COMMITMENT AND CONTINGENCIES

9 Months Ended

Feb. 29, 2012

COMMITMENT AND CONTINGENCIES [Abstract]

COMMITMENT AND CONTINGENCIES [Text Block]

NOTE 9 -  COMMITMENT AND CONTINGENCIES

Lawsuit

In accordance with the Mine Purchase Agreement, on December 1, 2011, the Sellers were required to deliver to the Company 6% of the Sellers Shares in the Mining Company.  However the Shares were not delivered.  As a result, on December 26, 2011, the Company filed a lawsuit against the Holders in the United States District Court, Southern District of New York seeking to cancel the 40,000,000 shares issued to the Holders and the 3,400,000 warrants issued to the Holders.  The Company is also seeking monetary damages from the Holders for breach of contract.