WARRANTS (Tables)

6 Months Ended

Nov. 30, 2015

Schedule of Share Purchase Warrants, Activity [Table Text Block]

		Weighted
		Average
	Number of	Exercise Price
	Warrants	$

Balance, May 31, 2014	–	–

Issued	150,000	0.50

Balance, May 31, 2015 and November 30, 2015	150,000	0.50

Schedule of Purchase Warrants Outstanding [Table Text Block]

	Exercise
	Price		Weighted Average
Number of Warrants	$	Expiry Date	Remaining Life (years)

50,000	0.50	September 17, 2017	1.80
100,000	0.50	September 18, 2017	1.80

150,000			1.80

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

Science to Consumers, Inc. 10-Q