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8. Supplementary Cash Flow Information
6 Months Ended
Nov. 30, 2014
Notes  
8. Supplementary Cash Flow Information

8. SUPPLEMENTARY CASH FLOW INFORMATION

 

There was $19,516 cash paid for interest in the six month period ended November 30, 2014 and $3,150 paid in cash in the six month period ended November 30, 2013; there was no cash paid for income taxes during either of the six month periods.

 

On June 16, 2014, the Company sold its El Tule Canyon mining claim and the remainder of the Gypsy claim for 1,500,000 shares of restricted common stock of the buyer; these shares were valued at $1,500,  which brings to 6,500,000 the number of shares of the buyer that are owned by the Company.