NOTE 3 - RELATED PARTY TRANSACTIONS
Amounts due to related parties, other than notes payable to related parties (Note 4) at May 31, 2026 and 2025:
| May 31, 2026
|
| May 31, 2025
|
Due to the Chief Executive Officer (“CEO”), President and Director
| $
| 250,019
|
| $
| 144,237
|
Due to the Chief Financial Officer (“CFO”)
|
| 11,760
|
|
| 8,778
|
Due to an entity controlled by a director of the Company
|
| 403,542
|
|
| 295,521
|
Due to related parties(1)
| $
| 665,321
|
| $
| 448,536
|
(1)The amounts due to related parties are unsecured, due on demand, and bear no interest.
During the years ended May 31, 2026 and 2025, the Company had the following transactions with related parties:
| May 31, 2026
|
| May 31, 2025
|
Management fees incurred to the CEO, President and director
| $
| 90,000
|
| $
| 90,000
|
Consulting fees incurred to the CFO
|
| 30,000
|
|
| 30,000
|
Consulting fees incurred to an entity controlled by a director of the Company
|
| 108,790
|
|
| 107,488
|
Total transactions with related parties
| $
| 228,790
|
| $
| 227,488
|
|