v3.26.3
Related Party Transactions Disclosure
 3 Months Ended
Aug. 31, 2026
Notes  
Related Party Transactions Disclosure

NOTE 2 - RELATED PARTY TRANSACTIONS

 

Amounts due to related parties, other than advances and notes payable to related parties (Note 3) at August 31, 2026, and at May 31, 2026:

 

August 31, 2026

 

May 31, 2026

Due to the Chief Executive Officer (“CEO”) and President

$

276,733

 

$

250,019

Due to the Chief Financial Officer (“CFO”)

 

6,754

 

 

11,760

Due to an entity controlled by a director of the Company

 

400,587

 

 

403,542

Due to related parties(1)

$

684,074

 

$

665,321

(1)The amounts due to related parties are unsecured, due on demand and bear no interest. 

 

During the three months ended August 31, 2026 and 2025, the Company had the following transactions with related parties:

 

August 31,

2026

 

August 31,

2025

Management fees incurred to the CEO and President

$

22,500

 

$

22,500

Consulting fees incurred to the CFO

 

7,500

 

 

7,500

Consulting fees incurred to an entity controlled by a director of the Company

 

-

 

 

27,330

Total management and consulting fees with related parties

$

30,000

 

$

57,330