8. Warrants

3 Months Ended

Aug. 31, 2013

Notes

8. Warrants

8. WARRANTS

There were 8,780,000 warrants outstanding at August 31, 2013, as presented below:

Number of Warrants	Exercise Price	Weighted Life (in Years)
4,815,000	$ 1.00	1.33
250,000(A)	$   .25	.75
2,715,000(A)	$ .125	3.96
1,000,000	$   .40	.45

(A)  These warrants were principally issued for services.  They were valued using a Black Scholes valuation model.