Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Feb. 29, 2016 | Apr. 13, 2016 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Feb. 29, 2016 | |
Trading Symbol | sggv | |
Entity Registrant Name | STERLING GROUP VENTURES INC | |
Entity Central Index Key | 1,175,416 | |
Current Fiscal Year End Date | --05-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 75,730,341 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well Known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 |
CONDENSED INTERIM CONSOLIDATED
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) | Feb. 29, 2016 | May. 31, 2015 |
Current Assets | ||
Cash and cash equivalents | $ 1,242,288 | $ 1,433,109 |
GST receivable | 3,587 | 4,888 |
Prepaid expenses and other receivable | 16,293 | 7,874 |
Total current assets | 1,262,168 | 1,445,871 |
Equipment | 78,978 | 108,309 |
Environmental deposit | 120,460 | 127,393 |
Mineral Properties | 3,148,740 | 3,148,740 |
Total Assets | 4,610,346 | 4,830,313 |
Current Liabilities | ||
Accounts payable and other accrued liabilities | 408,446 | 420,973 |
Deferred income tax liability | 732,687 | 732,687 |
Total Liabilities | 1,141,133 | 1,153,660 |
Stockholders' Equity | ||
Common Stock : $0.001 Par Value Authorized : 500,000,000 Issued and Outstanding : 75,730,341 (May 31, 2015: 75,730,341) | 75,730 | 75,730 |
Additional Paid In Capital | 10,831,422 | 10,831,422 |
Accumulated Other Comprehensive Loss | (582) | (582) |
Accumulated deficit | (7,437,357) | (7,229,917) |
Total Stockholders' Equity | 3,469,213 | 3,676,653 |
Total Liabilities and Stockholders' Equity | $ 4,610,346 | $ 4,830,313 |
CONDENSED INTERIM CONSOLIDATED3
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Feb. 29, 2016 | May. 31, 2015 |
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares, Issued | 75,730,341 | 75,730,341 |
Common Stock, Shares, Outstanding | 75,730,341 | 75,730,341 |
CONDENSED INTERIM CONSOLIDATED4
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Feb. 29, 2016 | Feb. 28, 2015 | Feb. 29, 2016 | Feb. 28, 2015 | |
Expenses | ||||
Accounting, audit, legal and professional fees | $ 14,066 | $ 14,187 | $ 59,592 | $ 66,205 |
Bank charges | 96 | 133 | 323 | 501 |
Consulting fees | 4,835 | 5,424 | 14,913 | 17,335 |
Depreciation | 7,261 | 11,189 | 24,837 | 33,839 |
Filing fees and transfer agent | 1,348 | 1,111 | 7,514 | 8,179 |
General and administrative | 605 | 614 | 1,894 | 1,156 |
Mineral property costs | 22,912 | 36,937 | 83,146 | 112,564 |
Shareholder information and investor relations | 1,875 | 2,025 | 4,500 | 6,334 |
Total Operating Expenses | (52,998) | (71,620) | (196,719) | (246,113) |
Other items | ||||
Interest income | 3,684 | 4,986 | 11,121 | 15,727 |
Finance expense | 0 | (107,006) | 0 | (107,006) |
Foreign exchange gain(loss) | (10,245) | 54 | (21,842) | 24,704 |
Total Nonoperating Income (Expense),Total | (6,561) | (101,966) | (10,721) | (66,575) |
Net loss and Comprehensive loss for the period | $ (59,559) | $ (173,586) | $ (207,440) | $ (312,688) |
Basic and diluted loss per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding | 75,730,341 | 75,730,341 | 75,730,341 | 75,730,341 |
CONDENSED INTERIM CONSOLIDATED5
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) | Common Stock [Member] | Additional Paid In Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Deficit Accumulated During the Exploration Stage [Member] | Total |
Beginning Balance at May. 31, 2014 | $ 75,730 | $ 10,724,416 | $ (582) | $ (6,859,585) | $ 3,939,979 |
Beginning Balance (Shares) at May. 31, 2014 | 75,730,341 | ||||
Revaluation of share purchase warrants | 107,006 | 107,006 | |||
Net loss for the period | (370,332) | (370,332) | |||
Ending Balance at May. 31, 2015 | $ 75,730 | 10,831,422 | (582) | (7,229,917) | 3,676,653 |
Ending Balance (Shares) at May. 31, 2015 | 75,730,341 | ||||
Net loss for the period | (207,440) | (207,440) | |||
Ending Balance at Feb. 29, 2016 | $ 75,730 | $ 10,831,422 | $ (582) | $ (7,437,357) | $ 3,469,213 |
Ending Balance (Shares) at Feb. 29, 2016 | 75,730,341 |
CONDENSED INTERIM CONSOLIDATED6
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Feb. 29, 2016 | Feb. 28, 2015 | |
