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8. Supplementary Cash Flow Information
9 Months Ended
Feb. 29, 2016
Notes  
8. Supplementary Cash Flow Information

8. SUPPLEMENTARY CASH FLOW INFORMATION

 

There was no cash paid for interest in the nine-month period ended February 29, 2016 and $25,743 paid in cash in the nine-month period ended February 28, 2015; there was no cash paid for income taxes during either of the nine 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.