UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 10-Q
(Mark One)
[X] Quarterly report pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
for the quarterly period ended November 30, 2015.
[ ] Transition report pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934
for the transition period from _________ to _______ .
Commission file number: 000-51775
STERLING GROUP VENTURES,
INC.
(Exact name of registrant as specified in its
charter)
Nevada |
72-1535634 |
(State or other jurisdiction of |
(I.R.S. Employer |
incorporation or organization) |
Identification No.) |
904 - 1455 Howe Street, Vancouver, B.C. Canada V6Z 1C2
(Address of principal executive offices) (Zip Code)
(604) 684-1001
(Registrants telephone number,
including area code)
N/A
(Former name, former address and former
fiscal year, if changes since last report)
Indicate by check mark whether the registrant: (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required
to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
ST (§ 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
Yes [X] No [ ]
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See the definitions of "large accelerated filer,"
"accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.
Large accelerated filer [ ] |
Accelerated filer [ ] |
Non-accelerated filer [ ] |
Smaller reporting company [X] |
Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).
Yes [
] No [X]
Indicate the number of shares outstanding of each of the
issuer's classes of common stock as of January 13, 2016.
Title of each class |
Number of shares |
Common Stock, par value $0.001 per share |
75,730,341 |
1
STERLING GROUP VENTURES, INC.
FORM 10-Q
INDEX
2
PART I. - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
STERLING GROUP VENTURES, INC.
CONDENSED INTERIM
CONSOLIDATED BALANCE SHEETS
November 30, 2015 and May 31, 2015
Stated in U.S. dollars |
|
November 30, 2015 |
|
|
May 31, 2015 |
|
|
|
(Unaudited) |
|
|
(Audited) |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,298,392 |
|
$ |
1,433,109 |
|
GST receivable
|
|
2,723 |
|
|
4,888 |
|
Prepaid expenses and other
receivable |
|
15,452 |
|
|
7,874 |
|
Total current assets |
|
1,316,567 |
|
|
1,445,871 |
|
|
|
|
|
|
|
|
Equipment - Note 4 |
|
88,348 |
|
|
108,309 |
|
Environmental deposit |
|
123,421 |
|
|
127,393 |
|
Mineral Properties |
|
3,148,740 |
|
|
3,148,740 |
|
Total Assets |
$ |
4,677,076 |
|
$ |
4,830,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities
|
|
|
|
|
|
|
Accounts payable and other
accrued liabilities - Note 5 |
$ |
415,617 |
|
$ |
420,973 |
|
|
|
|
|
|
|
|
Deferred income tax liability |
|
732,687 |
|
|
732,687 |
|
Total Liabilities |
|
1,148,304 |
|
|
1,153,660 |
|
|
|
|
|
|
|
|
Stockholders' Equity
|
|
|
|
|
|
|
Common Stock : $0.001 Par
Value Authorized :
500,000,000 Issued and
Outstanding : 75,730,341 (May 31, 2015: 75,730,341) |
|
75,730 |
|
|
75,730 |
|
Additional Paid
In Capital |
|
10,831,422 |
|
|
10,831,422 |
|
Accumulated Other Comprehensive
Loss |
|
(582 |
) |
|
(582 |
) |
Accumulated
deficit |
|
(7,377,798 |
) |
|
(7,229,917 |
) |
Total Stockholders' Equity |
|
3,528,772 |
|
|
3,676,653 |
|
|
|
|
|
|
|
|
Total Liabilities and Stockholders'
Equity |
$ |
4,677,076 |
|
$ |
4,830,313 |
|
See accompanying notes to consolidated financial statements
3
STERLING GROUP VENTURES, INC.
CONDENSED INTERIM
CONSOLIDATED STATEMENTS OF OPERATIONS
For the three months and six
months ended November 30, 2015 and 2014
(Unaudited)
|
|
Three months ended November 30,
|
|
|
Six months ended November 30,
|
|
Stated in U.S. dollars |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Accounting, audit, legal and
professional fees |
$ |
12,441 |
|
$ |
14,627 |
|
$ |
45,526 |
|
$ |
52,018 |
|
Bank charges |
|
63 |
|
|
143 |
|
|
227 |
|
|
368 |
|
Consulting fees - Notes 5 |
|
5,042 |
|
|
5,862 |
|
|
10,078 |
|
|
11,911 |
|
Depreciation - Note 4
|
|
7,451 |
|
|
11,368 |
|
|
17,576 |
|
|
22,650 |
|
Filing fees and transfer agent |
|
3,688 |
|
|
2,382 |
|
|
6,166 |
|
|
7,068 |
|
General and
administrative |
|
618 |
|
|
33 |
|
|
1,289 |
|
|
542 |
|
Mineral property costs - Note 3 |
|
35,140 |
|
|
41,042 |
|
|
60,234 |
|
|
75,627 |
|
Shareholder information
and investor relations |
|
1,875 |
|
|
2,160 |
|
|
2,625 |
|
|
4,309 |
|
|
|
(66,318 |
) |
|
(77,617 |
) |
|
(143,721 |
) |
|
(174,493 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other items |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
3,514 |
|
|
5,698 |
|
|
7,437 |
|
|
10,741 |
|
Foreign exchange gain(loss) |
|
(1,109 |
) |
|
11,411 |
|
|
(11,597 |
) |
|
24,650 |
|
|
|
2,405 |
|
|
17,109 |
|
|
(4,160 |
) |
|
35,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss and Comprehensive
loss for the period |
$ |
(63,913 |
) |
$ |
(60,508 |
) |
$ |
(147,881 |
) |
$ |
(139,102 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per
share |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of
shares outstanding |
|
75,730,341 |
|
|
75,730,341 |
|
|
75,730,341 |
|
|
75,730,341 |
|
See accompanying notes to consolidated financial statements
4
STERLING GROUP VENTURES, INC.