Cash flows from operating activities | ||
Net loss for the period | $ (207,440) | $ (312,688) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation | 24,837 | 33,839 |
Stock based compensation | 0 | 107,006 |
Foreign exchange | 12,700 | 662 |
Changes in non-cash working capital items | ||
GST receivable | 1,301 | 16,059 |
Prepaid expenses and other receivable | (8,967) | (15,420) |
Accounts payable and accrued liabilities | 6,094 | (786) |
Net cash used in operating activities | (171,475) | (171,328) |
Cash flows from investing activities | ||
Additions to equipment | (737) | (397) |
Net cash used in investing activities | (737) | (397) |
Cash flows from financing activities | ||
Amounts (repaid to) a director | (18,609) | (35,794) |
Net cash used in financing activities | (18,609) | (35,794) |
Net decrease in cash and cash equivalents | (190,821) | (207,519) |
Cash and cash equivalents - beginning of period | 1,433,109 | 1,673,448 |
Cash and cash equivalents - end of period | 1,242,288 | 1,465,929 |
Cash paid for : | ||
Interest | 0 | 0 |
Income taxes | $ 0 | $ 0 |
Nature of Operations and Abilit
Nature of Operations and Ability to Continue as a Going Concern | 9 Months Ended |
Feb. 29, 2016 | |
Nature of Operations and Ability to Continue as a Going Concern [Text Block] | Note 1 Nature of Operations and Ability to Continue as a Going Concern Sterling Group Ventures, Inc. was incorporated in the State of Nevada on September 13, 2001 and its fiscal year-end is May 31. On January 20, 2004, the Company acquired all of the issued and outstanding shares of Micro Express Ltd. (“Micro”), which was incorporated on July 27, 1994. The business combination was accounted for as a reverse acquisition whereby the purchase method of accounting was used with Micro being the accounting acquirer and the Company being the accounting subsidiary. Sterling Group Ventures, Inc. (the “Company”) is in the exploration stage. The Company has entered into joint venture agreements to explore and develop mineral properties located in China and has not yet determined whether these properties contain reserves that are economically recoverable. The recoverability of amounts from these properties will be dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the joint venture agreements and to complete the development of the properties and upon future profitable production or proceeds from the sale thereof. These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown as these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. The Company incurred a net loss of $207,440 during the period ended February 29, 2016 and, as at that date, had a cumulative loss of $7,437,357 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however, there is no assurance of additional funding being available. The information presented in the accompanying condensed interim consolidated financial statements is without audit pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in the condensed interim consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures are adequate to make the information presented not misleading. These statements reflect all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. Except where noted, the condensed interim consolidated financial statements follow the same accounting policies and methods of their application as our May 31, 2015 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these condensed interim consolidated financial statements be read in conjunction with our May 31, 2015 annual consolidated financial statements. Operating results for the nine months ended February 29, 2016 are not necessarily indicative of the results that can be expected for the year ending May 31, 2016. These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Micro Express Holdings Inc., Micro Express Ltd., Huyana Ventures Limited, Makaelo Holdings Inc., Makaelo Limited, Silver Castle Investments Limited (“Silver Castle”) and its 100% controlled subsidiary, Chenxi County Hongyu Mining Co. Ltd. ("Hongyu"). All inter-company transactions and account balances have been eliminated. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Feb. 29, 2016 | |
