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2. Background
6 Months Ended
Nov. 30, 2013
Notes  
2. Background

2.  BACKGROUND

 

On March 23, 2012, the Company entered into a share exchange agreement with Placer Gold Prospecting, Inc. (“PGPI”), a Company that was formed on January 25, 2012. This share exchange agreement has been treated as a reverse recapitalization, under which the legal acquiree (Placer) is treated as the accounting acquirer and the equity accounts of the Company are adjusted to reflect a reorganization.  Inasmuch as Placer is treated as the accounting acquiror, whenever historical financial information is presented, it will be Placer information.