Note 3. Related Party Transactions

12 Months Ended

May 31, 2013

Notes

Note 3. Related Party Transactions

Note 3. RELATED PARTY TRANSACTIONS

During the year ended May 31, 2013, the Company issued 1,100,000 shares of Company stock valued at $416,000 and awarded 1,500,000 options exercisable at $0.36 a share valued at $495,000, to its directors.

The Company also issued 50,000 shares to the Company president at the time of the transaction in conjunction with the acquisition of a mining claim.

The president of AIVN de Mexico owns the land where AIVN de Mexico has its mining camp.  The Company paid $9,800 during the year in rent.

During the period January 25, 2012 (date of formation of Placer) to May 31, 2012, the Company issued 100,000,000 shares to its primary shareholder as consideration for mining claims contributed to the Company. The Company also purchased the Golden Eagle #2 site (702.3 acres) from the Company’s former President for consideration of 2,000,000 shares of common stock, and $101,000 in cash and a note payable, for a total consideration of $601,000. The Company also issued 27,100,000 shares to certain of our officers and directors who also were the founders of Placer Gold Prospecting Inc. One the Company's directors paid cash ($120,000) for 6,000,000 shares of Company stock.