
located in Section 20, Township 30 North, Range 39 East, Mt. Diablo Baseline
& Meridian, Pershing County, Nevada, USA, owned by Timberwolf Minerals
LTD.




We are
currently seeking other opportunities with established business entities for the
merger of a target business with our company. In certain instances, a target
business may wish to become a subsidiary of us or may wish to contribute assets
to us rather than merge. We are currently in negotiations with a party to enter
into a business opportunity but we have not entered into any definitive
agreements to date and there can be no assurance that we will be able to enter
into any definitive agreements. We anticipate that any new acquisition or
business opportunities by our company will require additional financing. There
can be no assurance, however, that we will be able to acquire the financing
necessary to enable us to pursue our plan of operation. If our company requires
additional financing and we are unable to acquire such funds, our business may
fail.




4
 Table of Contents




We have
no revenues, have achieved losses since inception, have been issued a going
concern opinion by our auditors and rely upon the sale of our securities to fund
operations. Accordingly, we will be dependent on future additional financing in
order to maintain our operations and continue seeking new business
opportunities.




Our
Current Business




We are
currently seeking business opportunities with established business entities for
the merger of a target business with our company. In certain instances, a target
business may wish to become a subsidiary of us or may wish to contribute assets
to us rather than merge. We are currently in negotiations with a party to enter
into a business opportunity but we have not entered into any definitive
agreements to date and there can be no assurance that we will be able to enter
into any definitive agreements. We anticipate that any new acquisition or
business opportunities by our company will require additional financing. There can be no assurance,
however, that we will be able to acquire the financing necessary to enable us to
pursue our plan of operation. If our company requires additional financing and
we are unable to acquire such funds, our business may fail.




Management
of our company believes that there are perceived benefits to being a reporting
company with a class of publicly-traded securities. These are commonly thought
to include: (i) the ability to use registered securities to acquire assets or
businesses; (ii) increased visibility in the financial community; (iii) the
facilitation of borrowing from financial institutions; (iv) improved trading
efficiency; (v) stockholder liquidity; (vi) greater ease in subsequently raising
capital; (vii) compensation of key employees through stock options; (viii)
enhanced corporate image; and (ix) a presence in the United States capital
market.




We may
seek a business opportunity with entities who have recently commenced
operations, or entities who wish to utilize the public marketplace in order to
raise additional capital in order to expand business development activities, to
develop a new product or service, or for other corporate purposes. We may
acquire assets and establish wholly-owned subsidiaries in various businesses or
acquire existing businesses as subsidiaries.




In implementing a
structure for a particular business acquisition or opportunity, we may become a
party to a merger, consolidation, reorganization, joint venture, or licensing
agreement with another corporation or entity. We may also acquire stock or
assets of an existing business. Upon the consummation of a transaction, it is
likely that our present management will no longer be in control of our company.
In addition, it is likely that our officer and director will, as part of
the terms of the acquisition transaction, resign and be replaced by one or more
new officers and directors.




As of the
date hereof, management has not entered into any formal written agreements for a
business combination or opportunity. When any such agreement is reached, we
intend to disclose such an agreement by filing a current report on Form 8-K with
the Securities and Exchange Commission.




We
anticipate that the selection of a business opportunity in which to participate
will be complex and without certainty of success. Management believes that there
are numerous firms in various industries seeking the perceived benefits of being
a publicly registered corporation. Business opportunities may be available in
many different industries and at various stages of development, all of which
will make the task of comparative investigation and analysis of such business
opportunities extremely difficult and complex. We can provide no assurance that
we will be able to locate compatible business opportunities.




As an
exploration stage company, we are not able to fund our cash requirements through
our current operations. Historically, we have been able to raise a limited
amount of capital through private placements of our equity stock, but we are
uncertain about our continued ability to raise funds privately. Further, we
believe that our company may have difficulties raising capital until we locate a
prospective property through which we can pursue our plan of operation. If we
are unable to secure adequate capital to continue our acquisition efforts, our
shareholders may lose some or all of their investment and our business may
fail.




5
 Table of Contents




Competition




We
conduct our business in an environment that is highly competitive and
unpredictable. In seeking out prospective properties, we have encountered
intense competition in all aspects of our proposed business as we compete
directly with other development stage companies as well as established
international companies. Many of our competitors are national or international
companies with far greater resources, capital and access to information than us.
Accordingly, these competitors may be able to spend greater amounts on the
acquisition of prospective properties and on the exploration and development of
such properties. In addition, they may be able to afford greater geological
expertise in the exploration and exploitation of mineral and oil and gas
properties. This competition could result in our competitors having resource
properties of greater quality andattracting
prospective investors to finance the development of such
properties on more favorable terms. As a result of this competition, we may
become involved in an acquisition with more risk or obtain financing on less
favorable terms.




Employees




Currently
our only employee is our sole director and officer. Our sole officer does not
have an employment agreement with us.




Subsidiaries




We do not
have any subsidiaries.




Intellectual
Property




We do not
own, either legally or beneficially, any patent or trademark.




ITEM 2.       PROPERTIES.




Executive
Offices




Our
executive offices are located at 392 Acadia Drive S.E., Calgary, Alberta, T2J
0A8, Canada. Mr. Anthony Zaradic, our sole director and officer, currently
provides this space to us free of charge. This space may not be available to us
free of charge in the future. We do not own any real property.




ITEM 3.       LEGAL
PROCEEDINGS.




We know
of no material, active or pending legal proceedings against our company, nor are
we involved as a plaintiff in any material proceeding or pending litigation.
There are no proceedings in which any of our directors, officers or affiliates,
or any registered or beneficial shareholder, is an adverse party or has a
material interest adverse to our interest.




ITEM 4.       SUBMISSION OF MATTERS TO A
VOTE OF SECURITY HOLDERS.




On May
26, 2009, the holders of a majority of our common stock, by written consent,
approved and adopted an amendment to our Articles of Incorporation increasing
our authorized capital stock from 75 million shares of common stock to 150
million shares of common stock and created a class of preferred stock in the
amount of 10 million shares. Holders of 1,800,000 shares of common stock
approved this shareholder action.