Recent Accounting Pronouncements [Text Block] | Note 2 Recent Accounting Pronouncements In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which changes the presentation of debt issuance costs in the financial statements. Under the ASU, an entity should present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This new guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015; early adoption is allowed for all entities for financial statements that have not been previously issued. Entities would apply the new guidance retrospectively to all prior periods. The Company is currently evaluating the potential impact of adoption of this guidance on its consolidated financial statements. In August, 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about the entity’s ability to continue as a going concern.” The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. In June 2014, the FASB issued Accounting Standard Update (ASU) 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Allow a Performance Target to Be Achieved After the Requisite Service Period,” which requires that a performance target that could be achieved after the requisite service period be treated as a performance condition that affects the vesting of the award. The amendments in ASU 2014-12 are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. Entities may apply the amendments in ASU 2014-12 either: (i) prospectively to all awards granted or modified after the effective date; or (ii) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The Company is currently evaluating the potential impact of the adoption of this guidance on its consolidated financial statements. |
Mineral Properties
Mineral Properties | 9 Months Ended |
Feb. 29, 2016 | |
Mineral Properties [Text Block] | Note 3 Mineral Properties A summary of mineral property costs for the cumulative period ended February 29, 2016 and year ended May 31, 2015 were incurred and accounted for in the consolidated statement of operations as follows: Balance, May 31, 2014 $ 921,163 Administrative 17,682 Consulting fees 28,307 Engineering 2,181 Mining permit 12,925 Travel & promotion 32,857 Wages and benefits 59,586 Balance, May 31, 2015 $ 1,074,701 Administrative 2,765 Consulting fees 14,170 Mining permit 10,668 Travel & promotion 10,975 Wages and benefits 44,568 Balance, February 29, 2016 $ 1,157,847 a) Gaoping Phosphate Property During the period ended February 29, 2016, the Company incurred mineral property expenditures of $83,146 (February 28, 2015: $112,564). As of February 29, 2016, the Company has incurred total mineral property costs of $1,157,847 (May 31, 2015: $1,074,701) on this property which have been expensed to the statement of operations as disclosed in the table above. |
Equipment
Equipment | 9 Months Ended |
Feb. 29, 2016 | |
Equipment [Text Block] | Note 4 Equipment February 29, 2016 May 31, 2015 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Computer equipment $ 14,752 $ 13,988 $ 764 $ 14,126 $ 13,809 $ 317 Automobile 56,977 45,295 11,682 60,256 38,801 21,455 Office equipment 3,395 3,395 - 3,590 3,590 - Machinery 155,665 89,133 66,532 164,625 78,088 86,537 $ 230,789 $ 151,811 $ 78,978 $ 242,597 $ 134,288 $ 108,309 The depreciation for the period ended February 29, 2016 was $24,837 (February 28, 2015: $33,839). |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Feb. 29, 2016 | |
Related Party Transactions [Text Block] | Note 5 Related Party Transactions The Company was charged consulting fees for administrative, corporate, financial, engineering, and management services during the period ended February 29, 2016 totalling $13,435 (February 28, 2015: $15,817) by companies controlled by a director of the Company. Included in accounts payable and accrued liabilities is $396,541 (May 31, 2015: $415,150) which was due to companies controlled by the directors for their services provided in previous years. |
Capital Stock
Capital Stock | 9 Months Ended |
Feb. 29, 2016 | |
