NOTE 8 - CAPITAL STOCK

6 Months Ended

Nov. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 – CAPITAL STOCK

The company is authorized to issue 500,000,000 shares of common stock (par value $0.00001) of which 152,046,210 were issued and outstanding as of November 30, 2014.

In the last quarter the Company issued 7,875,023 shares of common stock. 

A total of 2,236,788 shares of common stock were issued to Capex Investments Limited, in consideration of conversion of a debt of $268,414, all of which were restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act.

A total of 388,235 shares of common stock were issued to Seismic Holdings, in consideration of consulting fees of $69,882, all of which were restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act.

A total of 250,000 shares of common stock were issued to Mr. Kevin Jordan, in consideration of consulting fees of $45,000, all of which were restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act.

A total of 3,000,000 shares of common stock were issued to DT Crystal, in consideration of consulting fees of $540,000, all of which were restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act.

A total of 2,000,000 shares of common stock were issued to Viper Enterprises, in consideration of consulting fees of $200,000, all of which were restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act.

The shares were issued pursuant to the exemption contained in Reg. S of the Securities Act of 1933, as amended (the "Act"), or pursuant to the exemption from registration contained in Section 4(a)(1) of the Act.