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Common Stock
12 Months Ended
May 31, 2022
Equity [Abstract]  
Common Stock [Text Block]

6. Common Stock

Stock transactions during the year ended May 31, 2022:

(a) On July 26, 2021, the Company issued 1,850,000 shares of common stock at a price of Cdn$0.05 per share pursuant to a private placement for cash proceeds of $75,295 (Cdn$92,500), of which $40,953 (Cdn$50,000) was received during the year ended May 31, 2021.

(b) On July 26, 2021, the Company issued 150,000 shares of common stock at a price of $0.0375 per share pursuant to a private placement for cash proceeds of $5,625, of which $3,750 was received during the year ended May 31, 2021.

(c) On November 30, 2021, the Company issued 1,500,000 shares of common stock at a price of Cdn$0.05 per share pursuant to a private placement for cash proceeds of $59,110 (Cdn$75,000).

(d) On November 30, 2021, the Company issued 500,000 shares of common stock at a price of $0.00375 per share pursuant to a private placement for cash proceeds of $18,750.

(e) On February 28, 2022, the Company issued 28,500,000 shares of common stock with a fair value of $2,850,000 to acquire the Frog Property. Refer to Note 5(b).

(f) On March 10, 2022, The Company issued 3,500,000 shares of common stock pursuant to a private placement for cash proceeds of $138,055 (Cdn$175,000).

(g) On March 10, 2022, the Company issued 9,683,000 shares of common stock with a fair value of $774,640 to settle accounts payable of $379,147 (Cdn$459,150), resulting in a loss on settlement of $395,493.

(h) On July 27, 2022, the Company completed a 20:1 reverse stock split and the common stock amounts have been retrospectively restated to show the effect of the reverse split.

Stock transactions during the year ended May 31, 2021:

(a) On September 25, 2020, the Company issued 225,000 shares of common stock pursuant to a private placement for cash proceeds of $9,736 (Cdn$13,500) received during the year ended May 31, 2020.

(b) On September 25, 2020, the Company issued 25,000 shares of common stock with a fair value of $1,000 to settle $1,085 (Cdn$1,500) in debt, resulting in a gain on settlement of $85 recognized during the year ended May 31, 2020.

(c) During the year ended May 31, 2021, the Company received cash proceeds of $40,953 (Cdn$50,000) for 1,000,000 shares of common stock to be issued subsequent to year end. The common stock was issued on July 26, 2021 (Note 6(a)).

(d) During the year ended May 31, 2021, the Company received cash proceeds of $3,750 for 100,000 shares of common stock to be issued subsequent to year end. The common stock was issued on July 26, 2021 (Note 6(b).

At May 31, 2022 and 2021, the Company had no dilutive shares, or common stock equivalents.