Note 14. Supplemental Disclosures of Cash Flows Information	12 Months Ended
May 31, 2016
Notes
Note 14. Supplemental Disclosures of Cash Flows Information	Note 14. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION The Company made cash payments for interest of $5,842 and $30,707 during the years ended May 31, 2016 and 2015. The Company did not make cash payments for income taxes during either of those years. The following non-cash financing and investing activities took place during the year ended May 31, 2016. The Company issued 4,100,000 shares of common stock for services during the year ended May 31, 2016. These shares were valued at $61,500. The following non-cash financing and investing activities took place during the year ended May 31, 2015. 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 brought to 6,500,000 the number of shares of the buyer that then were owned by the Company. Subsequently, 120,000 of these shares were used to compensate for a fee. On February 28, 2015, the Company sold the mining claim known as the Turner Ranch. Consideration for the sale was cancellation of a $252,000 note owed to the buyer. The Company realized a $48,000 loss on the sale. Seven demand notes due to the wife of the Company president (totaling $60,000), and a $25,000 promissory note due to a director were replaced by convertible notes due May 31, 2016. These new notes bear interest at 16% per annum. The $60,000 note is convertible at $.10 per share; the $25,000 note is convertible at $.05 per share. Options were issued July 15, 2014 to compensate for services to the Company. These options numbered 1,500,000, with an exercise price of $.07 per share, and were valued at $90,000. Three convertible notes totaling $45,000, plus $8,995 of related accrued interest, were converted to 1,079,901 shares of common stock. The Company issued 5,850,000 shares of common stock and 1,500,000 options to acquire common stock in return for services; these securities were valued at $247,300.

Note 14. Supplemental Disclosures of Cash Flows Information

12 Months Ended

May 31, 2016

Note 14. Supplemental Disclosures of Cash Flows Information

Note 14. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

The Company made cash payments for interest of $5,842 and $30,707 during the years ended May 31, 2016 and 2015. The Company did not make cash payments for income taxes during either of those years.

The following non-cash financing and investing activities took place during the year ended May 31, 2016.

The Company issued 4,100,000 shares of common stock for services during the year ended May 31, 2016. These shares were valued at $61,500.

The following non-cash financing and investing activities took place during the year ended May 31, 2015.

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 brought to 6,500,000 the number of shares of the buyer that then were owned by the Company. Subsequently, 120,000 of these shares were used to compensate for a fee.

On February 28, 2015, the Company sold the mining claim known as the Turner Ranch. Consideration for the sale was cancellation of a $252,000 note owed to the buyer. The Company realized a $48,000 loss on the sale.

Seven demand notes due to the wife of the Company president (totaling $60,000), and a $25,000 promissory note due to a director were replaced by convertible notes due May 31, 2016. These new notes bear interest at 16% per annum. The $60,000 note is convertible at $.10 per share; the $25,000 note is convertible at $.05 per share.

Options were issued July 15, 2014 to compensate for services to the Company. These options numbered 1,500,000, with an exercise price of $.07 per share, and were valued at $90,000.

Three convertible notes totaling $45,000, plus $8,995 of related accrued interest, were converted to 1,079,901 shares of common stock.

The Company issued 5,850,000 shares of common stock and 1,500,000 options to acquire common stock in return for services; these securities were valued at $247,300.