CONDENSED INTERIM
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
For the six
months ended November 30, 2015 and year ended May 31,
2015
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deficit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Stock |
|
|
Additional |
|
|
Other |
|
|
During The |
|
|
|
|
|
|
Common |
|
|
Amount At |
|
|
Paid In |
|
|
Comprehensive |
|
|
Exploration |
|
|
|
|
Stated in U.S. dollars |
|
Shares |
|
|
Par Value |
|
|
Capital |
|
|
Loss |
|
|
Stage |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, May 31, 2014 |
|
75,730,341 |
|
$ |
75,730 |
|
$ |
10,724,416
|
|
$ |
(582 |
)
|
$ |
(6,859,585 |
)
|
$ |
3,939,979
|
|
Revaluation of share purchase warrants |
|
- |
|
|
- |
|
|
107,006 |
|
|
- |
|
|
- |
|
|
107,006 |
|
Net loss for the year |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(370,332 |
) |
|
(370,332 |
) |
Balance, May 31, 2015 |
|
75,730,341 |
|
|
75,730 |
|
|
10,831,422 |
|
|
(582 |
) |
|
(7,229,917 |
) |
$ |
3,676,653 |
|
Net loss for the period |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(147,881 |
) |
|
(147,881 |
) |
Balance, November 30, 2015 |
|
75,730,341 |
|
$ |
75,730 |
|
$ |
10,831,422 |
|
$ |
(582 |
) |
$ |
(7,377,798 |
) |
$ |
3,528,772 |
|
See accompanying notes to consolidated financial statements
5
STERLING GROUP VENTURES, INC.
CONDENSED INTERIM
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the six months ended
November 30, 2015 and 2014
(Unaudited)
|
|
Six months ended November 30,
|
|
Stated in U.S. dollars |
|
2015 |
|
|
2014 |
|
Cash flows from operating
activities |
|
|
|
|
|
|
Net loss for the period |
$ |
(147,881 |
) |
$ |
(139,102 |
) |
Adjustments
to reconcile net loss to net cash used in operating activities |
|
|
|
|
|
|
Depreciation |
|
17,576 |
|
|
22,650 |
|
Foreign exchange
|
|
7,202 |
|
|
(4,847 |
)
|
|
|
|
|
|
|
|
Changes in non-cash working
capital items |
|
|
|
|
|
|
GST receivable |
|
2,165 |
|
|
2,985 |
|
Prepaid expenses
and other receivable |
|
(7,842 |
)
|
|
(10,489 |
)
|
Accounts payable and accrued
liabilities |
|
10,292 |
|
|
(472 |
) |
Net cash used in operating
activities |
|
(118,488 |
) |
|
(129,275 |
) |
|
|
|
|
|
|
|
Cash flows from investing
activities |
|
|
|
|
|
|
Additions to equipment |
|
(745 |
) |
|
(397 |
) |
Net cash used in investing
activities |
|
(745 |
) |
|
(397 |
) |
|
|
|
|
|
|
|
Cash flows from financing
activities |
|
|
|
|
|
|
Amounts (repaid to) a director
|
|
(15,484 |
) |
|
(9,003 |
) |
Net cash used in financing
activities |
|
(15,484 |
) |
|
(9,003 |
) |
|
|
|
|
|
|
|
Net decrease in cash and
cash equivalents |
|
(134,717 |
)
|
|
(138,675 |
)
|
Cash and cash equivalents - beginning of
period |
|
1,433,109 |
|
|
1,673,448 |
|
Cash and cash equivalents
- end of period |
$ |
1,298,392 |
|
$ |
1,534,773 |
|
|
|
|
|
|
|
|
Supplemental
Information : |
|
|
|
|
|
|
Cash paid for : |
|
|
|
|
|
|
Interest |
$ |
- |
|
$ |
- |
|
Income taxes |
$ |
- |
|
$ |
- |
|
See accompanying notes to consolidated financial statements
6
Sterling Group Ventures, Inc.
Notes to the Condensed
Consolidated Financial Statements
November 30, 2015 (Unaudited)
(Stated
in US Dollars)
Note 1 |
Nature of Operations and Ability to Continue
as a Going Concern |
Sterling Group Ventures, Inc. was
incorporated in the State of Nevada on September 13, 2001 and its fiscal
year-end is May 31. On January 20, 2004, the Company acquired all of the issued
and outstanding shares of Micro Express Ltd. (Micro), which was incorporated
on July 27, 1994. The business combination was accounted for as a reverse
acquisition whereby the purchase method of accounting was used with Micro being
the accounting acquirer and the Company being the accounting subsidiary.
Sterling Group Ventures, Inc. (the
Company) is in the exploration stage. The Company has entered into joint
venture agreements to explore and develop mineral properties located in China
and has not yet determined whether these properties contain reserves that are
economically recoverable. The recoverability of amounts from these properties
will be dependent upon the discovery of economically recoverable reserves, the
ability of the Company to obtain necessary financing to satisfy the expenditure
requirements under the joint venture agreements and to complete the development
of the properties and upon future profitable production or proceeds from the
sale thereof.
These consolidated financial
statements have been prepared in accordance with generally accepted accounting
principles applicable to a going concern, which assumes that the Company will be
able to meet its obligations and continue its operations for its next fiscal
year. Realization values may be substantially different from carrying values as
shown as these financial statements do not give effect to adjustments that would
be necessary to the carrying values and classification of assets and liabilities
should the Company be unable to continue as a going concern. The Company
incurred a net loss of $147,881 during the period ended November 30, 2015 and,
as at that date, had a cumulative loss of $7,377,798 since its inception and
expects to incur further losses in the development of its business, all of which
casts substantial doubt about the Companys ability to continue as a going
concern. The Companys ability to continue as a going concern is dependent upon
its ability to generate future profitable operations and/or to obtain the
necessary financing to meet its obligations and repay its liabilities arising
from normal business operations when they come due. Management has no formal
plan in place to address this concern but considers that the Company will be
able to obtain additional funds by equity financing and/or related party
advances; however there is no assurance of additional funding being available.
The information presented in the
accompanying condensed interim consolidated financial statements is without
audit pursuant to the rules and regulations of the SEC. Certain information and
footnote disclosures normally included in the condensed interim consolidated
financial statements prepared in accordance with generally accepted accounting
principles have been condensed or omitted pursuant to such rules and
regulations, although we believe that the disclosures are adequate to make the
information presented not misleading.