Capital Stock [Text Block] | Note 6 Capital Stock a) Capital Stock There was no share issuance during the period ended February 29, 2016 and year ended May 31, 2015. b) Stock Options There were no stock options granted during the period ended February 29, 2016 and year ended May 31, 2015. At February 29, 2016, there were 5,200,000 stock options (May 31, 2015: 5,200,000) outstanding and exercisable with an exercise price at $0.25 each expiring on February 3, 2019, with an aggregate intrinsic value of $nil (May 31, 2015: $nil) and a weighted average remaining contractual term of 2.93 years (May 31, 2015: 3.68 years). c) Share Purchase Warrants At February 29, 2016, there were 24,570,000 share purchase warrants (May 31, 2015: 24,570,000) outstanding and exercisable with weighted average exercise price at $0.204. Series Number Price Expiry Date "A" 3,817,500 $ 0.50 February 17, 2017 "D" 20,752,500 $ 0.15 February 17, 2017 24,570,000 |
Foreign Currency Risk
Foreign Currency Risk | 9 Months Ended |
Feb. 29, 2016 | |
Foreign Currency Risk [Text Block] | Note 7 Foreign Currency Risk The Company is exposed to fluctuations in foreign currencies through amounts held in China in RMB: Cash and cash equivalents $428,597 (May 31, 2015 - $465,187). The Company is exposed to fluctuations in foreign currencies through amounts held in Canada in CAD: Cash $51,548 (May 31, 2015 - $3,076). The Company is exposed to fluctuations in foreign currencies through amounts held in Hong Kong in HKD: Cash $95 (May 31, 2015 - $110). |
Segment Information
Segment Information | 9 Months Ended |
Feb. 29, 2016 | |
Segment Information [Text Block] | Note 8 Segment Information The Company operates in Canada and China, with operations in the mineral resources sector. The Company’s assets are allocated to each country as follows: February 29, 2016 May 31, 2015 Canada China Total Canada China Total Cash and cash equivalents $ 69,592 $ 1,172,696 $ 1,242,288 $ 174,003 $ 1,259,106 $ 1,433,109 Prepaid expense and receivable 7,337 12,543 19,880 5,638 7,124 12,762 Equipment 187 78,791 78,978 286 108,023 108,309 Environmental deposit - 120,460 120,460 - 127,393 127,393 Mineral properties - 3,148,740 3,148,740 - 3,148,740 3,148,740 $ 77,116 $ 4,533,230 $ 4,610,346 $ 179,927 $ 4,650,386 $ 4,830,313 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Feb. 29, 2016 | |
Subsequent Events [Text Block] | Note 9 Subsequent Event On April 9, 2016, the Company signed an agreement with Chenguo Capital Limited (“Chenguo”) of 50 th Under the terms of the agreement, the Company acquires Euro Asia Premier Real Estate (HK) Ltd (“Euro Asia (HK)”), based in Hong Kong and which is owned by Chenguo, to be used as a vehicle in the development of a leisure timeshare exchange platform to be operated in China and in other parts of the world to take advantage of interest and outflow of tourism from China. The Company will deploy US$1 million of its cash in order to speed up the development of the aforementioned leisure timeshare exchange platform. Chenguo also owns the rights to 2 hotels currently under completion and a parcel of land in Weifang, Shandong Province. According to appraisals done in 2011 by DTZ, a global real-estate appraisal and valuation company that recently merged with Cushman Wakefield, the properties were appraised at a combined value of 327 million RMB or approximately US$50.6 million. These properties are presently finalizing a court approved auction process due to a default on loans advanced by Mr. Guo through a trust company, under which Euro Asia (HK) will either receive the proceeds from the auction, if the assets are sold for fair market value, or the titles to the properties. These properties or the cash received from auction shall be reorganized into Euro Asia (HK), which the Company has acquired. If the properties are acquired and vested to the Company and/or its subsidiary, we will then sell the properties as timeshare units at an expected premium above appraised value. The properties will be organized and securitized into retail timeshares and will be entered into the timeshare exchange network currently under development and which will be owned by the Company. Chenguo will also offer to the Company other assets it owns, in full