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8. Warrants
3 Months Ended
Aug. 31, 2015
Notes  
8. Warrants

8. WARRANTS

 

There were 2,715,000 warrants outstanding at August 31, 2015, as presented below:.

 

 

 

 

 

 

 

Number of Warrants

 

Exercise Price

 

Weighted Life (in Years)

 

 

 

 

 

2,715,000(A)

 

$.125   

 

2.96

 

 

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