These statements reflect all
adjustments, which are, in the opinion of management, necessary to present
fairly the financial position, results of operations and cash flows for the
interim periods presented in accordance with accounting principles generally
accepted in the United States of America. Except where noted, the condensed
interim consolidated financial statements follow the same accounting policies
and methods of their application as our May 31, 2015 annual consolidated
financial statements. All adjustments are of a normal recurring nature. It is
suggested that these condensed interim consolidated financial statements be read
in conjunction with our May 31, 2015 annual consolidated financial
statements.
Operating results for the six months
ended November 30, 2015 are not necessarily indicative of the results that can
be expected for the year ending May 31, 2016.
These consolidated financial
statements include the accounts of the Company and its wholly-owned
subsidiaries, Micro Express Holdings Inc., Micro Express Ltd., Huyana Ventures
Limited, Makaelo Holdings Inc., Makaelo Limited, Silver Castle Investments
Limited (Silver Castle) and its 100% controlled subsidiary, Chenxi County
Hongyu Mining Co. Ltd. ("Hongyu"). All inter-company transactions and account
balances have been eliminated.
7
Sterling Group Ventures, Inc.
Notes to the Condensed
Consolidated Financial Statements
November 30, 2015 (Unaudited)
(Stated
in US Dollars)
Note 2 |
Recent Accounting Pronouncements
|
In April 2015, the FASB issued ASU
2015-03, InterestImputation of Interest (Subtopic 835-30): Simplifying the
Presentation of Debt Issuance Costs, which changes the presentation of debt
issuance costs in the financial statements. Under the ASU, an entity should
present such costs in the balance sheet as a direct deduction from the related
debt liability rather than as an asset. Amortization of the costs is reported as
interest expense. This new guidance is effective for annual reporting periods
(including interim reporting periods within those periods) beginning after
December 15, 2015; early adoption is allowed for all entities for financial
statements that have not been previously issued. Entities would apply the new
guidance retrospectively to all prior periods. The Company is currently
evaluating the potential impact of adoption of this guidance on its consolidated
financial statements.
In August, 2014, the FASB issued ASU
2014-15, Disclosure of Uncertainties About an Entitys Ability to Continue as a
Going Concern, which provides guidance on determining when and how to disclose
going-concern uncertainties in the financial statements. The new standard
requires management to perform interim and annual assessments of an entitys
ability to continue as a going concern within one year of the date the financial
statements are issued. An entity must provide certain disclosures if conditions
or events raise substantial doubt about the entitys ability to continue as a
going concern. The ASU applies to all entities and is effective for annual
periods ending after December 15, 2016, and interim periods thereafter, with
early adoption permitted.
In June 2014, the FASB issued
Accounting Standard Update (ASU) 2014-12, Accounting for Share-Based Payments
When the Terms of an Award Allow a Performance Target to Be Achieved After the
Requisite Service Period, which requires that a performance target that could
be achieved after the requisite service period be treated as a performance
condition that affects the vesting of the award. The amendments in ASU 2014-12
are effective for annual periods and interim periods within those annual periods
beginning after December 15, 2015. Early adoption is permitted. Entities may
apply the amendments in ASU 2014-12 either: (i) prospectively to all awards
granted or modified after the effective date; or (ii) retrospectively to all
awards with performance targets that are outstanding as of the beginning of the
earliest annual period presented in the financial statements and to all new or
modified awards thereafter. The Company is currently evaluating the potential
impact of the adoption of this guidance on its consolidated financial
statements.
Note 3 |
Mineral Properties |
A summary of mineral property costs
for the cumulative period ended November 30, 2015 and year ended May 31, 2015
were incurred and accounted for in the consolidated statement of operations as
follows:
|
|
Gaoping Phosphate
|
|
Summary of mineral property expenditures |
|
Property |
|
|
|
|
|
Balance, May 31, 2014 |
$ |
921,163
|
|
Administrative |
|
17,682 |
|
Consulting fees |
|
28,307 |
|
Engineering |
|
2,181 |
|
Mining permit |
|
12,925 |
|
Travel & promotion |
|
32,857 |
|
Wages and benefits |
|
59,586 |
|
Balance, May 31, 2015 |
$ |
1,074,701 |
|
Administrative |
|
1,855 |
|
Consulting fees |
|
12,208 |
|
Mining permit |
|
11,098 |
|
Travel & promotion |
|
5,312 |
|
Wages and benefits |
|
29,761 |
|
Balance, November 30, 2015 |
$ |
1,134,935 |
|
8
Sterling Group Ventures, Inc.
Notes to the Condensed
Consolidated Financial Statements
November 30, 2015 (Unaudited)
(Stated
in US Dollars)
|
a) |
Gaoping Phosphate Property |
During the period ended November 30,
2015, the Company incurred mineral property expenditures of $60,234 (November
30, 2014: $75,627). As of November 30, 2015, the Company has incurred total
mineral property costs of $1,134,935 (May 31, 2015: $1,074,701) on this property
which have been expensed to the statement of operations as disclosed in the
table above.
|
|
November 30, 2015 |
|
|
|
|
|
May 31, 2015 |
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
Net Book |
|
|
|
|
|
Accumulated |
|
|
Net Book |
|
|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
Computer equipment |
$ |
14,810 |
|
$ |
13,936 |
|
$ |
874 |
|
$ |
14,126 |
|
$ |
13,809 |
|
$ |
317 |
|
Automobile |
|
58,377 |
|
|
43,470 |
|
|
14,907 |
|
|
60,256 |
|
|
38,801 |
|
|
21,455 |
|
Office equipment |
|
3,478 |
|
|
3,478 |
|
|
- |
|
|
3,590 |
|
|
3,590 |
|
|
- |
|
Machinery |
|
159,492 |
|
|
86,925 |
|
|
72,567 |
|
|
164,625 |
|
|
78,088 |
|
|
86,537 |
|
|
$ |
236,157 |
|
$ |
147,809 |
|
$ |
88,348 |
|
$ |
242,597 |
|
$ |
134,288 |
|
$ |
108,309 |
|
The depreciation for the period ended
November 30, 2015 was $17,576 (2014: $22,650).
Note 5 |
Related Party Transactions
|
The Company was charged consulting
fees for administrative, corporate, financial, engineering, and management
services during the period ended November 30, 2015 totalling $9,091 (2014:
$10,890) by companies controlled by a director of the Company.
