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Note 9. Warrant Liability	12 Months Ended
May 31, 2016
Notes
Note 9. Warrant Liability	Note 9. WARRANT LIABILITY During the year ended May 31, 2013, the Company issued 2,715,000 warrants to an investment banker, which had "full-ratchet anti-dilution protection". In accordance with pronouncements of the FASB, these warrants were initially valued at $1,004,550 and have been classified as a liability. They are periodically revalued by use of a Black Scholes valuation model. Changes in the value are recorded on the statement of operations. During the year ended May 31, 2015, the value was reduced by $108,600. No adjustment was made during the year ended May 31, 2016.

Note 9. Warrant Liability

12 Months Ended

May 31, 2016

Note 9. WARRANT LIABILITY

During the year ended May 31, 2013, the Company issued 2,715,000 warrants to an investment banker, which had "full-ratchet anti-dilution protection". In accordance with pronouncements of the FASB, these warrants were initially valued at $1,004,550 and have been classified as a liability. They are periodically revalued by use of a Black Scholes valuation model. Changes in the value are recorded on the statement of operations. During the year ended May 31, 2015, the value was reduced by $108,600. No adjustment was made during the year ended May 31, 2016.