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8. Warrants
9 Months Ended
Feb. 28, 2017
Notes  
8. Warrants

8. WARRANTS

 

There were 2,715,000 warrants outstanding at February 28,, as presented below:

 

 

 

 

 

 

 

Number of Warrants

 

Exercise Price

 

Weighted Life (in Years)

 

 

 

 

 

2,715,000

 

$ .125

 

1.63

 

 

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