Included in accounts payable and
accrued liabilities is $399,666 (May 31, 2015: $415,150) which was due to
companies controlled by the directors for their services provided in previous
years.
a) Capital Stock
There was no share issuance during the
period ended November 30, 2015 and year ended May 31, 2015.
b) Stock Options
There were no stock options granted
during the period ended November 30, 2015 and year ended May 31, 2015.
At November 30, 2015, there were
5,200,000 stock options (May 31, 2015: 5,200,000) outstanding and exercisable
with an exercise price at $0.25 each expiring on February 3, 2019, with an
aggregate intrinsic value of $nil (May 31, 2015: $nil) and a weighted average
remaining contractual term of 3.18 years (May 31, 2015: 3.68 years).
9
Sterling Group Ventures, Inc.
Notes to the Condensed
Consolidated Financial Statements
November 30, 2015 (Unaudited)
(Stated
in US Dollars)
c) Share Purchase Warrants
At November 30, 2015, there were
24,570,000 share purchase warrants (May 31, 2015: 24,570,000) outstanding and
exercisable with weighted average exercise price at $0.204.
Series |
|
Number |
|
|
Price |
|
Expiry Date |
"A" |
|
3,817,500 |
|
|
$0.50 |
|
February 17, 2017 |
"D" |
|
20,752,500 |
|
|
$0.15 |
|
February 17, 2017 |
|
|
24,570,000 |
|
|
|
|
|
Note 7 |
Foreign Currency Risk
|
The Company is exposed to fluctuations
in foreign currencies through amounts held in China in RMB: Cash and cash
equivalents $419,512 (May 31, 2015 - $465,187).
The Company is exposed to fluctuations
in foreign currencies through amounts held in Canada in CAD: Cash $3,863 (May
31, 2015 - $3,076).
The Company is exposed to fluctuations
in foreign currencies through amounts held in Hong Kong in HKD: Cash $114 (May
31, 2015 - $110).
Note 8 |
Segment Information |
The Company operates in Canada and
China, with operations in the mineral resources sector. The Companys assets are
allocated to each country as follows:
|
|
|
|
|
November 30, 2015 |
|
|
|
|
|
May 31, 2015 |
|
|
|
|
|
|
Canada |
|
|
China |
|
|
Total |
|
|
Canada |
|
|
China |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
84,849 |
|
$ |
1,213,543
|
|
$ |
1,298,392
|
|
$ |
174,003 |
|
$ |
1,259,106
|
|
$ |
1,433,109
|
|
Prepaid expense and receivable |
|
8,348 |
|
|
9,827 |
|
|
18,175 |
|
|
5,638 |
|
|
7,124 |
|
|
12,762 |
|
Equipment |
|
220 |
|
|
88,128 |
|
|
88,348 |
|
|
286 |
|
|
108,023 |
|
|
108,309 |
|
Environmental deposit |
|
- |
|
|
123,421 |
|
|
123,421 |
|
|
- |
|
|
127,393 |
|
|
127,393 |
|
Mineral properties |
|
- |
|
|
3,148,740 |
|
|
3,148,740 |
|
|
- |
|
|
3,148,740 |
|
|
3,148,740 |
|
|
$ |
93,417 |
|
$ |
4,583,659 |
|
$ |
4,677,076 |
|
$ |
179,927 |
|
$ |
4,650,386 |
|
$ |
4,830,313 |
|
10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes for the year ended May 31, 2015, the financial statements and related notes in this Quarterly Report for the period ended November 30, 2015, the risk factors in our 10K for the year ended May 31, 2015, and all of the other information contained elsewhere in this report.
As used in this quarterly report, the terms we, us, our,
our company, Company and Sterling refer to Sterling Group Ventures, Inc.
and its subsidiaries, unless otherwise indicated.
Forward-Looking Statements. When used in this Form 10-Q,
the words believe, may, will, plan, estimate, continue,
anticipate, intend, expect, project, estimates, and similar
expressions are intended to identify forward-looking statements. Such statements
are subject to risks and uncertainties, including those set forth below under
"Risks and Uncertainties," that could cause actual results to differ materially
from those projected. These forward-looking statements speak only as of the date
hereof. The Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with regard thereto
or any change in events, conditions or circumstances on which any statement is
based.
Overview
Business of Sterling Group Ventures Inc.
Sterling is a natural resource company engaged in acquisition and exploration of mineral properties. At present, the Company has acquired the Gaoping phosphate Property and is exploring for phosphate concentrate. It continues to seek out other projects to add value to the Company.
Gaoping Phosphate Property
On October 18, 2010, Sterling signed two agreements (the "Agreements") with Chenxi County Hongyu Mining Co. Ltd. ("Hongyu") and its shareholders ("Hongyu Shareholders") regarding the Gaoping phosphate mine (the "GP Property") located in Tanjiachang village, Chenxi County, Hunan Province, China and other phosphate resources in Hunan Province. Hongyu holds a business license and a mining permit in the GP Property which is in effect until November 10, 2014 and covers 42.5 hectares. On April 29, 2015, Hongyu obtained the renewal of the mining permit, which is valid until April 2, 2018.
The Agreements required an investment company to be incorporated in Hong Kong (the "Investment Company") which was to be owned 20% by the Hongyu Shareholders and 80% by Sterling. On October 13, 2010, the Investment Company was incorporated in Hong Kong under the name Silver Castle Investments Ltd. ("Silver Castle"). Silver Castle acquired 90% of Hongyu and the other 10% of Hongyu was transferred to the nominees of Sterling. During the acquisition phase, Sterling ensured that Hongyu's net assets retained a minimum value of RMB 5,000,000 ($771,545). Upon completion of this acquisition, Hongyu became a Hong Kong / China joint venture company. Sterling received all required approvals from Chinese authorities for the completion of its acquisition of Hongyu pursuant to the Agreements dated October 18, 2010. Sterling paid a total RMB 2,000,000 ($310,438) to the Hongyu Shareholders with RMB 200,000 (US$30,934) paid as down payment on December 14, 2010 and the remaining RMB1,800,000 ($279,504) paid on July 8, 2011 for completion of the transaction.
