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5. SUBSEQENT EVENT
9 Months Ended
Feb. 28, 2013
Subsequent Events [Text Block]
5. SUBSEQUENT EVENT

On March 6, 2013, the Corporation borrowed $1,600,000 Canadian Dollars from a private Ontario Corporation. The Convertible Debenture bears an annual interest of 12%, payable monthly in arrears. The Principal amount is required to be paid in full within 5 years, but the Corporation can elect to make a full repayment earlier as long as the debenture holder is notified in writing and the debenture holder does not exercise its conversion right within 30 days after receiving the notice. The principal amount, plus any unpaid interest, is convertible into the Corporation common shares at $0.10 per share at anytime for a period of 5 years at the option of the debenture holder.