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Stockholders' Equity
9 Months Ended
Feb. 28, 2018
Equity [Abstract]  
Stockholders' Equity

NOTE 7 – STOCKHOLDERS’ EQUITY

 

COMMON STOCK

 

Issuance of Units

 

On August 22, 2016, we sold a total of 6,000,000 shares of common stock to Stephane Pilon and Pol Bisset for an aggregate of $3,000.  Messrs. Pilon and Brisset also received Class A warrants to purchase an aggregate of 3,000,000 shares of our common stock at an exercise price of $0.05 per share and Class B warrants to purchase an aggregate of 3,000,000 shares of our common stock at an exercise price of $0.10 per share.  Such warrants expire in five years from the date of issuance and are immediately exercisable on a cashless basis.  The entire proceeds have been allocated to common shares.

 

On September 12, 2016, a private investor exercised warrants to purchase 105,000 shares of common stock for cash at an exercise price of $0.15 per share.  The Company received proceeds of $15,750 from this exercise.  The entire proceeds have been allocated to common shares.

 

Issuance of Units for Service

 

On November 8, 2016, the Company issued 150,000 units of the Company’s Common stock in payment for services rendered. The units were valued at a price of $0.10 per unit.

 

During the year ended May 31, 2017, the Company issued 150,000 shares of common stock for services provided to the company.

 

WARRANTS

 

The Company has the following warrants outstanding as of February 28, 2018:

 

Exercise Price  Number  Expiry  Remaining Life
          
$0.05    1,500,000    February 1, 2019    0.93 
$0.05    3,000,000    August 31, 2021    3.51 
$0.10    1,500,000    February 1, 2019    0.93 
$0.10    3,000,000    August 31, 2021    3.51 
$0.15    550,000    June 1, 2019    1.25 
$0.15    125,000    June 30, 2019    1.33 
$0.20    130,000    January 9, 2020    1.86 
$0.25    550,000    June 1, 2020    2.26 
$0.25    125,000    June 30, 2020    2.34 
$0.25    130,000    January 9, 2020    1.86 
$0.25    135,000    February 17, 2020    1.97 
$0.25    140,000    May 6, 2020    2.19 
$0.30    135,000    February 17, 2020    1.97 
$0.30    140,000    May 6, 2020    2.19 
$0.35    65,000    August 7, 2020    2.44 
$0.35    75,000    October 16, 2020    2.63 
$0.35    267,500    November 16, 2020    2.72 
$0.40    65,000    August 7, 2020    2.44 
$0.40    75,000    October 16, 2020    2.63 
$0.40    267,500    November 16, 2020    2.72 
$0.45    75,000    October 16, 2020    2.63 
$0.45    267,500    November 16, 2020    2.72 
      12,317,500