Pursuant to the Agreements, Hongyu agreed to surrender its future exclusive cooperative rights to Sterling, and the Hongyu Shareholders agreed that Sterling shall have all Hongyu's title and interest in any phosphate properties, including but not limited to the GP Property, and Sterling should arrange for the financing of building a mining and processing plant on the GP Property together with other facilities required for a mining operation thereon.
11
When requested by Sterling, the Hongyu Shareholders agreed to sell their 20% interest in the Investment Company to Sterling for the issuance of 10,000,000 common shares of Sterling's capital stock. On July 5, 2011, Sterling issued 10,000,000 shares to the Hongyu Shareholders with the closing market price of the shares at $0.22 for acquiring the remaining 20% equity interest in Silver Castle from the Hongyu Shareholders. As a result of this transaction, Sterling effectively controls 100% of Hongyu through its wholly owned subsidiary, Silver Castle Investments Ltd. which holds 90% of Hongyu with the other 10% held by the nominees of Sterling.
Sterling through its subsidiary company, Silver Castle Investments Ltd., also signed a letter of intent for a larger area known as Tanjiachang Exploration Concession with Chenxi County Merchants Bureau, Hunan Province, China. Tanjiachang Exploration Concession is surrounding the Gaoping Mining permit.
As a mining license was obtained for the Gaoping Phosphate Property and a Chinese engineering report was completed, Hongyu is making progress on this property as follows. On February 13, 2012, Hongyu received approval for installing the power line for the Gaoping Phosphate Property. Hongyu also reached an understanding for land rental with a local village committee on March 17, 2012. Hongyu signed and completed a land rental agreement with each family in the mining area on March 27, 2012. On April 1, 2012, Hongyu also received conditional safety approval from the Supervision and Management Bureau for Safety Operation of Chenxi County and the project is essentially ready to begin production on a small scale basis to be further ramped up as the development and production plan takes effect. On April 22, 2012, Hongyu signed a mining agreement with the mining contractor, Yichang Rongchang Mining Co. Ltd., to be the operator of the mining and production activities on the project. On June 16, 2012, Hongyu completed power line construction. On July 19, 2012, Hongyu received the explosive operation permit. Accommodations for mining people have been built. An onsite office and accommodations for workers and mining management are complete. The water supply for the mining operation and living quarters is connected to the site. The road to the mining site has been completed. Three adits have been dug and they will be used to access the phosphorite along its strike length.
On March 10, 2013, Hongyu signed a profit sharing agreement with Yichang Baolin Mining Engineering Co. Ltd ("Baolin") for mining and processing phosphate rock from the Project. Baolin has a processing plant using a scrubbing processing which can process up to 100,000 t/a. However, Baolin has also built a new simple washing processing plant near Gaoping property to reduce the transportation cost. Hongyu has also signed an agreement with the Yichang Yinuo Biotech Co. Ltd ("Yinuo") to jointly produce and market bio-phosphate fertilizer. Yinuo has its own microbial inoculants and its fertilizer market brand is Mingxinglinde which is an organic biofertilizer. The aforementioned progress is presented as an interim measure to gauge the ease and efficiency of the mining process together with the efficacy of the contractual arrangements made to produce and market the phosphate rock.
As a substantial decrease of phosphate rock and phosphate fertilizer market pricing has occurred, Hongyu has halted further exploration and development since August 2013 until the world market prices rebound and has kept the property in care and maintenance mode. Such an action preserves the phosphate rock in situ and saves operating capital while world prices for phosphate rock are in a depressed state. The Company's capital contributions to the project were held to a minimum by its contracting the mining and washing functions to Yichang Baolin Mining Engineering Co. Ltd.
The Company has continued the services of several key employees in China to review other mining properties and opportunities. In pursuit of one such opportunity, Hongyu has obtained a registration code from Customs of People's Republic of China for the import and export business which may afford the Company the opportunity to act as an agent or distributor for the importation and exportation of fertilizer products. Hongyu is also continuously reviewing and looking other opportunities in mining.
As of November 30, 2015, the Gaoping mineral property is still an exploration stage property as it does not yet have proven reserves.
The Company will monitor the production and marketing with the goal of increasing production and sales over time in a measured and economically viable manner. Currently due to the downturn in world market prices for phosphate rock and concentrate, the Company has decided to curtail the stockpiling of phosphate rock until world prices and world sales increase. Such an action preserves the phosphate rock in situ and saves operating capital while world prices of phosphate rock are in a depressed state.
12
Application of Critical Accounting Policies and Use of Estimates
Our condensed interim consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires that we make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ significantly from these estimates under different assumptions or conditions. There have been no material changes to these estimates for the periods presented in this quarterly report.
We believe that of our significant accounting policies, which are described in Note 2 to our annual financial statements, the following accounting policies involve a greater degree of judgment and complexity. Accordingly, the following policies are the most critical to aid in fully understanding and evaluating our financial condition and results of operations.
Basis of Presentation
These consolidated financial statements include the accounts of our Company and our wholly-owned subsidiaries, Micro Express Holdings Inc., Micro Express Ltd., Huyana Ventures Limited, Makaelo Holdings Inc., Makaelo Limited, Silver Castle Investments Limited ("Silver Castle") and our 100% controlled subsidiary, Chenxi County Hongyu Mining Co. Ltd. ("Hongyu"). All inter-company transactions and account balances have been eliminated.
Interim Reporting
The information presented in the accompanying condensed interim consolidated financial statements is without audit pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in the condensed interim consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures are adequate to make the information presented not misleading.
These statements reflect all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. Except where noted, the condensed interim consolidated financial statements follow the same accounting policies and methods of their application as our May 31, 2015 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these condensed interim consolidated financial statements be read in conjunction with our May 31, 2015 annual consolidated financial statements.
Operating results for the six months ended November 30, 2015 are not necessarily indicative of the results that can be expected for the year ending May 31, 2016.