6
 Table of Contents




PART II




ITEM 5.       MARKET FOR REGISTRANT’S
COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES.




Market
for Securities




Our
common shares are quoted on the Over-The-Counter Bulletin Board under the
trading symbol “LNKR.OB”. Our shares have been quoted on the Over-The-Counter
Bulletin Board since October 31, 2008. There have been no trades in our shares
of common stock since October 31, 2008.




Our
transfer agent is Island Stock Transfer, of 100 2nd Avenue, S, Suite 104N, St.
Petersburg, FL 33701; telephone number 727.289.0010; facsimile:
727.289.0069.




Holders of our Common
Stock




As of June 29,
2009, there were 37 holders of record  holding 3,450,000 shares of our
issued and outstanding common stock.




Dividend
Policy




We have
not declared any dividends and we do not plan to declare any dividends in the
foreseeable future.




Recent
Sales of Unregistered Securities




We have
not sold any equity securities that were not registered under the Securities Act
during the fiscal year ended May 31, 2009.




On June
15, 2009, we closed on a private placement to four accredited investors of
convertible notes in the aggregate principal amount of $400,000 (the
“Notes”).  The Notes bear interest at a rate of 2% per annum and are
due and payable in full on June 15, 2010.  The Notes will
automatically convert into shares of Series A Convertible Preferred Stock on a
dollar for dollar basis on the date on which (i) our stockholders approve a
Certificate of Amendment authorizing the creation of blank check preferred stock
in the amount of 1,000,000 shares and such Certificate of Amendment is filed
with the State of Nevada and (ii) the Certificate of Designations for the Series
A Convertible Preferred Stock is filed with the State of Nevada.  Upon
conversion, we will pay any outstanding interest on the Notes in cash to the
holders.  In connection with the private placement of the Notes, we
entered into a registration rights agreement with the holders of the Notes
pursuant to which we gave such holders piggy-back registration rights with
respect to the shares of common stock underlying the Series A Convertible
Preferred Stock.




Purchases
of Equity Securities by the Issuer and Affiliated Purchasers




We did
not purchase any of our shares of common stock or other securities during our
fiscal year ended May 31, 2009.




Securities Authorized for Issuance
Under Equity Compensation Plans




We do not
have any equity compensation plans.




ITEM 6.       SELECTED FINANCIAL
DATA




Not
Applicable.




7
 Table of Contents




ITEM 7.       MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION




The
following discussion should be read in conjunction with our audited financial
statements and the related notes that appear elsewhere in this annual report.
The following discussion contains forward-looking statements that reflect our
plans, estimates and beliefs. Our actual results could differ materially from
those discussed in the forward looking statements. Factors that could cause or
contribute to such differences include those discussed below and elsewhere in
this annual report.




Our
audited consolidated financial statements are stated in United States dollars
and are prepared in accordance with United States generally accepted accounting
principles.




Overview




We are a
junior exploration stage company that has not yet generated or realized any
revenues from our business operations. On April 1, 2008, we
entered in a Mineral Lease Agreement whereby we leased from Timberwolf Minerals,
LTD a total of two (2) unpatented lode mining claims in the State of Nevada
which we refer to as the Goldbanks East Prospect. These mineral claims are
located in Section 20, Township 30 North, Range 39 East, Mt. Diablo Baseline
& Meridian, Pershing County, Nevada, USA, owned by Timberwolf Minerals
LTD.




We are
currently seeking business opportunities with established business entities for
the merger of a target business with our company. In certain instances, a target
business may wish to become a subsidiary of us or may wish to contribute assets
to us rather than merge. We are currently in negotiations with a party to enter
into a business opportunity but we have not entered into any definitive
agreements to date and there can be no assurance that we will be able to enter
into any definitive agreements. We anticipate that any new acquisition or
business opportunities by our company will require additional financing. There
can be no assurance, however, that we will be able to acquire the financing
necessary to enable us to pursue our plan of operation. If our company requires
additional financing and we are unable to acquire such funds, our business may
fail.




Even if
we are able to acquire an interest in a mineral or oil and gas property or enter
into a business opportunity and obtain the necessary funding, there is no
assurance that any revenues would be generated by us or that revenues generated
would be sufficient to provide a return to investors.




Results of
Operations




The
following summary of our results of operations should be read in conjunction
with our audited financial statements for the year ended May 31, 2009 which are
included herein.




Our
operating results for the year ended May 31, 2009 and the period ended January
9, 2008 (Inception) through May 31, 2008 are summarized as
follows:




Year
      Ended
                                            
                                            
                                            Period
      Ended

                                              Jan.
      9, 2008
                                              (Inception)
      toMay 31,
                                            
                                            
                                            May 31,2009
                                            
                                            
                                            2008Revenue
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -Operating
      Expenses
                                            
                                            
                                            45,328
                                            
                                            
                                            
                                            6,232Net
      Loss
                                            
                                            $
                                            45,328
                                            
                                            
                                            $
                                            6,232




8
 Table of Contents




Revenues




We
recently decided to terminate our lease agreement for our mineral claims, have
not earned any revenues to date, and do not anticipate earning revenues until
such time as we are able to acquire an interest in a mineral or oil and gas
property or enter into a business opportunity.




Expenses




Our
expenses for the year ended May 31, 2009 and the period ended January 9, 2008
(Inception) to May 31, 2008 are outlined in the table below:




Year
    Ended
                                            
                                            
                                            Period Ended

                                              Jan.
      9, 2008
                                              (Inception)
      toMay 31,
                                            
                                            
                                            May 31,2009
                                            
                                            
                                            2008Mineral
      Lease
                                            
                                            $
                                            9,196
                                            
                                            
                                            $
                                            5,000Consulting
                                            
                                            
                                            2,921
                                            
                                            
                                            
                                            -Professional
      Fees
                                            
                                            
                                            14,744
                                            
                                            
                                            
                                            -Stock
      Transfer Fees
                                            
                                            
                                            17,737
                                            
                                            
                                            
                                            -Other
      General & Administrative
                                            
                                            
                                            730
                                            
                                            
                                            
                                            1,232Total
      Expenses
                                            
                                            $
                                            45,328
                                            
                                            
                                            $
                                            6,232




Liquidity And Capital
Resources




Working
Capital




We
anticipate that we will incur approximately $20,000 for operating expenses,
including professional, legal and accounting expenses associated with our
reporting requirements under the Exchange Act during the next twelve months.
Accordingly, we will need to obtain additional financing in order to
operate  our business.