or in part, including other leisure property or third party assets it is presently negotiating to be included in the platform. The Company will agree to become the exclusive seller of these properties. It is projected that the Company will only repay 75% of the properties’ appraised values. Under the terms of the agreement, the Company will issue 85,000,000 shares to Chenguo in escrow, so that Chengguo will own a significant portion of the Company on a proforma basis. The escrow arrangement contemplates that if within 9 months the Shandong properties or the rights to sell other assets have not been reorganized into a subsidiary of Euro Asia (HK), 50% of the shares in escrow will be cancelled. In addition, Chenguo will reimburse up to $1 million USD to the Company. If this persists to 18 months, the remaining shares in escrow will be cancelled and the obligations of both parties will be null and void. The Company will also issue to Chenguo redeemable, voting, non-interest bearing, convertible, preferred shares in escrow. These preferred shares shall be redeemable for cash equal to 75% of the appraised value of the aforementioned properties and will be convertible at no less than US$0.50 /share. Redemption will be subject to adequate discretionary cash on hand to continue operations. Any proceeds in excess of this amount will be retained as an asset of the Company. In order the aid in the financing of the project, Chenguo has also agreed to a US$3 million private placement at US$0.15 to close on or before August 1, 2016. Mr. Hanwei Guo has also agreed to join the Board. A finder’s fee of 8 million shares will be paid. |
Mineral Properties (Tables)
Mineral Properties (Tables) | 9 Months Ended |
Feb. 29, 2016 | |
Summary of Mineral Property Expenditures [Table Text Block] | Balance, May 31, 2014 $ 921,163 Administrative 17,682 Consulting fees 28,307 Engineering 2,181 Mining permit 12,925 Travel & promotion 32,857 Wages and benefits 59,586 Balance, May 31, 2015 $ 1,074,701 Administrative 2,765 Consulting fees 14,170 Mining permit 10,668 Travel & promotion 10,975 Wages and benefits 44,568 Balance, February 29, 2016 $ 1,157,847 |
Equipment (Tables)
Equipment (Tables) | 9 Months Ended |
Feb. 29, 2016 | |
Property, Plant and Equipment [Table Text Block] | February 29, 2016 May 31, 2015 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Computer equipment $ 14,752 $ 13,988 $ 764 $ 14,126 $ 13,809 $ 317 Automobile 56,977 45,295 11,682 60,256 38,801 21,455 Office equipment 3,395 3,395 - 3,590 3,590 - Machinery 155,665 89,133 66,532 164,625 78,088 86,537 $ 230,789 $ 151,811 $ 78,978 $ 242,597 $ 134,288 $ 108,309 |
Capital Stock (Tables)
Capital Stock (Tables) | 9 Months Ended |
Feb. 29, 2016 | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Series Number Price Expiry Date "A" 3,817,500 $ 0.50 February 17, 2017 "D" 20,752,500 $ 0.15 February 17, 2017 24,570,000 |
Segment Information (Tables)
Segment Information (Tables) | 9 Months Ended |
Feb. 29, 2016 | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | February 29, 2016 May 31, 2015 Canada China Total Canada China Total Cash and cash equivalents $ 69,592 $ 1,172,696 $ 1,242,288 $ 174,003 $ 1,259,106 $ 1,433,109 Prepaid expense and receivable 7,337 12,543 19,880 5,638 7,124 12,762 Equipment 187 78,791 78,978 286 108,023 108,309 Environmental deposit - 120,460 120,460 - 127,393 127,393 Mineral properties - 3,148,740 3,148,740 - 3,148,740 3,148,740 $ 77,116 $ 4,533,230 $ 4,610,346 $ 179,927 $ 4,650,386 $ 4,830,313 |
Nature of Operations and Abil20
Nature of Operations and Ability to Continue as a Going Concern (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Nature Of Operations And Ability To Continue As A Going Concern 1 | $ 207,440 |
Nature Of Operations And Ability To Continue As A Going Concern 2 | $ 7,437,357 |
Nature Of Operations And Ability To Continue As A Going Concern 3 | 100.00% |
Mineral Properties (Narrative)
Mineral Properties (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Mineral Properties 1 | $ 83,146 |
Mineral Properties 2 | 112,564 |
Mineral Properties 3 | 1,157,847 |
Mineral Properties 4 | $ 1,074,701 |
