SUBSEQUENT EVENTS |
3 Months Ended |
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Aug. 31, 2011 | |
| SUBSEQUENT EVENTS [Text Block] |
12. SUBSEQUENT EVENTS Subsequent to August 31, 2011, the Company raised an additional $100,000 by issuance of convertible debentures due June 30, 2014. |
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
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