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Notes and Advances Payable to Related Parties Disclosure: Schedule of Loans and Advances Outstanding to Related Parties (Tables)
12 Months Ended
May 31, 2024
Tables/Schedules  
Schedule of Loans and Advances Outstanding to Related Parties

 

As at May 31, 2024

Principal

Outstanding

Interest Rate

per Annum

 

Accrued

Interest

Total Book

Value

$

79,133

6%

Related party loans payable (1)

$

14,600

$

93,733

 

197,333

10%

Related party loans payable (1)

 

22,424

 

219,757

 

11,000

0%

Advances(2)

 

-

 

11,000

$

287,466

 

 

$

37,024

$

324,490

 

 

 

As at May 31, 2023

Principal

Outstanding

Interest Rate

per Annum

 

Accrued

Interest

Total Book

Value

$

642,049

6%

Related party loans payable (1)

$

63,497

$

705,546

 

127,351

10%

Related party loans payable (1)

 

2,518

 

129,869

 

39,715

0%

Advances(2)

 

-

 

39,715

$

809,115

 

 

$

66,015

$

875,130