Cash Used In Operating
Activities




We used
cash in operating activities in the amount of $45,328 during the year ended May
31, 2009 and $6,232 during the period ended January 9, 2008 (Inception) to May
31, 2008. Cash used in operating activities was funded by cash from financing
activities.




Cash From Investing
Activities




No cash
was used or provided in investing activities during the years ended May 31, 2009
and the period ended January 9, 2008 (Inception) to May 31, 2008.




Cash from Financing
Activities




We
generated no cash from financing activities during the year ended May 31, 2009
compared to cash from financing activities in the amount of $54,000 during the
period ended January 9, 2008 (Inception) to May 31, 2008.




On June
15, 2009, we closed on a private placement to four accredited investors of
convertible notes in the aggregate principal amount of $400,000 (the
“Notes”).  The Notes bear interest at a rate of 2% per annum and are
due and payable in full on June 15, 2010.  The Notes will
automatically convert into shares of




9
 Table of Contents




Series A
Convertible Preferred Stock on a dollar for dollar basis on the date on which
(i) our stockholders approve a Certificate of Amendment authorizing the creation
of blank check preferred stock in the amount of 1,000,000 shares and such
Certificate of Amendment is filed with the State of Nevada and (ii) the
Certificate of Designations for the Series A Convertible Preferred
Stock  is filed with the State of Nevada.  Upon conversion,
we will pay any outstanding interest on the Notes in cash to the
holders.  In connection with the private placement of the Notes, we
entered into a registration rights agreement with the holders of the Notes
pursuant to which we gave such holders piggy-back registration rights with
respect to the shares of common stock underlying the Series A Convertible
Preferred Stock.




Going Concern




The
financial statements accompanying this report have been prepared on a going
concern basis, which implies that our company will continue to realize its
assets and discharge its liabilities and commitments in the normal course of
business. Our company has not generated revenues since inception and has never
paid any dividends and is unlikely to pay dividends or generate earnings in the
immediate or foreseeable future. The continuation of our company as a going
concern is dependent upon the continued financial support from our shareholders,
the ability of our company to obtain necessary equity or debt financing to
achieve our operating objectives, and the attainment of profitable operations.
As at May 31, 2009, our company has accumulated losses of $51,560 since
inception. We do not have sufficient working capital to enable us to carry out
our stated plan of operation for the next twelve months. These financial
statements do not include any adjustments to the recoverability and
classification of recorded asset amounts and classification of liabilities that
might be necessary should our company be unable to continue as a going
concern.




Due to
the uncertainty of our ability to meet our current operating expenses and the
capital expenses noted above in their report on the financial statements for the
year ended May 31, 2009, our independent auditors included an explanatory
paragraph regarding concerns about our ability to continue as a going concern.
Our financial statements contain additional note disclosures describing the
circumstances that lead to this disclosure by our independent
auditors.




The
continuation of our business is dependent upon us raising additional financial
support. The issuance of additional equity securities by us could result in a
significant dilution in the equity interests of our current stockholders.
Obtaining commercial loans, assuming those loans would be available, will
increase our liabilities and future cash commitments.




Future
Financings




We
anticipate continuing to rely on equity sales of our common shares or debt
financing in order to continue to fund our business operations. Issuances of
additional shares will result in dilution to our existing stockholders. There is
no assurance that we will achieve any additional sales of our equity securities
or arrange for debt or other financing to fund our planned
activities.




Application
of Critical Accounting Estimates




The
financial statements of our company have been prepared in accordance with
generally accepted accounting principles in the United States. Because a precise
determination of many assets and liabilities is dependent upon future events,
the preparation of financial statements for a period necessarily involves the
use of estimates which have been made using careful judgment.




The
financial statements have been prepared within the framework of the significant
accounting policies summarized below:




10
 Table of Contents




Mineral
Property and Exploration Costs




We are an
exploration stage mining company and have not yet realized any revenue from our
operations. We are primarily engaged in the acquisition, exploration and
development of mining properties. Exploration costs are expensed as incurred
regardless of the stage of development or existence of reserves. Costs of
acquisition are capitalized subject to impairment testing, in accordance with
Financial Accounting Standards 144 (“FAS 144”), “Accounting for the Impairment
or Disposal of Long-Lived Assets”, when facts and circumstances indicate
impairment may exist.




We
regularly perform evaluations of any investment in mineral properties to assess
the recoverability and/or the residual value of our investments in these assets.
Also, long-lived assets are reviewed for impairment whenever events or
circumstances change which indicate the carrying amount of an asset may not be
recoverable.




Management
periodically reviews the carrying value of its investments in mineral leases and
claims with internal and external mining related professionals. A decision to
abandon, reduce or expand a specific project is based upon many factors
including general and specific assessments of mineral deposits, anticipated
future mineral prices, anticipated future costs of exploring, developing and
operating a production mine, the expiration term and ongoing expenses of
maintaining mineral properties and the general likelihood that we will continue
exploration on such project. We do not set a pre-determined holding period for
properties with unproven deposits, however, properties which have not
demonstrated suitable metal concentrations at the conclusion of each phase of an
exploration program are re-evaluated to determine if future exploration is
warranted, whether there has been any impairment in value and that their
carrying values are appropriate.




Recent
Accounting Pronouncements




In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles,”orSFAS 162. SFAS 162 is intended to improve financial reporting by
identifying a consistent framework, or hierarchy, for selecting accounting
principles to be used in preparing financial statements that are presented in
conformity with U.S. GAAP for nongovernmental entities. SFAS 162 is effective 60
days following the Securities and Exchange Commission’s approval of the Public
Company Accounting Oversight Board’s amendments to AU Section 411, “The Meaning of Present Fairly in
Conformity with Generally Accepted Accounting Principles”. Our company is
currently evaluating the impact of adopting SFAS 162 but does not expect that it
will have a significant effect on its financial position, cash flows or results
of operations.




