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5. Capital Stock (Tables)
3 Months Ended
Aug. 31, 2012
Equity [Abstract]  
Schedule of Warrants Issued

 

A summary of the warrants issued as of August 31, 2012 was as follows:

 

    August 31, 2012  
          Weighted  
          Average  
          Exercise  
    Shares     Price  
Outstanding at November 30, 2011     1,000,000     $ 0.350  
Issued     -       -  
Outstanding at August 31, 2012     1,000,000     $ 0.350  
Exercisable at end of period     1,000,000          

 

A summary of the status of the warrants outstanding as of August 31, 2012 was as follows:

 

      August 31, 2012  
      Weighted     Weighted           Weighted  
      Average     Average           Average  
Number of     Remaining     Exercise     Shares     Exercise  
Warrants     Life     Price     Exerciseable     Price  
                           
  1,000,000       1.83     $ 0.350       1,000,000     $ 0.350  
                                     

 

At August 31, 2012, vested warrants of 1,000,000 had an aggregate intrinsic value of $160,000.