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3. Going Concern and Liquidity
12 Months Ended
May. 31, 2015
Notes  
3. Going Concern and Liquidity

Note 4. GOING CONCERN AND LIQUIDITY

 

As shown in the accompanying financial statements, the Company has experienced losses since its formation totaling $6,435,968, and presently does not have sufficient resources to meet its outstanding liabilities or accomplish its objectives during the next twelve months. This lack of liquidity raises substantial doubt about the ability of the Company to continue as a going concern.  Management's current plans to overcome this problem, the realization of which cannot be assured, include development of the Company's Mexican mining claims and securing financing to support these development plans.