In May
2008, the FASB issued SFAS No. 163, “Accounting for Financial Guarantee
Insurance Contracts – An interpretation of FASB Statement No. 60,” or
SFAS 163. SFAS 163 requires that an insurance enterprise recognize a claim
liability prior to an event of default when there is evidence that credit
deterioration has occurred in an insured financial obligation. It also clarifies
how Statement 60 applies to financial guarantee insurance contracts, including
the recognition and measurement to be used to account for premium revenue and
claim liabilities, and requires expanded disclosures about financial guarantee
insurance contracts. SFAS 163 is effective for financial statements issued for
fiscal years beginning after December 15, 2008, except for some disclosures
about the insurance enterprise’s risk-management activities. SFAS 163 requires
that disclosures about the risk-management activities of the insurance
enterprise be effective for the first period beginning after issuance. Our
company is currently evaluating the impact of adopting SFAS 163 but does not
expect that it will have a significant effect on its financial position, cash
flows or results of operations.




In
December 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 141R, "Business Combinations" (“FAS 141R”)
which replaces FAS No. 141 and establishes principles and requirements for how
the acquirer of a business recognizes and measures in its financial statements
the identifiable assets acquired, the liabilities assumed, and any
non-controlling interest in the acquiree. FAS 141R also provides guidance for
recognizing and measuring the goodwill acquired in the business combination and
determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This Statement applies




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prospectively
to business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008. Early adoption of FAS 141R is prohibited. Our company will assess the
impact of FAS 141R in the event it enters into a business combination for which
the expected acquisition date is subsequent to the required effective
date.




In
December 2007, the FASB issued FAS 160, which is effective for fiscal years
beginning after December 15, 2008. Under FAS 160, the non-controlling interest
will be measured at 100% of the fair value of assets acquired and liabilities
assumed. Under current standards, the non-controlling interest is measured at
book value. For presentation and disclosure purposes, non-controlling interests
will be classified as a separate component of shareholders’ equity. In addition,
FAS 160 will change the manner in which increases/decreases in ownership
percentages are accounted for. Changes in ownership percentages will be recorded
as equity transactions and no gain or loss will be recognized as long as the
parent retains control of the subsidiary. When a parent company deconsolidates a
subsidiary but retains a non-controlling interest, the non-controlling interest
is re-measured at fair value on the date control is lost and a gain or loss is
recognized at that time. Finally, under FAS 160, accumulated losses attributable
to the non-controlling interests are no longer limited to the original carrying
amount, and therefore non-controlling interests could have a negative carrying
balance. The provisions of FAS 160 are to be applied prospectively with the
exception of the presentation and disclosure provisions, which are to be applied
for all prior periods presented in the financial statements. Early adoption is
not permitted. Our company has reviewed the standards of FAS 160 and has
concluded that it will not have any effect on its financial
statements.




In
February 2007, the FASB issued No. 159, “The Fair Value Option for Financial
Assets and Financial Liabilities” (SFAS No. 159). SFAS No. 159 permits Companies to choose to
measure certain financial instruments
and certain other items at fair value. The standard requires that unrealized
gains and losses on items for which the fair value option has been elected be
reported in earnings. SFAS No. 159 is effective for our company beginning in the
first quarter of fiscal year 2008, although earlier adoption is permitted. Our
company is currently evaluating the impact that SFAS No. 159 will have on its
financial statements.




In
September 2006, FASB issued SFAS No. 157, “Fair Value Measures”. This Statement
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles (GAAP), expands disclosures about fair
value measurements, and applies under other accounting pronouncements that
require or permit fair value measurements. SFAS No. 157 does not require any new
fair value measurements. However, the FASB anticipates that for some entities,
the application of SFAS No. 157 will change current practice. SFAS No. 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, which for our company would be the fiscal year beginning
September 1, 2008. Our company is currently evaluating the impact of adopting
SFAS No. 157 but does not expect that it will have a significant effect on its
financial position or results of operations.























12
 Table of Contents




ITEM 8.       FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA.




















LINK
RESOURCES INC.


(An
Exploration Stage Company)






FINANCIAL
STATEMENTS






MAY
31, 2009 AND 2008


(Stated
in U.S. Dollars)































13
 Table of Contents






REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To:  The
Board of Directors and Shareholders


Link
Resources, Inc.


Reno,
Nevada





I have
audited the accompanying balance sheet of Link Resources Inc. as of May 31, 2009
and 2008 and the related statements of operations, stockholders’ equity and cash
flows for the year ended May 31, 2009 and the period January 9, 2008 (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 audit.
 
 I
conducted my audit 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 audit provides a reasonable basis for
my opinion.
 
 The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company has suffered an initial loss and has not yet
commenced operations.  This raises substantive doubt about the
Company’s ability to continue as a going concern.  Management’s plans
in regard to these matters are also described in Note 2.  The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.
 
 In my
opinion, based on my audit, the financial statements referred to above present
fairly, in all material respects, the financial position of Link Resources Inc.
as of May 31, 2009 and 2008 and the results of its operations, its stockholders’
equity and its cash flows for the year ended May 31, 2009 and the
period  January 9, 2008 (Inception) to May 31, 2008, in conformity
with United States generally accepted accounting principles.
 
