Common Stock

12 Months Ended

May 31, 2016

Common Stock [Text Block]

5.	Common Stock
	Stock transactions during the year ended May 31, 2016:

(a)	On July 2, 2015, the Company issued 3,000,000 shares of common stock with a fair value of $30,000 to settle accounts payable of $30,000.
(b)	On July 13, 2015, the Company issued 4,906,665 shares of common stock pursuant to a private placement at Cdn$0.0075 per share for proceeds of $29,635 (Cdn$36,800).
(c)	On July 13, 2015, the Company issued 1,500,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $12,021 (Cdn$15,000).
(d)	On August 31, 2015, the Company issued 500,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $3,852 (Cdn$5,000).
(e)	On November 2, 2015, the Company issued 1,500,000 shares of common stock with a fair value of $18,000 to settle accounts payable of $15,000, resulting in a loss on settlement of debt of $3,000.
(f)	On November 30, 2015, the Company issued 300,000 shares of common stock with a fair value of $3,000 to settle accounts payable of $3,000.
(g)	On November 30, 2015, the Company issued 3,000,000 shares of common stock pursuant to a private placement at $0.01 per share for proceeds of $30,000.
(h)	On November 30, 2015, the Company issued 7,500,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $57,046 (Cdn$75,000).

(i)	On February 29, 2016, the Company issued 600,000 shares of common stock with a fair value of $2,940 to settle a related party accounts payable of $3,000, resulting in a gain on settlement of debt of $60.
(j)	On April 12, 2016, the Company issued 2,000,000 shares of common stock with a fair value of $10,400 to settle accounts payable of $10,000, resulting in a loss on settlement of debt of $400.
(k)	On April 19, 2016, the Company issued 2,000,000 shares of common stock with a fair value of $16,000 for services to be completed over a four-month period, commencing on the date of issuance. Refer to Note 7.
(l)	On May 26, 2016, the Company issued 300,000 shares of common stock with a fair value of $2,250 to settle accounts payable of $1,500, resulting in a loss on settlement of debt of $750.
(m)	On May 26, 2016, the Company issued 2,000,000 shares of common stock with a fair value of $15,000 to settle a related party accounts payable of $10,000, resulting in a loss on settlement of debt of $5,000.
(n)	On May 31, 2016, the Company issued 10,400,000 shares of common stock pursuant to a private placement at Cdn$0.005 per share for proceeds of $40,136 (Cdn$52,000)
(o)	On May 31, 2016, the Company issued 3,000,000 shares of common stock pursuant to a private placement at $0.005 per share for proceeds of $15,000.

Stock transactions during the year ended May 31, 2015:

(a)	On September 8, 2014, the Company issued 5,000,000 shares of common stock with a fair value of $50,000 to settle related party accounts payable of $50,000.
(b)	On September 29, 2014, the Company issued 1,500,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $13,449 (Cdn$15,000).
(c)	On April 28, 2015, the Company issued 3,500,000 shares of common stock with a fair value of $35,000 to settle related party accounts payable of $35,000.
(d)	On February 28, 2015, the Company received stock subscriptions for 1,000,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $7,998 (Cdn$10,000).
(e)	On April 28, 2015, the Company issued 30,100,000 shares of common stock with a fair value of $301,000 to settle accounts payable of $297,399, resulting in a loss on settlement of debt of $3,601.
(f)	On May 31, 2015, the Company issued 500,000 shares of common stock pursuant to a private placement at $0.01 per share for proceeds of $5,000.
(g)	On May 31, 2015, the Company issued 35,500,995 shares of common stock pursuant to a private placement at Cdn$0.0075 per share for proceeds of $214,097 (Cdn$266,257).
(h)	During the year ended May 31, 2015, the Company received stock subscriptions for 1,500,000 shares of common stock pursuant to a private placement at Cdn$0.01 per share for proceeds of $12,299 (Cdn$15,000).