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CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS
Feb. 29, 2016
CAD
May. 31, 2015
CAD
Current assets    
Cash and cash equivalents CAD 1,901,917 CAD 5,159,962
Accounts receivable (note 5(c)) 492,094 26,015
Prepaid expenses 227,059 248,679
Total current assets 2,621,070 5,434,656
Property and equipment (note 4) 85,000 96,703
Capitalized acquisition costs (note 5) 4,236,299 4,866,634
Total assets 6,942,369 10,397,993
Current liabilities    
Accounts payable and accrued liabilities (note 8) 100,719 419,228
Promissory note payable (note 6) 0 298,488
Total current liabilities 100,719 717,716
Asset retirement obligations (note 5) 144,241 132,579
Total liabilities 244,960 850,295
Shareholders' equity    
Share capital (note 7) 66,254,738 64,256,889
Contributed surplus (note 7) 11,886,636 11,247,286
Accumulated other comprehensive income - cumulative translation differences 1,346,991 853,349
Deficit accumulated during the exploration stage (72,790,956) (66,809,826)
Total shareholders' equity 6,697,409 9,547,698
Total liabilities and shareholders' equity CAD 6,942,369 CAD 10,397,993