 The
Company has determined that it is not required to have, nor was I engaged to
perform, an audit of the effectiveness of its documented internal controls over
financial reporting.
   John
Kinross-Kennedy
 Certified
Public Accountant
 Irvine,
California
 June 26,
2009










14
 Table of Contents




LINK
      RESOURCES INC.(A
      Development Stage Company)Balance
      Sheetas
      at May 31,ASSETS2009
                                                                                                          
                                                                                                          
                                                                                                          2008CURRENT
      ASSETSCash
      and Cash Equivalents
                                                                                                          
                                                                                                          $
                                                                                                          2,440
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          47,768TOTAL
      ASSETS
                                                                                                          
                                                                                                          $
                                                                                                          2,440
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          47,768LIABILITIES
      & STOCKHOLDERS' EQUITYCURRENT
      LIABILITES
                                                                                                          
                                                                                                          $
                                                                                                          -
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          -Commitments
      and contingencies (Note 4)STOCKHOLDERS'
      EQUITYCommon
      Stock, $0.001 par value, 75,000,000 shares authorized,3,450,000 shares
      issued and outstanding at May 31, 2009 and 2008
                                                                                                          
                                                                                                          
                                                                                                          3,450
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          3,450Additional
      paid-in capital
                                                                                                          
                                                                                                          
                                                                                                          50,550
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          50,550Deficit
      accumulated in the development stage
                                                                                                          
                                                                                                          
                                                                                                          (51,560
                                                                                                          )
                                                                                                          
                                                                                                          
                                                                                                          (6,232
                                                                                                          )Total
      Stockholders' Equity
                                                                                                          
                                                                                                          
                                                                                                          2,440
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          47,768TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                                                          
                                                                                                          $
                                                                                                          2,440
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          47,768




The
accompanying notes are an integral part of these financial
statements


15
 Table of Contents




LINK RESOURCES
      INC.(A
      Development Stage Company)Statement
      of OperationsFor
      the period
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              For
      the periodFor
      the year
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              from
      Jan. 9, 2008
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              from
      Jan. 9, 2008ended
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (Inception)
      through
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (Inception)
      throughMay
      31,
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              May
      31,
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              May
      31,2009
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              2008
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              2009Revenues
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              -Costs
      and ExpensesMineral
      Lease
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              9,196
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              5,000
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              14,196Consulting
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              2,921
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              2,921Professional
      Fees
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              14,744
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              14,744Stock
      Transfer Fees
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              17,737
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              17,737Other
      General & Administrative
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              730
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              1,232
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              1,962Total
      Expenses
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              45,328
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              6,232
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              51,560Operating
      Loss
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (45,328
                                                                                                                                                                                                                                              )
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              6,232
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (51,560
                                                                                                                                                                                                                                              )Net
      Income (Loss)
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              (45,328
                                                                                                                                                                                                                                              )
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              (6,232
                                                                                                                                                                                                                                              )
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              $
                                                                                                                                                                                                                                              (51,560
                                                                                                                                                                                                                                              )Basic
      and Dilutive net loss per share
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (0.01
                                                                                                                                                                                                                                              )
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              (0.01
                                                                                                                                                                                                                                              )Weighted
      average number of sharesoutstanding, basic and
      diluted
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              3,450,000
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                              747,902


The
accompanying notes are an integral part of these financial
statements




16
 Table of Contents




LINK
      RESOURCES INC.(A
      Development Stage Company)Statements
      of Cash FlowsFor
      the period
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            For
      the periodFor
      the year
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            from
      Jan. 9, 2008
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            from
      Jan. 9, 2008ended
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (Inception)
      through
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (Inception)
      throughMay
      31,
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            May
      31,
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            May
      31,2009
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            2008
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            2009CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      (Loss)
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            (45,328
                                                                                                                                                                                                                                                            )
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            (6,232
                                                                                                                                                                                                                                                            )
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            (51,560
                                                                                                                                                                                                                                                            )Net
      Cash provided by (used by)Operating
      Activities
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (45,328
                                                                                                                                                                                                                                                            )
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (6,232
                                                                                                                                                                                                                                                            )
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (51,560
                                                                                                                                                                                                                                                            )CASH
      FLOWS FROM INVESTING ACTIVITIESNet
      Cash (used by) Investing Activities
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from the sale of common stock
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            54,000
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            54,000-
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            54,000
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            54,000NET
      INCREASE IN CASH
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            (45,328
                                                                                                                                                                                                                                                            )
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            47,768
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            2,440CASH
      AT BEGINNING OF PERIOD
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            47,768
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            -CASH
      AT END OF PERIOD
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            2,440
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            47,768
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            2,440CASH
      PAID FOR:Interest
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -Income
      Taxes
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                            -


The
accompanying notes are an integral part of these financial
statements




17
 Table of Contents




LINK
      RESOURCES INC.(A
      Development Stage Company)Statement
      of Stockholders' Equity (Deficit)For  the
      year ended May 31, 2009AccumulatedAdditional
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          Deficit
      DuringCommon Stock
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          Paid-in
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          DevelopmentShares
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          Amount
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          Capital
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          Stage
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          TotalBalances
      at January 9, 2008
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          -
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          -
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          -
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          -
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          -Common
      stock issued for cash inApril
      30, 2008 at $0.02 per share
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          1,950,000
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          1,950
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          37,050
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          39,000Common
      stock issued for cash inApril
      30, 2008 at $0.01 per share
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          1,500,000
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          1,500
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          13,500
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          15,000Net
      loss, period ended May 31, 2008
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          (6,232
                                                                                                                                                          )
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          (6,232
                                                                                                                                                          )Balances
      at May 31, 2008
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          3,450,000
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          3,450
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          50,550
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          (6,232
                                                                                                                                                          )
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          47,768Net
      loss, year ended May 31, 2009
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          (45,328
                                                                                                                                                          )
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          (45,328
                                                                                                                                                          )Balances
      at May 31, 2009
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          3,450,000
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          3,450
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          50,550
                                                                                                                                                          
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          (51,560
                                                                                                                                                          )
                                                                                                                                                          
                                                                                                                                                          $
                                                                                                                                                          2,440




The
accompanying notes are an integral part of these financial
statements




18
 Table of Contents




Link
Resources, Inc.


(A
Developmental Stage Company)


Notes
to the Financial Statements


May
31, 2009






1.   
Basis of Presentation and Nature of Operations




Organization




Link
Resources, Inc. (the “Company”) was incorporated under the laws of the State of
Nevada on January 9, 2008. The Company’s principal offices are in Calgary,
Alberta, Canada.





Exploration
Stage Activities




The
Company has been in the exploration state since its formation and has not yet
realized any revenues from its planned operations. The Company is an exploration stage
company as defined in the Securities and Exchange Commission (“S.E.C.”) Industry
Guide No. 7.
The Company entered into a Mineral Lease Agreement on April 1, 2008 for two
mining claims in Pershing County, Nevada, in an area known as the Goldbanks East
Prospect.


