The following is a summary of the status of all of the Company's stock warrants as of May 31, 2013:
| Number of Warrants | Weighted-Average Exercise Price | |||||||
| Outstanding at June 1, 2012 | -- | -- | ||||||
| Granted | 350,000 | $ | 1.00 | |||||
| Granted | 500,000 | $ | 0.01 | |||||
| Exercised | -- | $ | 0.00 | |||||
| Cancelled | -- | $ | 0.00 | |||||
| Outstanding at May 31, 2013 | 850,000 | $ | 0.42 | |||||
| Warrants exercisable at May 31, 2013 | 850,000 | $ | 0.42 | |||||
| Warrants exercisable at May 31, 2012 | -- | $ | 0.00 | |||||