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Note 3. Related Party Transactions
12 Months Ended
May 31, 2014
Notes  
Note 3. Related Party Transactions

Note 3. RELATED PARTY TRANSACTIONS

 

During the year ended May 31, 2014, the Company issued 1,500,000 shares of Company stock valued at $179,993 to its directors.

 

During the year ended May 31, 2014, the Company borrowed $60,000 from the Company president and his wife (see Note 9), issuing convertible notes in return.  In addition, it received advances of $76,000 from the Company president and one other director; of this amount, $18,000 was repaid during the year.

 

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.