Common Stock | 12 Months Ended |
31-May-14 |
Common Stock [Text Block] | 7 | Common Stock | |
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Stock transactions during the year ended May 31, 2014: |
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| (a) | On June 11, 2013, the Company issued 17,500,000 shares of common stock with a fair value of $201,250 to acquire mineral claims. Refer to Note 4. |
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| (b) | On September 5, 2013, the Company issued 15,000,000 shares of common stock at $0.01 per share for proceeds of $150,000. |
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| (c) | On September 17, 2013, the Company increased the authorized share capital from 200,000,000 to 500,000,000 shares of common stock with no change in par value. |
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| (d) | On February 24, 2014, the Company issued 10,000,000 shares of common stock with a fair value of $64,000 to settle accounts payable of $100,000 owing to a company controlled by the brother of the President of the Company. The company recorded the remaining $36,000 as a capital contribution from a related party. |
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Stock transactions during the year ended May 31, 2013: |
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| (a) | On August 23, 2012, the Company issued 6,100,000 shares of common stock with a fair value of $61,000 to settle accounts payable of $61,000. Of this amount, 5,000,000 shares of common stock were issued to settle debt of $50,000 owed to a company controlled by the brother of the President of the Company. |
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| (b) | On October 9, 2012, the Company issued 1,800,000 shares of common stock at $0.01 per share for proceeds of $18,000, which were received as at May 31, 2012. Of this amount, 200,000 shares of common stock for proceeds of $2,000 were issued to the President of the Company. |
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| (c) | On March 8, 2013, the Company issued 12,000,000 shares of common stock with a fair value of $120,000 to settle accounts payable of $120,000 owed to a company controlled by the brother of the President of the Company pursuant to a debt settlement agreement dated September 1, 2012. |
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| (d) | On April 23, 2013, the Company issued 750,000 shares of common stock with a fair value of $9,000 to settle accounts payable of $7,500 pursuant to a debt settlement agreement dated June 1, 2012. The Company recognized a loss on settlement of debt of $1,500. |
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| (e) | On April 23, 2013, the Company issued 600,000 shares of common stock with a fair value of $6,000 to settle accounts payable of $6,000 pursuant to a debt settlement agreement dated August 28, 2012. |
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| (f) | On April 23, 2013, the Company issued 200,000 shares of common stock with a fair value of $2,000 to settle accounts payable of $2,000 pursuant to a debt settlement agreement dated August 31, 2012. |
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| (g) | On April 23, 2013, the Company issued 4,300,000 shares of common stock with a fair value of $43,000 to settle accounts payable of $43,000 pursuant to a debt settlement agreement dated September 1, 2012. |
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| (h) | On April 23, 2013, the Company issued 1,200,000 shares of common stock with a fair value of $10,560 to settle accounts payable of $12,000 pursuant to a debt settlement agreement dated October 1, 2012. The Company recognized a gain on settlement of debt of $1,440. |
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| (i) | On April 23, 2013, the Company issued 1,400,000 shares of common stock with a fair value of $5,460 to settle accounts payable of $14,000 pursuant to a debt settlement agreement dated December 1, 2012. The Company recognized a gain on settlement of debt of $8,540. |
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| (j) | On April 23, 2013, the Company issued 1,000,000 shares of common stock with a fair value of $6,000 to settle $10,000 owing to the President of the Company pursuant to a debt settlement agreement dated January 1, 2013. The Company recognized a gain on settlement of debt of $4,000. |
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| (k) | On April 23, 2013, the Company issued 1,000,000 shares of common stock with a fair value of $6,000 to settle accounts payable of $10,000 pursuant to a debt settlement agreement dated March 1, 2013. The Company recognized a gain on settlement of debt of $4,000. |
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| (l) | On April 23, 2013, the Company issued 7,800,000 shares of common stock at $0.01 per share for proceeds of $78,000. Of this amount, 400,000 shares of common stock for proceeds of $4,000 were issued to the President of the Company. |