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8. Warrants

3 Months Ended

Aug. 31, 2014

8. WARRANTS

There were 7,530,000 warrants outstanding at August 31, 2014, as presented below:.

Number of Warrants		Exercise Price		Weighted Life (in Years)
4,815,000		$ 1.00		.33
2,715,000	(A)	$ .125		2.96

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