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NON-RELATED PARTY TRANSACTIONS
12 Months Ended
May 31, 2013
NON-RELATED PARTY TRANSACTIONS [Text Block]

NOTE 5 – NON-RELATED PARTY TRANSACTIONS

The convertible debenture that the Corporation undertook in July, 2011, was overpaid by $10,500 and such sum has been carried on our records as a non-related party loan since that date; there are no terms of repayment. In October, 2012, the Corporation entered into a promissory note with a non-related party to loan up to $50,000 to the Corporation, such note bearing interest at a rate of five percent ( 5%) per annum. During the fiscal year ended May 31, 2013, $37,000 under that note had been advanced. The total due to non-related parties at the end of the current fiscal year stood at $47,500.