Mineral Property Costs
Costs of acquiring mineral properties are capitalized by the project area. Costs to maintain mineral rights and leases are expensed as incurred. When a property reaches the production state, the related capitalized costs are amortized using the unit of production method on the basis of annual estimates of ore reserves. The Company does not consider a resource property to be at the development stage until such time as either mineral reserve are proven or permits to operate the mineral resource property are received and financing to complete the development has been obtained. Development expenditures incurred subsequent to a development decision, and to increase or to extend the life of existing production, are capitalized and amortized on the unit of production method based upon estimated proven and probable reserves or resources.
Management reviews the carrying value of mineral properties at least annually and will recognize impairment in value based upon current exploration results, and any impairment or subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations. Mineral property exploration costs are expensed as incurred. Exploration activities conducted jointly with others are reflected at the Company's proportionate interest in such activities. As of November 30, 2015, the Company did not have proven or probable ore reserves.
13
Stock-based Compensation
In accordance with ASC Topic 718-10 compensation expenses are amortized on a straight-line basis over the requisite service period which approximates the vesting period rather than as a reduction of taxes paid. The Company has elected to use the Black-Scholes option pricing model to determine the fair value of options and the extension of the expiry date of share purchase warrants previously granted.
Foreign Currency Translation
Our functional and reporting currency is U.S. dollars. Our consolidated financial statements are translated to U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. We have not, to the date of these condensed interim consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Use of Estimates
The preparation of condensed interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed interim consolidated financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates.
Going Concern
These condensed interim consolidated financial statements have been prepared on a going concern basis which assumes that adequate sources of financing will be obtained as required and that our assets will be realized and liabilities settled in the ordinary course of business. These condensed interim consolidated financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary if we are unable to continue as a going concern.
In order to continue as a going concern, we require additional financing. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to continue as a going concern, we would likely be unable to realize the carrying value of our assets reflected in the balances set out in the preparation of the condensed interim consolidated financial statements.
At November 30, 2015, the Company had not yet achieved profitable operations and has accumulated losses of $7,377,798 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available
Results Of Operations
The Company had no operating revenue except interest income of $3,514 for the quarter ended November 30, 2015 compared with interest income of $5,698 for the quarter ended November 30, 2014. The Company had no operating revenue except interest income of $7,437 for the six months ended November 30, 2015 compared with interest income of $10,741 for the six months ended November 30, 2014. The operating loss for the quarter ended November 30, 2015 increased to $63,913, as compared to $60,508 for the quarter ended November 30, 2014. The operating loss for the six months ended November 30, 2015 increased to $147,881, as compared to $139,102 for the six months ended November 30, 2014.
Accounting, audit, legal and professional fees decreased by $2,186 for the quarter ended November 30, 2015 when compared to the same quarter in 2014, and accounting, audit, legal and professional fees decreased by $6,492 for the six months ended November 30, 2015 when compared to the same period in 2014.
14
Depreciation decreased by $3,917 for the quarter ended November 30, 2015 when compared to the same quarter in 2014, and Depreciation decreased by $5,074 for the six months ended November 30, 2015 when compared to the same period in 2014.
Foreign exchange loss increased by $12,520 for the quarter ended November 30, 2015 when compared to the same quarter in 2014, while Foreign exchange loss increased by $36,247 for the six months ended November 30, 2015 when compared to the same period in 2014 because of the exchange rate fluctuation among US dollar, Canadian dollar and RMB.
Mineral property costs decreased by $5,902 for the quarter ended November 30, 2015 when compared to the same quarter in 2014, and Mineral property costs decreased by $15,393 for the six months ended November 30, 2015 when compared to the same period in 2014 because the Gaoping phosphate property was kept in care and maintenance mode during the period ended November 30, 2015 due to ongoing challenges in the phosphate market.
The Company expects the trend of losses to continue until we can achieve commercial production at the Gaoping phosphate project, of which there can be no assurance as described in Risk Factors.
Liquidity And Working Capital
As of November 30, 2015, the Company had total current assets of $1,316,567 and total current liabilities of $415,617. As of November 30, 2015, the Company had cash totaling $1,298,392, and a working capital surplus of $900,950.
Cash used in operating activities for the six months ended November 30, 2015 was $118,488 as compared to cash used in operating activities for the six months ended November 30, 2014 was $129,275.
The Company has no other capital resources other than the ability to use its common stock to raise additional capital or the exercise of the warrants by the unit holders. If all warrants outstanding are exercised, the Company will receive approximately $5 million in cash. The Company's current cash can meet its short term needs. The cash will be mainly used for mining property exploration and development, general administrative, corporate (accounting, audit, and legal), financing and management.
No other commitments to provide additional funds have been made by management or other stockholders except as set forth above. Accordingly, there can be no assurance that any additional funds will be available to the Company to allow it to cover operation expenses. This raises substantial doubt that the Company will be able to continue as a going concern. In order to continue as a going concern, we require additional financing.
Off-Balance Sheet Arrangements
The Company does not have any off-balance sheet arrangements.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
In addition to the U.S. Dollar, we conduct our business in Chinese Yuan (RMB) and Canadian Dollar and, therefore, are subject to foreign currency exchange risk on cash flows related to expenses and investing transactions. In July 2005, the Chinese government began to permit the Chinese Yuan to float against the U.S. Dollar. All of our costs to operate our Chinese project are paid in Chinese Yuan and all of our costs to operate our principal executive office in Canada are paid in Canadian dollar. Our mining costs in China may be incurred under contracts denominated in Chinese Yuan or U.S. Dollars. If the Chinese Yuan continues to appreciate with respect to the U.S. Dollar, our costs in China may increase. If the Canadian Dollar continues to depreciate with respect to the U.S. Dollar, our costs in Canada may decrease. To date we have not engaged in hedging activities to hedge our foreign currency exposure. In the future, we may enter into hedging instruments to manage our foreign currency exchange risk or continue to be subject to exchange rate risk.
The majority of the Company's assets, liabilities, revenues and expenses are denominated in Chinese RMB. The appreciation of the RMB against the U.S. dollar would result in an increase in the assets, liabilities, revenues and expenses of the Company and a foreign exchange gain included in comprehensive loss. Conversely, the devaluation of the RMB against the U.S. dollar would result in a decrease in the assets, liabilities, revenues and expenses of the Company and a foreign exchange loss included in comprehensive loss.
