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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - CAD
3 Months Ended 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
Expenses        
Administration CAD 1,832 CAD 3,368 CAD 6,457 CAD 9,541
Consulting fees (notes 7 and 8) 193,492 235,627 536,111 609,566
Depreciation 6,831 7,293 19,629 20,697
Exploration expenditures (notes 5 and 7) 405,701 648,083 2,300,159 4,440,272
Insurance 30,918 29,005 93,107 59,819
Investor relations (notes 7 and 8) 206,153 278,180 568,189 733,262
Office and miscellaneous 35,161 38,376 103,847 109,561
Professional fees (notes 7 and 8) 89,826 83,574 254,556 411,616
Regulatory 41,901 62,791 81,886 148,484
Rent 32,128 24,049 86,560 71,871
Travel 11,075 45,387 79,545 107,237
Wages and benefits (notes 7 and 8) 572,979 674,956 1,421,694 1,494,033
Total operating expenses (1,627,997) (2,130,689) (5,551,740) (8,215,959)
Other income (expense)        
Interest income 2,017 5,737 11,685 16,130
Gain on sale of capitalized acquisition costs (notes 5(b) and 5(c)) 66,669 0 92,397 0
Write-off of capitalized acquisition costs (note 5(a)) 0 0 (677,695) 0
Unrealized loss on marketable securities 0 (16,855) 0 (60,305)
Foreign exchange gain (loss) 22,573 (6,517) 144,223 58,839
Total other income (loss) 91,259 (17,635) (429,390) 14,664
Net loss for the period (1,536,738) (2,148,324) (5,981,130) (8,201,295)
Other comprehensive income        
Exchange difference on translating foreign operations 90,414 471,967 493,642 741,272
Comprehensive loss for the period CAD (1,446,324) CAD (1,676,357) CAD (5,487,488) CAD (7,460,023)
Basic and diluted loss per share (in dollars per share) CAD (0.02) CAD (0.03) CAD (0.07) CAD (0.11)
Weighted average number of shares outstanding (in shares) 84,449,248 75,679,518 82,989,413 73,961,563