Equipment (Narrative) (Details)
Equipment (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Equipment 1 | $ 24,837 |
Equipment 2 | $ 33,839 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Related Party Transactions 1 | $ 13,435 |
Related Party Transactions 2 | 15,817 |
Related Party Transactions 3 | 396,541 |
Related Party Transactions 4 | $ 415,150 |
Capital Stock (Narrative) (Deta
Capital Stock (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($)yrshares | |
Capital Stock 1 | shares | 5,200,000 |
Capital Stock 2 | 5,200,000 |
Capital Stock 3 | $ 0.25 |
Capital Stock 4 | 0 |
Capital Stock 5 | $ 0 |
Capital Stock 6 | yr | 2.93 |
Capital Stock 7 | yr | 3.68 |
Capital Stock 8 | 24,570,000 |
Capital Stock 9 | 24,570,000 |
Capital Stock 10 | $ 0.204 |
Foreign Currency Risk (Narrativ
Foreign Currency Risk (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Foreign Currency Risk 1 | $ 428,597 |
Foreign Currency Risk 2 | 465,187 |
Foreign Currency Risk 3 | 51,548 |
Foreign Currency Risk 4 | 3,076 |
Foreign Currency Risk 5 | 95 |
Foreign Currency Risk 6 | $ 110 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) | 9 Months Ended |
Feb. 29, 2016USD ($)moshares | |
Subsequent Events 1 | $ 1,000,000 |
Subsequent Events 2 | 327,000,000 |
Subsequent Events 3 | $ 50,600,000 |
Subsequent Events 4 | 75.00% |
Subsequent Events 5 | shares | 85,000,000 |
Subsequent Events 6 | mo | 9 |
Subsequent Events 7 | 50.00% |
Subsequent Events 8 | $ 1,000,000 |
Subsequent Events 9 | mo | 18 |
Subsequent Events 10 | 75.00% |
Subsequent Events 11 | $ 0.50 |
Subsequent Events 12 | 3,000,000 |
Subsequent Events 13 | $ 0.15 |
Subsequent Events 14 | shares | 8,000,000 |
Summary of Mineral Property Exp
Summary of Mineral Property Expenditures (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Mineral Properties Summary Of Mineral Property Expenditures 1 | $ 921,163 |
Mineral Properties Summary Of Mineral Property Expenditures 2 | 17,682 |
Mineral Properties Summary Of Mineral Property Expenditures 3 | 28,307 |
Mineral Properties Summary Of Mineral Property Expenditures 4 | 2,181 |
Mineral Properties Summary Of Mineral Property Expenditures 5 | 12,925 |
Mineral Properties Summary Of Mineral Property Expenditures 6 | 32,857 |
Mineral Properties Summary Of Mineral Property Expenditures 7 | 59,586 |
Mineral Properties Summary Of Mineral Property Expenditures 8 | 1,074,701 |
Mineral Properties Summary Of Mineral Property Expenditures 9 | 2,765 |
Mineral Properties Summary Of Mineral Property Expenditures 10 | 14,170 |
Mineral Properties Summary Of Mineral Property Expenditures 11 | 10,668 |
Mineral Properties Summary Of Mineral Property Expenditures 12 | 10,975 |
Mineral Properties Summary Of Mineral Property Expenditures 13 | 44,568 |
Mineral Properties Summary Of Mineral Property Expenditures 14 | $ 1,157,847 |
Property, Plant and Equipment (
Property, Plant and Equipment (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Equipment Property, Plant And Equipment 1 | $ 14,752 |
Equipment Property, Plant And Equipment 2 | 13,988 |
Equipment Property, Plant And Equipment 3 | 764 |
Equipment Property, Plant And Equipment 4 | 14,126 |
Equipment Property, Plant And Equipment 5 | 13,809 |
Equipment Property, Plant And Equipment 6 | 317 |
Equipment Property, Plant And Equipment 7 | 56,977 |
Equipment Property, Plant And Equipment 8 | 45,295 |
Equipment Property, Plant And Equipment 9 | 11,682 |
Equipment Property, Plant And Equipment 10 | 60,256 |
Equipment Property, Plant And Equipment 11 | 38,801 |
Equipment Property, Plant And Equipment 12 | 21,455 |
Equipment Property, Plant And Equipment 13 | 3,395 |
Equipment Property, Plant And Equipment 14 | 3,395 |
Equipment Property, Plant And Equipment 15 | 0 |
Equipment Property, Plant And Equipment 16 | 3,590 |
Equipment Property, Plant And Equipment 17 | 3,590 |
Equipment Property, Plant And Equipment 18 | 0 |
Equipment Property, Plant And Equipment 19 | 155,665 |
Equipment Property, Plant And Equipment 20 | 89,133 |
Equipment Property, Plant And Equipment 21 | 66,532 |
Equipment Property, Plant And Equipment 22 | 164,625 |
Equipment Property, Plant And Equipment 23 | 78,088 |
