Common Stock [Text Block] | 6. Common Stock Authorized 250,000,000 shares of common stock, $0.001 par value Issued and outstanding 76,464,373 shares of common stock as at November 30, 2022 (November 30, 2021 - 36,781,327) During the six months ended November 30, 2022, the Company received $88,953 (Cdn$120,000) for the subscription of 4,800,000 "flow-through" shares of common stock at a price of Cdn$0.025 per share $5,619 (Cdn$7,500) for the subscription of 300,000 shares of common stock at Cdn$0.025 per share, and $5,000 (Cdn$6,765) for the subscription of 250,000 shares of common stock at $0.02 per share. As of the date of these financial statements, the shares have yet to be issued. Stock transactions during the six months ended November 30, 2022: (a) On July 27, 2022, the Company completed a 20:1 reverse stock split and the common stock amounts have been retrospectively restated to show the effect of the reverse split. (b) On August 17, 2022, the Company returned and cancelled 500,000 shares of common stock for no consideration, pursuant to an amendment in a Property Purchase Agreement. The par value of the 500,000 shares of common stock was reclassified to additional paid-in capital. Refer to note 5(b). (c) On November 30, 2022, the Company returned and cancelled 500,000 shares of common stock for no consideration, pursuant to an amendment in a Property Purchase Agreement. The par value of the 500,000 shares of common stock was reclassified to additional paid-in capital. Refer to note 5(b). Stock transactions during the six months ended November 30, 2021: (d) On July 26, 2021, the Company issued 37,000,000 shares of common stock at a price of Cdn$0.0025 per share pursuant to a private placement for cash proceeds of $75,295 (Cdn$92,500), of which $40,953 (Cdn$50,000) was received during the year ended May 31, 2021. (e) On July 26, 2021, the Company issued 3,000,000 shares of common stock at a price of $0.001875 per share pursuant to a private placement for cash proceeds of $5,625, of which $3,750 was received during the year ended May 31, 2021. (f) On November 30, 2021, the Company issued 30,000,000 shares of common stock at a price of Cdn$0.0025 per share pursuant to a private placement for cash proceeds of $59,110 (Cdn$75,000). (g) On November 30, 2021, the Company issued 10,000,000 shares of common stock at a price of $0.001875 per share pursuant to a private placement for cash proceeds of $18,750. At November 30, 2022 and 2021, the Company had no dilutive shares, or common stock equivalents. |