2.   
Summary of Significant Accounting Policies
  Basis of
Presentation
  The
financial statements of the Company have been prepared using the accrual basis
of accounting in accordance with generally accepted accounting principles in the
United States.  Because a precise determination of many assets and
liabilities is dependent upon future events, the preparation of financial
statements for a period necessarily involves the use of estimates which have
been made using careful judgment.
  Use of
Estimates
  The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities at the date of the financial statements, and reported amounts of
revenue and expenses during the reporting period.  Actual results
could differ materially from those estimates. Significant estimates made by
management are, among others, realizability of long-lived assets, deferred taxes
and stock option valuation.
  The
financial statements have, in management’s opinion, been properly prepared
within the reasonable limits of materiality and within the framework of the
significant accounting.
  19
 Table of Contents
  Income
Taxes
  The
Company utilizes SFAS No. 109, “Accounting for Income Taxes,” which requires the
recognition of deferred tax assets and liabilities for the expected future tax
consequences of events that have been included in the financial statements or
tax returns.  Under this method, deferred tax assets and liabilities
are determined based on the difference between the tax basis of assets and
liabilities and their financial reporting amounts based on enacted tax laws and
statutory tax rates applicable to the periods
in which the differences are expected to affect taxable
income.  Valuation allowances are established, when necessary, to
reduce deferred tax assets to the amount expected to be realized. The Company
generated a deferred tax credit through net operating loss
carryforward.  However, a valuation allowance of 100% has been
established, as the realization of the deferred tax credits is not reasonably
certain, based on going concern considerations outlined as follows.
  Going
Concern
  The
Company’s financial statements are prepared using accounting principles
generally accepted in the United States of America applicable to a going
concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  The Company has not yet
established an ongoing source of
revenues sufficient to cover its operating costs and to allow it to continue as
a going concern.   The ability of the Company to continue as a
going concern is dependent on the Company obtaining adequate capital to fund
operating losses until it becomes profitable.  If the Company is
unable to obtain adequate capital, it could be forced to cease development of
operations.
  The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish its plans to exploit or lease its mining
claim described in the initial paragraph, or engage a working interest partner,
in order to   eventually secure other sources of financing and
attain profitable operations.  The accompanying financial statements
do not include any adjustments relating to the recoverability and classification
of recorded asset amounts or the amount and classifications or liabilities or
other adjustments that might be necessary should the Company be unable to
continue as a going concern.
  Development-Stage
Company
  The
Company is considered a development-stage company, with limited operating
revenues during the periods presented, as defined by Statement of Financial
Accounting Standards (“SFAS”) No. 7.  SFAS.  No. 7 requires
companies to report their operations, shareholders deficit and cash flows since
inception through the date that revenues are generated from management’s
intended operations, among
  20
 Table of Contents
  other
things.  Management has defined inception as January 9, 2008. Since
inception, the Company has incurred an operating loss of $51,560 The
Company’s working capital has been generated through the sales of common
stock.  Management has provided financial data since January 9, 2008,
“Inception” in the financial statements, as a means to provide readers of the
Company’s financial information to make informed investment
decisions.
  Basic and Diluted Net Loss
Per Share
  Net loss
per share is calculated in accordance with SFAS 128, Earnings Per Share for the
period presented.  Basic net loss per share is based upon the weighted
average number of common shares outstanding.  Diluted net loss per
share is based on the assumption that all dilative convertible shares and stock
options were converted or exercised.  Dilution is computed by applying
the treasury stock method.  Under this method, options and warrants
are assumed exercised at the beginning of the period (or at the time of
issuance, if later), and as if funds obtained thereby we used to purchase common
stock at the average market price during the period.
  The
Company has no potentially dilutive securities outstanding as of May 31,
2009.
  The
following is a reconciliation of the numerator and denominator of the basic and
diluted earnings per share computations for the year ended May31, 2009 and the
period January 9, 2008 (Inception) to May 31,
2008:




NumeratorBasic
      and diluted net loss per share:
                          
                          2009
                          
                          
                          2008Net
      Loss
                          
                          $
                          (45,328
                          )
                          
                          $
                          (6,232
                          )DenominatorBasic
      and diluted weighted average number of shares outstanding
                          
                          
                          3,450,000
                          
                          
                          
                          747,902Basic and Diluted Net Loss Per
      Share
                          
                          $
                          (0.01
                          )
                          
                          $
                          (0.01
                          )




3.   
Capital Structure




During the period from
January 9, 2008 (Inception) through May 31, 2009, the Company entered
into the following equity transactions:


April
      30, 2008
                Sold 1,950,000
      shares of common stock at $.02 per share realizing
      $39,000.
   21
 Table of Contents
  April
      30, 2008
                Sold
      1,500,000 shares of common stock at $.01 per share realizing
      $15,000.
  As of May
31, 2009, the Company has authorized 75,000,000 of $0.001 par common stock, of
which 3,450,000 shares were issued and outstanding.
  4.   
Commitments
  On April
1, 2008 the Company entered into an indefinite lease agreement with the owner of
2 mining claims situated in Pershing County, Nevada, in an area known as the
Goldbanks East Prospect. The agreement requires a royalty of 3 1⁄2 % of net
smelter returns, as defined by the agreement, paid quarterly in
arrears.  Minimum royalty payments are to be paid on April 1st
annually.  Financial commitment for the following five
years:
  Due3rd
      year of lease
                              April
      1, 2010
                              
                              $
                              10,0004th
      year of lease
                              April
      1, 2011
                              
                              $
                              10,0005thyear of lease
                              April
      1, 2012
                              
                              $
                              25,0006th
      year of lease
                              April
      1, 2013
                              
                              $
                              75,0007th
      year of lease
                              April
      1, 2014
                              
                              $
                              75,000$
                              195,000




An
inflation factor is added to the lease fee in the 6th and
subsequent years. In addition, the Company is
required by the agreement to pay mining claim maintenance and/or rental
fees.