Equipment Property, Plant And Equipment 24 | 86,537 |
Equipment Property, Plant And Equipment 25 | 230,789 |
Equipment Property, Plant And Equipment 26 | 151,811 |
Equipment Property, Plant And Equipment 27 | 78,978 |
Equipment Property, Plant And Equipment 28 | 242,597 |
Equipment Property, Plant And Equipment 29 | 134,288 |
Equipment Property, Plant And Equipment 30 | $ 108,309 |
Schedule of Stockholders' Equit
Schedule of Stockholders' Equity Note, Warrants or Rights (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 1 | $ 3,817,500 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 2 | 0.50 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 3 | $ 20,752,500 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 4 | 0.15 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 5 | $ 24,570,000 |
Schedule of Segment Reporting I
Schedule of Segment Reporting Information, by Segment (Details) | 9 Months Ended |
Feb. 29, 2016USD ($) | |
Segment Information Schedule Of Segment Reporting Information, By Segment 1 | $ 69,592 |
Segment Information Schedule Of Segment Reporting Information, By Segment 2 | 1,172,696 |
Segment Information Schedule Of Segment Reporting Information, By Segment 3 | 1,242,288 |
Segment Information Schedule Of Segment Reporting Information, By Segment 4 | 174,003 |
Segment Information Schedule Of Segment Reporting Information, By Segment 5 | 1,259,106 |
Segment Information Schedule Of Segment Reporting Information, By Segment 6 | 1,433,109 |
Segment Information Schedule Of Segment Reporting Information, By Segment 7 | 7,337 |
Segment Information Schedule Of Segment Reporting Information, By Segment 8 | 12,543 |
Segment Information Schedule Of Segment Reporting Information, By Segment 9 | 19,880 |
Segment Information Schedule Of Segment Reporting Information, By Segment 10 | 5,638 |
Segment Information Schedule Of Segment Reporting Information, By Segment 11 | 7,124 |
Segment Information Schedule Of Segment Reporting Information, By Segment 12 | 12,762 |
Segment Information Schedule Of Segment Reporting Information, By Segment 13 | 187 |
Segment Information Schedule Of Segment Reporting Information, By Segment 14 | 78,791 |
Segment Information Schedule Of Segment Reporting Information, By Segment 15 | 78,978 |
Segment Information Schedule Of Segment Reporting Information, By Segment 16 | 286 |
Segment Information Schedule Of Segment Reporting Information, By Segment 17 | 108,023 |
Segment Information Schedule Of Segment Reporting Information, By Segment 18 | 108,309 |
Segment Information Schedule Of Segment Reporting Information, By Segment 19 | 0 |
Segment Information Schedule Of Segment Reporting Information, By Segment 20 | 120,460 |
Segment Information Schedule Of Segment Reporting Information, By Segment 21 | 120,460 |
Segment Information Schedule Of Segment Reporting Information, By Segment 22 | 0 |
Segment Information Schedule Of Segment Reporting Information, By Segment 23 | 127,393 |
Segment Information Schedule Of Segment Reporting Information, By Segment 24 | 127,393 |
Segment Information Schedule Of Segment Reporting Information, By Segment 25 | 0 |
Segment Information Schedule Of Segment Reporting Information, By Segment 26 | 3,148,740 |
Segment Information Schedule Of Segment Reporting Information, By Segment 27 | 3,148,740 |
Segment Information Schedule Of Segment Reporting Information, By Segment 28 | 0 |
Segment Information Schedule Of Segment Reporting Information, By Segment 29 | 3,148,740 |
Segment Information Schedule Of Segment Reporting Information, By Segment 30 | 3,148,740 |
Segment Information Schedule Of Segment Reporting Information, By Segment 31 | 77,116 |
Segment Information Schedule Of Segment Reporting Information, By Segment 32 | 4,533,230 |
Segment Information Schedule Of Segment Reporting Information, By Segment 33 | 4,610,346 |
Segment Information Schedule Of Segment Reporting Information, By Segment 34 | 179,927 |
Segment Information Schedule Of Segment Reporting Information, By Segment 35 | 4,650,386 |
Segment Information Schedule Of Segment Reporting Information, By Segment 36 | $ 4,830,313 |