Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | 95 Months Ended |
Feb. 28, 2014 | Feb. 28, 2013 | Feb. 28, 2014 |
Operating Activities | ' | ' | ' |
Net loss | ($163,009) | ($280,793) | ($9,179,563) |
Adjustments to reconcile net loss to net cash used in operating activities | ' | ' | ' |
Accretion of convertible debenture discount | 0 | 0 | 31,396 |
Depreciation and amortization | 745 | 1,256 | 4,330 |
Shares issued for mineral property costs | 0 | 0 | 2,323,600 |
Impairment of mineral property costs | 0 | 0 | 2,230,125 |
Impairment of website development costs | 5,500 | 0 | 5,500 |
Stock-based compensation | 0 | 45,833 | 718,953 |
Gain on disposal of property and equipment | 0 | 0 | -7,277 |
Loss from discontinued operations | 0 | 0 | 37,785 |
Bad debt expense | 0 | 0 | 63,344 |
Changes in operating assets and liabilities | ' | ' | ' |
Accounts payable and accrued liabilities | 8,022 | -98,256 | 587,906 |
Advances | 0 | -54,592 | 0 |
Other receivables | 0 | 451 | -2,288 |
Prepaid expenses and other current assets | 0 | 0 | -11,043 |
Due to related parties | 0 | -828 | -202,229 |
Net Cash Used in Operating Activities | -148,742 | -386,929 | -3,399,461 |
Investing Activities | ' | ' | ' |
Acquisition of mineral properties | 0 | 0 | -2,230,125 |
Acquisition of property and equipment | 0 | -1,273 | -89,969 |
Proceeds from disposition of subsidiaries | 0 | 0 | 32,970 |
Proceeds from disposal of property and equipment | 0 | 0 | 24,777 |
Proceeds from disposal of property and equipment in discontinued operations | 0 | 0 | 12,496 |
Website development costs | 0 | -5,500 | -5,500 |
Net Cash Used in Investing Activities | 0 | -6,773 | -2,255,351 |
Financing Activities | ' | ' | ' |
Advances from related parties | 0 | 0 | 196,671 |
Repayments to related parties | 0 | 0 | -59,026 |
Advances to related party receivable | 0 | 0 | -63,344 |
Proceeds from related party receivable | 0 | 0 | 10,000 |
Proceeds from notes payable | 0 | 0 | 61,694 |
Repayment of note payable | 0 | 0 | -73,362 |
Proceeds from loans payable | 0 | 0 | 387,218 |
Repayment of loans payable | 0 | 0 | -25,000 |
Proceeds from the issuance of common stock | 170,000 | 0 | 5,448,352 |
Proceeds from common stock subscription | 0 | 30,000 | 40,350 |
Share issuance costs | 0 | 0 | -207,500 |
Net Cash Provided by Financing Activities | 170,000 | 30,000 | 5,716,053 |
Increase (Decrease) In Cash | 21,258 | -363,702 | 61,241 |
Cash - Beginning of Period | 39,983 | 446,623 | 0 |
Cash - End of Period | 61,241 | 82,921 | 61,241 |
Non-Cash Investing and Financing Activities: | ' | ' | ' |
Convertible debt issued to settle loans payable | 0 | 0 | 350,000 |
Convertible debt issued to settle related party advances | 0 | 0 | 150,000 |
Common stock issued for mineral property acquisitions | 0 | 0 | 2,201,100 |
Common stock issued for finders fee | 0 | 0 | 100,000 |
Common stock issued for prior period accrued services | 0 | 240,625 | 412,625 |
Disposal of property and equipment for debt settlement | 0 | 0 | 16,952 |
Conversion of debt to stock | 0 | 0 | 66,332 |
Issuance of stock for settlement of accrued interest | 0 | 0 | 477,661 |
Supplemental Disclosures: | ' | ' | ' |
Interest paid | 0 | 0 | 21,897 |
Income tax paid | $0 | $0 | $0 |