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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss from continuing operations $ (4,019,849) $ (602,453)
Adjustments to reconcile net loss to net cash provided by (used in) in operating activities:    
Loss on derivatives 36,996 0
Amortization of deferred financing costs 6,668 0
Stock-based compensation 759,688 28,534
Amortization of debt discount 1,197,496 234,552
Loss on debt extinguishment 751,843 0
Changes in operating assets and liabilities:    
Prepaid expenses 10,000 0
Accounts payable and accrued expenses 640,804 286,108
Cash used in continuing operations (616,354) (53,259)
Cash used in discontinued operations (114,752) (392,205)
CASH USED IN OPERATIONS (731,106) (445,464)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan receivable (400,000) 0
Cash used in discontinued operations (920,247) (625,574)
CASH USED FOR INVESTING ACTIVITIES (1,320,247) (625,574)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of deferred financing costs (20,000) 0
Proceeds from issuance of convertible debt 2,135,000 0
Payments on related party convertible debt (50,000) 0
Proceeds from issuance of related party debt 0 50,000
Payments on related party debt 0 (12,500)
Proceeds from sale of common stock 70,000  
Cash provided by continuing operations 2,135,000 37,500
Cash provided by discontinued operations 0 872,684
CASH PROVIDED BY FINANCING ACTIVITIES 2,135,000 910,184
EFFECT OF EXCHANGE RATES ON CASH (25,001) 97,586
NET CHANGE IN CASH 58,646 (63,268)
CASH AT END OF PERIOD 275,958 1,706
Cash paid for:    
Interest 7,612 78,755
Income taxes 0 0
NONCASH INVESTING AND FINANCING ACTIVITIES    
Debt discount due to common stock issued with debt and beneficial conversion feature 849,729 0
Debt discount due to derivative liabilities issued with convertible debt 176,983 0
Conversion of convertible debt to equity 119,845  
Fair value of common stock issued to Sellers of the Mining Company 11,225,000 0
Fair value of warrants issued to Sellers of the Mining Company $ 587,173 $ 0