Although inflation has not materially impacted our operations in the recent past, increased inflation in China or Canada could have a negative impact on our operating and general and administrative expenses, as these costs could increase. China has recently experienced inflationary pressures, which could increase our costs associated with our operations in China. If there are material changes in our costs, we may seek to raise additional funds earlier than anticipated.
15
ITEM 4. CONTROLS AND PROCEDURES
a. Evaluation of Disclosure Controls and Procedures:
We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) of the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. Based upon that evaluation, our chief executive officer and chief financial officer concluded that as of November 30, 2015, our disclosure controls and procedures were effective as of the end of the period covered by this report.
b. Changes in Internal Control over Financial Reporting:
There were no changes in our internal control over financial reporting that occurred during the quarter ended November 30, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II. - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 1A. RISK FACTORS
We have sought to identify what we believe to be the most significant risks to our business. However, we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to our Common Stock. We provide the following cautionary discussion of risks, uncertainties and possible inaccurate assumptions relevant to our business. These are factors that we think could cause our actual results to differ materially from expected results. Other factors besides those listed here could adversely affect us.
Factors That May Affect Future Results and Market Price of Stock
The business of the Company involves a number of risks and uncertainties that could cause actual results to differ materially from results projected in any forward-looking statement, or statements, made in this report. These risks and uncertainties include, but are not necessarily limited to the risks set forth below. The Company's securities are speculative and investment in the Company's securities involves a high degree of risk and the possibility that the investor will suffer the loss of the entire amount invested.
There is Substantial Doubt About the Company's Ability to Continue as a Going Concern
Sterling is engaged in acquisition, exploration and development of mineral properties. The Company has acquired the Gaoping phosphate properties located in Chenxi County, Hunan Province, China. The Company has not yet achieved profitable operations and is dependent on its ability to raise capital from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due. These factors raise substantial doubt that the Company will be able to continue as a going concern.
Lack of Technical Training of Management
The Management of our Company has academic and scientific experience related to mining issues but lacks technical training and experience exploring for, commissioning and operating a mine. With no direct training or experience in these areas, management may not be fully aware of many of the specific requirements related to working within this industry. The decisions and choices may not take into account standard engineering or managerial approaches mineral exploration companies commonly use. Consequently, operations, earnings and the ultimate financial success of the Company could suffer irreparable harm due to management's lack of experience in this industry. The Company has hired an experienced mining engineer.
16
Exploration Risk
Development of mineral properties is contingent upon obtaining satisfactory exploration results. Mineral exploration and development involves substantial expenses and a high degree of risk, which even a combination of experience, knowledge and careful evaluation may not be able to adequately mitigate.
The Gaoping property has been examined in the field by professional geologists/mining engineers. The Company received the National Instrument 43-101 report (Canadian Standard) entitled "Property Evaluation Report" (PER). The production decision announced was based on Chinese Technical Reports and the PER and not based on a Preliminary Economic Assessment (PEA) or mining study (a Prefeasibility or Feasibility Study) of mineral reserves demonstrating economic and technical viability. Resources that are not reserves do not have demonstrated economic viability. There is an increased risk of technical and economic failure because the development decision was based on inferred resources, without a preliminary economic analysis or mining study as defined by NI 43-101. Professional geologists also made an exploration proposal for the Tanjiachang Exploration Concession which is surrounding the Gaoping property which is under letter of intent with Chenxi County Merchants Bureau, Hunan Province, China. There is no assurance that the exploration license for the Tanjiachang Exploration Concession will be issued. There is no assurance that commercial quantities of ore will be discovered on the Tanjiachang Exploration Concession. There is also no assurance that, even if commercial quantities of ore are discovered, the Tanjiachang Exploration Concession will be brought into commercial production. Since 2012, the Central Government made its move to change the mining laws to provincial jurisdiction. The new application process was held. Previously issued licenses are being honored.
The discovery of mineral deposits is dependent upon a number of factors not the least of which is the technical skill of the exploration personnel involved. The commercial viability of a mineral deposit, once discovered, is also dependent upon a number of factors, some of which are the particular attributes of the deposit, such as size, grade and proximity to infrastructure, metal prices and government regulations, including regulations relating to royalties, allowable production, importing and exporting of minerals, and environmental protection. In addition, assuming discovery of a commercial ore body and depending upon the type of mining operation involved, several years can elapse from the initial phase of drilling until commercial operations are commenced. Most of the above factors are beyond the control of the Company.
The properties may need exploration and such exploration processes shall be conducted in phases. When each phase of a particular project is completed, and upon analysis of the results thereto, the Company will make a decision on whether to proceed with each successive phase of the exploration program. There is no assurance that projects will be carried to completion.
Limited Management Resource Development
Experience
The Company does not have a track record of exploration and mining operation history. The Company's management has limited experience in mineral resource development and exploitation, and has relied on and may continue to rely upon consultants and others for development and operation expertise. The Company hired an experienced mining engineer.
Limited Financial Resources
Furthermore, the Company has limited financial resources with no assurance that sufficient funding will be available to it for future exploration and development or to fulfill its obligations under current agreements. There is no assurance that the Company will be able to obtain adequate financing in the future or that the terms of such financing will be favorable. Failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development of its projects.
Limited Public Market, Possible Volatility of Share Price
The Company's Common Stock is currently quoted on the OTCQB marketplace under the ticker symbol SGGV. As of November 30, 2015, there were 75,730,341 shares of common stock outstanding. There can be no assurance that a trading market will be sustained in the future.
Dependence on Executive Officers and Technical Personnel
The success of our business plan depends on attracting qualified personnel, and failure to retain the necessary personnel could adversely affect our business. Competition for qualified personnel is intense, and we may need to pay premium wages to attract and retain personnel. Attracting and retaining qualified personnel is critical to our business. Inability to attract and retain the qualified personnel necessary would limit our ability to implement our business plan successfully.
17
Need for Additional Financing
The Company believes it has sufficient capital to meet its short-term cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934. However, if losses continue, it may have to seek loans or equity placements to cover longer-term cash needs to continue operations and expansion.
No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any additional funds will be available to the Company to allow it to cover operation expenses.
