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8. Warrants
9 Months Ended
Feb. 28, 2015
Notes  
8. Warrants

8. WARRANTS

 

There were 2,715,000 warrants outstanding at February 28, 2015, as presented below:.

 

 

 

 

 

 

 

Number of Warrants

 

Exercise Price

 

Weighted Life (in Years)

 

 

 

 

 

2,715,000(A)

 

$ .125   

 

2.38

 

 

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