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SUBSEQUENT EVENTS
12 Months Ended
May 31, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
14.
SUBSEQUENT EVENTS
 
a)
On June 10, 2016, 200,000 shares were issued on exercise of 200,000 stock options for gross proceeds of $100,000.
 
b)
On June 22, 2016, the Company granted incentive stock options to consultants of the Company to purchase 50,000 common shares in the share capital of the Company. The options are exercisable on or before June 22, 2018 at a price of $1.02 per share. The options will vest as to 33.3% on June 22, 2016, 33.3% on December 22, 2016, and 33.4% on June 22, 2017.
 
c)
On July 15, 2016, the Company closed a non-brokered private placement equity financing and issued 2,550,000 common shares at a price of $1.02 per share for gross proceeds of $2,601,000.