5.   
Contingencies,
Litigation
  There are
no loss contingencies or legal proceedings against the Company with respect to
matters arising in the ordinary course of business.  Neither the
Company nor any of its officers or directors is involved in any other litigation
either as plaintiffs or defendants, and have no knowledge or any threatened or
pending litigation against them or any of the officers of
directors.
  6.   
Subsequent
Event
  On June
15, 2009 the Company closed on a private placement to four accredited investors
of convertible notes (the “Notes”) in the aggregate principal amount of
$400,000.  The Notes bear interest at a rate of 2% per annum and are
due and payable in full on June 15, 2010.  The Notes are automatically
converted to Series A Convertible Preferred Stock on a dollar for dollar basis,
on the date on which (i) the Company’s stockholders approve a Certificate of
Amendment authorizing the creation of blank check preferred stock in the amount
of 1,000,000 shares and such Certificate of Amendment is filed with the State of
Nevada and (ii) the Certificate of Designations for the Series A Convertible
Preferred Stock is filed with the State of Nevada.






22
 Table of Contents




ITEM 9.       CHANGES IN AND DISAGREEMENTS
WITH ACCOUNTANTS ON    ACCOUNTING AND FINANCIAL
DISCLOSURE.




None.




ITEM 9A(T).       CONTROLS AND
PROCEDURES.




Evaluation
of Disclosure Controls and Procedures




We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission’s rules and forms and that such information
is accumulated and communicated to our management, including our Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow for timely
decisions regarding required disclosure. In designing and evaluating the
disclosure controls and procedures, management recognizes that any controls and
procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving the desired control objectives, and management
is required to apply its judgment in evaluating the cost-benefit relationship of
possible controls and procedures. Our disclosure controls and procedures were
designed to provide reasonable assurance that the controls and procedures would
meet their objectives. As required by SEC Rule 13a-15(b), our management carried
out an evaluation, with the participation of our Chief Executive and Chief
Financial Officers, of the effectiveness of the design and operation of our
disclosure controls and procedures as of the end of the period covered by this
report. Based on the foregoing, our Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures were effective at
the reasonable assurance level.




Management’s
Annual Report on Internal Control over Financial Reporting




Management
is responsible for establishing and maintaining adequate internal control over
our financial reporting. In order to evaluate the effectiveness of internal
control over financial reporting, as required by Section 404 of the
Sarbanes-Oxley Act, management has conducted an assessment, including testing,
using the criteria in Internal Control — Integrated Framework, issued by the
Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). Our
system of internal control over financial reporting is designed to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. Because of its inherent limitations,
internal control over financial reporting may not prevent or detect
misstatements. Management has used the framework set forth in the report
entitled Internal Control-Integrated Framework published by the Committee of
Sponsoring Organizations of the Treadway Commission, known as COSO, to evaluate
the effectiveness of our internal control over financial reporting. Based on
this assessment, management has concluded that our internal control over
financial reporting was effective as of May 31, 2009.This Annual Report does not
include an attestation report of our independent registered public accounting
firm regarding internal control over financial reporting. Our internal control
over financial reporting was not subject to attestation by our independent
registered public accounting firm pursuant to temporary rules of the SEC that
permit us to provide only management’s report in this Annual
Report.




There has
been no change in our internal controls over financial reporting during our most
recent fiscal quarter that has materially affected, or is reasonably likely to
materially affect, our internal controls over financial reporting.









23
 Table of Contents


PART III
  ITEM 10.       DIRECTORS, EXECUTIVE
OFFICERS AND CORPORATE GOVERNANCE
  Directors
and Executive Officers
  As of
June 29, 2009, our directors and executive officers, their ages, positions held,
and duration of such, are as follows:


Name
              
              Position Held with
      the
                Company
              
              Age
              
              Date First
      Elected
                or
    AppointedAnthony
      Zaradic
              
              President,
      Secretary, Treasurer and a Director
              
              32
              
              Inception




Anthony
Zaradic.  Mr. Zaradic is our CEO, CFO, President, Secretary,
Treasurer and sole director. Mr. Zaradic has extensive experience in the
geophysical data management field. Following receipt of a Network Technician
Diploma from CDI College of Business and Technology in June of 2001 Mr. Zaradic
worked for Paradigm Geophysical (formerly Core Lab RTD) as an operator. In 2004,
Mr. Zaradic became an Archiving Technician for Copyseis Ltd., a Seismic data
storage and archive/data warehouse. Since 2005 Mr. Zaradic has worked as a
Geophysical Technician for Divestco Inc. (Formerly Geo-X Processing) a seismic
signal processing, seismic software development and seismic data brokerage
company.




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 the director and officer described
above.




Family
Relationships




There are
no family relationships among our directors or officers.




Audit
Committee




The
function of the Audit Committee is performed by our Board of
Directors.




Audit
Committee Financial Expert




Our board
of directors has determined that it does not have an audit committee member that
qualifies as an “audit committee financial expert” as defined in Item
407(d)(5)(ii) of Regulation S-K. We believe that the audit committee member is
capable of analyzing and evaluating our financial statements and understanding
internal controls and procedures for financial reporting. In addition, we
believe that retaining an independent director who would qualify as an “audit
committee financial expert” would be overly costly and burdensome and is not
warranted in our circumstances given the early stages of our development and the
fact that we have not generated revenues to date.




24
 Table of Contents




Section 16(a) Beneficial Ownership
Compliance




Section
16(a) of the Exchange Act requires our executive officers and directors and
persons who own more than 10% of a registered class of our equity securities to
file with the SEC initial statements of beneficial ownership, reports of changes
in ownership and annual reports concerning their ownership of our common stock
and other equity securities, on Forms 3, 4 and 5 respectively. Executive
officers, directors and greater than 10% shareholders are required by the SEC
regulations to furnish us with copies of all Section 16(a) reports that they
file.




Based
solely on our review of the copies of such forms received by us, or written
representations from certain reporting persons, we believe that all filing
requirements applicable to our officers, directors and greater than ten percent
beneficial owners were complied with.




ITEM 11.       EXECUTIVE
COMPENSATION.




Since
inception we have never paid to our existing officers any salary or consulting
fees.




Option/SAR Grants in Last Fiscal
Year




We did
not grant any stock options to our executive officers or directors from
inception through  May 31, 2009.




