Note 6 - Related Party Transactions

9 Months Ended

Feb. 28, 2019

RELATED PARTY TRANSACTIONS

The Company entered into the following transactions with related parties:

For the nine months ended Feburary 28,	2019		2018

Consulting fees to CFO	$	107,500	$	101,667
Wages and benefits to CEO and COO		811,701		703,888
Directors fees (included in consulting fees)		101,250		104,250
Stock-based compensation to related parties		668,202		377,128

	$	1,688,653	$	1,286,933

As at

February 28, 2019,

included in accounts payable and accrued liabilities was

$1,427

(

May 31, 2018 -

$15,537

) in expenses owing to companies related to officers and officers of the Company.

These amounts were unsecured, non-interest bearing and had

fixed terms or terms of repayment. Accordingly, fair value could

not

be readily determined.

The Company has also entered into change of control agreements with officers of the Company. In the case of termination, the officers are entitled to an amount equal to a multiple (ranging from

two

times to

three

times) of the sum of the annual base salary or fees then payable to the officer, the aggregate amount of bonus(es) (if any) paid to the officer within the calendar year immediately preceding the Effective Date of Termination, and an amount equal to the vacation pay which would otherwise be payable for the

one

year period next following the Effective Date of Termination.