Related Party Transactions

9 Months Ended

Feb. 28, 2022

Related Party Transactions [Abstract]

Related Party Transactions [Text Block]

3.     Related Party Transactions

(a)  During the nine months ended February 28, 2022, the Company incurred consulting fees of $11,866 (2021 - $23,249) to a company controlled by the Chief Financial Officer ("CFO") of the Company. As at February 28, 2022, the Company owes $71,699 (May 31, 2021 - $57,292) to a company controlled by the CFO, which is non-interest bearing, unsecured and due on demand.

(b) As at February 28, 2022, the Company owes $31,658 (May 31, 2021 - $31,536) to a former Director of the Company, which is non-interest bearing, unsecured and due on demand. This amount has been included in accounts payable.

(c) During the nine months ended February 28, 2022, the Company incurred consulting fees of $19,502 (2021 - $nil) to a director of the Company.

(d)  During the nine months ended February 28, 2022, the Company recorded consulting fees of $86,664 (Cdn$110,000) (2021 -$69,657 (Cdn$90,000)) to a company controlled by the Chief Executive Officer ("CEO") and director of the Company. As at February 28, 2022, the Company owes $154,096 (May 31, 2021 - $114,914) to this company, which is non-interest bearing, unsecured and due on demand (see Note 7(a)). As at February 28, 2022, the Company also owes $2,703 (May 31, 2021 - $3,491) to the CEO for expense reimbursement, which is non-interest bearing, unsecured and due on demand.

(e) On February 28, 2022, the Company acquired a 40% interest in the Frog Property located in Labrador, Canada from 86835 Newfoundland & Labrador Corp., a private company controlled by the CEO and by a director of the Company. Refer to note 4(b).