Director
Compensation




We do not
pay our directors any fees or other compensation for acting as directors. We
have not paid any fees or other compensation to any of our directors for acting
as directors to date.




Employment
Contracts




We
presently do not have any employment agreements or other compensation
arrangements with Mr. Zaradic. Generally, Mr. Zaradic provides his services on a
part-time basis without compensation. Mr. Zaradic has agreed not to charge any
management fee during the current period in which we are seeking new business
opportunities.




Change of
Control




There is
no compensatory plan or arrangement with respect to any executive officer which
results or will result from the resignation, retirement or any other termination
of employment with us, or from a change in our control.




ITEM 12.       SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
MATTERS.




As of
June 29, 2009, there were 3,450,000 shares of our common stock outstanding. The
following table sets forth certain information known to us with respect to the
beneficial ownership of our common stock as of that date by (i) each of our
directors, (ii) each of our executive officers, and (iii) all of our directors
and executive officers as a group. Except as set forth in the table below, there
is no person known to us who beneficially owns more than 5% of our common
stock.




25
 Table of Contents


Title of
      Class
                Directors and
      Officers:
              
              Name and
      Address
                of Beneficial
      Owner
              
              Number of
      Shares
                Beneficially Owned (1)
              
              Percentage of
      Class
                (2)Common
      Stock
              
              Anthony
      Zaradic
                392
      Acadia Drive S.E.
                Calgary,
      Alberta T2J 0A8
              
              1,500,000
              
              43.47%Common
      Stock
              
              Directors
      and Officers as
                a
      group
              
              1,500,000
              
              43.47%




(1)
                          Under
      Rule 13d-3, a beneficial owner of a security includes any person who,
      directly or indirectly, through any contract, arrangement, understanding,
      relationship, or otherwise has or shares: (i) voting power, which includes
      the power to vote, or to direct the voting of shares; and (ii) investment
      power, which includes the power to dispose or direct the disposition of
      shares. Certain shares may be deemedto be beneficially owned by
      more than one person (if, for example, persons share the power to vote or
      the power to dispose of the shares). In addition, shares are deemed to be
      beneficially owned by a person if the person has the right to acquire the
      shares (for example, upon exercise of an option) within 60 days of the
      date as of which the information is provided. In computing the percentage
      ownership of any person, the amount of shares outstanding is deemed to
      include the amount of shares beneficially owned by such person (and only
      such person) by reason of these acquisition rights.(2)
                          The
      percentage of class is based on 3,450,000 shares of common stock issued
      and outstanding as of June 29,
2009.




ITEM 13.       CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.




Our
common stock is quoted on the OTC bulletin board interdealer quotation system,
which does not have director independence requirements. Under NASDAQ rule
4200(a)(15), a director is not considered to be independent if he or she is also
an executive officer or employee of the corporation. Our sole director, Anthony
Zaradic, is also our chief executive officer, president and treasurer. As a
result, we do not have any independent directors.




As a
result of our limited operating history and limited resources, our management
believes that we will have difficulty in attracting independent directors. In
addition, we would be likely be required to obtain directors and officers
insurance coverage in order to attract and retain independent directors. Our
management believes that the costs associated with maintaining such insurance is
prohibitive at this time.




ITEM 14.       PRINCIPAL ACCOUNTANT FEES
AND SERVICES




Audit fees




The
aggregate fees billed for the two most recently completed fiscal periods ended
May 31, 2009 and May 31, 2008 for professional services rendered by John
Kinross-Kennedy, C.P.A., for the audit of our annual consolidated financial
statements, quarterly reviews of our interim consolidated financial statements
and services normally provided by the independent accountant in connection with
statutory and regulatory filings or engagements for these fiscal periods were as
follows:




Year Ended
                      May 31,
                      2009
                    
                    
                    Period
      January 9, 2008 (Inception) to
                        May 31,
                        2008Audit
      Fees and Audit Related Fees
                    
                    $
                    2,300
                    
                    
                    $
                    1,500Tax
      Fees
                    
                    
                    -
                    
                    
                    
                    -All
      Other Fees
                    
                    
                    -
                    
                    
                    
                    -Total
                    
                    $
                    2,300
                    
                    
                    $
                    1,500




26
 Table of Contents




In the
above table, “audit fees” are fees billed by our company’s external auditor for
services provided in auditing our company’s annual financial statements for the
subject year. “Audit-related fees” are fees not included in audit fees that are
billed by the auditor for assurance and related services that are reasonably
related to the performance of the audit review of our company’s financial
statements. “Tax fees” are fees billed by the auditor for professional services
rendered for tax compliance, tax advice and tax planning. “All other fees” are
fees billed by the auditor for products and services not included in the
foregoing categories.




Policy
on Pre-Approval by Audit Committee of Services Performed by Independent
Auditors




The board
of directors pre-approves all services provided by our independent auditors. All
of the above services and fees were reviewed and approved by the board of
directors either before or after the respective services were
rendered.




The board
of directors has considered the nature and amount of fees billed by John
Kinross-Kennedy, C.P.A. and believes that the provision of services for
activities unrelated to the audit is compatible with maintaining John
Kinross-Kennedy, C.P.A.




PART IV




ITEM 15.       EXHIBITS, FINANCIAL
STATEMENT SCHEDULES.




Exhibit
                              Number
                            
                            Description3.1
                            
                            Articles
      of Incorporation (filed as an exhibit to our Form S-1 Registration
      Statement, filed on August 20, 2008)3.2
                            
                            Bylaws
      (filed as an exhibit to our Form S-1 Registration Statement, filed on
      August 20, 2008)31.1*
                            
                            Certification of Chief
      Executive Officer and Chief Financial Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 200232.1*
                            
                            Certification of Chief
      Executive Officer and Chief Financial Officer pursuant Section 906
      Certifications under Sarbanes-Oxley Act of 2002


* Filed
herewith.




SIGNATURES




Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.




LINK
RESOURCES INC.




By
            /s/ Anthony ZaradicAnthony
      ZaradicPresident,
      Secretary, Treasurer, Chief Executive OfficerDate:
            June
      30, 2009














27