XML 27 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statement of Cash Flows (USD $)
3 Months Ended64 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Aug. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES   
Net loss for the period$ (1,081,130)$ (306,021)$ (1,621,814)
Adjustments to reconcile net loss to net cash used in operating activities   
- contributed administrative expense00300
- due under Goldfields option0300,0000
- issuance of shares under consulting agreement1,000,00001,012,500
- accretion of interest on convertible notes2,542012,843
Changes in:   
- prepaid expenses(4,475)100(5,575)
- due to a related party003,225
- accounts payable and accrued liabilities(9,718)(2,348)1,153
NET CASH USED IN OPERATING ACTIVITIES(92,781)(8,269)(597,368)
CASH FLOWS FROM FINANCING ACTIVITIES   
Proceeds from issuance of common stock200,0000319,000
Loan from non-related party5,00005,000
Repayment of notes payable00(21,091)
Proceeds from issuance of promissory note payable0061,091
Proceeds from convertible notes00355,500
NET CASH PROVIDED BY FINANCING ACTIVITIES205,0000719,500
NET INCREASE (DECREASE) IN CASH112,219(8,269)122,132
CASH, BEGINNING OF PERIOD9,9138,9260
CASH, END OF PERIOD122,132657122,132
Supplemental cash flow information: cash paid for   
Interest on promissory and convertible notes2522522,896
Non-cash investing and financing activities   
Common stock issued to convert notes payable$ 350,000$ 0$ 350,000