If future operations are unprofitable, it will be forced to develop another line of business, or to finance its operations through the sale of assets it has, or enter into the sale of stock for additional capital, none of which may be feasible when needed. The Company has no specific management ability or financial resources or plans to enter any other business as of this date.
Dilution to the Existing Shareholders
The Company has no other capital resources other than the ability to use its common stock to raise additional capital or the exercise of the warrants by the unit holders, which will significantly dilute the Company's stockholders.
Market Risk and Political Risks
The Company does not hold any derivatives or other investments that are subject to market risk. The carrying values of any financial instruments, approximate fair value as of those dates because of the relatively short-term maturity of these instruments, which eliminates any potential market risk associated with such instruments.
The market in China is monitored by the government, which could impose taxes or restrictions at any time which would make operations unprofitable and infeasible and cause a write-off of investment in the mineral properties. Other factors include political policy on foreign ownership, political policy to open the doors to foreign investors, and political policy on mineral claims and metal prices.
The Hongyu's phosphate deposit is located in China which, as a result of its operations, exposes the Company to political and market risks in China. Exports of phosphate rock are currently subject to an export tax due to domestic phosphate requirements.
Other Risks and Uncertainties
The business of mineral deposit exploration and development involves a high degree of risk. Few properties that are explored are ultimately developed into production. Other risks facing the Company include competition, reliance on third parties and joint-venture partners, environmental and insurance risks, political and environmental instability, statutory and regulatory requirements, fluctuations in mineral prices and foreign currency, share price volatility, title risks, and uncertainty of additional financing.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. MINE SAFETY DISCLOSURES
None
18
ITEM 5. OTHER INFORMATION
On November 25, 2015, the Company signed a letter of intent with Hubei Yaozhihe Chemicals Co. Ltd. ("Hubei Yaozhihe") to form a joint venture company, whose structure has to be negotiated, for conducting and operating the phosphate properties and chemical plants under Hubei Yaozhihe Chemicals Co. Ltd. The letter of intent provides the Company with exclusivity until April 1, 2016 and includes 50% interest of their QiaoGou property, of which the other 50% was recently sold to Xingfa Group for RMB 301,719,400. Hubei Yaozhihe holds 5 mining permits and 4 exploration permits and, according them, produced approximately 1.9 million tons of phosphate rock in 2014. The Company is now performing the necessary due diligence work.
ITEM 6. EXHIBITS
Exhibits required to be attached by Item 601 of Regulation S-K
are listed in the Index to Exhibits beginning on page 20 of this Quarterly
Report on Form 10-Q, which is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
|
Sterling Group Ventures Inc. |
|
|
|
|
|
/s/
Christopher Tsakok |
|
Christopher Tsakok, Chairman and Chief Executive
Officer |
Date: January 13, 2016 |
|
|
|
|
/s/
Richard Shao |
|
Richard Shao, President and Chief Financial Officer |
Date: January 13, 2016 |
|
19
INDEX OF EXHIBITS
Exhibit |
|
Number |
Description |
|
|
3.1 |
Articles of Incorporation
of the Company, (filed as Exhibit 3.1 to the Company's Registration Statement
on Form SB-2 filed on July 26, 2002, and incorporated herein by reference).
|
3.2 |
Bylaws of the Company (filed
as Exhibit 3.2 to the Company's Registration Statement on Form SB-2 filed
on July 26, 2002, and incorporated herein by reference). |
4.1 |
Specimen stock
certificate (filed as Exhibit 4.1 to the Company's Registration Statement
on Form SB-2 filed on July 26, 2002, and incorporated herein by reference).
|
10.1 |
Acquisition Agreement between
the Company and Micro Express Ltd., dated January 20, 2004. (Filed as
Exhibit 10.1 to the Company's current report on Form 8-K filed on January
29, 2004, and incorporated herein by reference). |
10.2 |
Joint Venture
Contract between Micro Express Ltd. .(the Companys wholly subsidiary)
and Sichuan Province Mining Ltd., dated April 5, 2005 (Filed as Exhibit
10.1 to the Company's current report on Form 8-K filed on April 11, 2005,
and incorporated herein by reference). |
10.3 |
Agreement for Development of
DXC Salt Lake Property between Micro Express Holdings Inc. .(the Companys
wholly subsidiary) and Beijing Mianping Salt Lake Research Institute,
dated September 16, 2005 (Filed as Exhibit 10.1 to the Company's current
report on Form 8-K filed on September 21, 2005, and incorporated herein
by reference). |
10.4 |
Agreement for
Termination of Joint Venture between Micro Express Ltd. and Sichuan Province
Mining Ltd., dated March 3, 2006 (Filed as Exhibit 10.1 to the Company's
current report on Form 8- K filed on March 6, 2006, and incorporated herein
by reference). |
10.5 |
Agreement between the Company,
Zhong Chuan International Mining Holding Co., Ltd. , and shareholders
of Monte Sea Holdings Ltd., dated July 8, 2008 (Filed as Exhibit 10.1
to the Company's current report on Form 8-K filed on July 15, 2008, and
incorporated herein by reference). |
10.6 |
Agreement between the Company, Hongyu Mining Co., Ltd. , and shareholders of Hongyu Mining Co., Ltd., dated October 18, 2010 (Filed as Exhibit 10.1 to the Company's current report on Form 8-K filed on October 21, 2010, and incorporated herein by reference). |
10.7 |
Letter of Intent between the Company and Shimen County Merchants Bureau, dated November 10, 2010 (Filed as Exhibit 10.1 to the Company's current report on Form 8-K filed on November 16, 2010, and incorporated herein by reference). |
10.8 |
Agreement for Termination of Joint Venture between the Company, Micro Express Holdings Inc. and Beijing Mianping Salt Lake Research Institute, dated October 31, 2011 (Filed as Exhibit 10.1 to the Company's current report on Form 8-K filed on November 3, 2011, and incorporated herein by reference). |
14.1 |
Code of Ethics. ( Filed as Exhibit 14.1 to the Company's Annual report on Form 10-K filed on August 28, 2009, and incorporated herein by reference) |
31.1 |
Certification
of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act
of 2002. Filed herewith. |
31.2 |
Certification
of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act
of 2002. Filed herewith. |
32.1 |
Certification
of Chief Executive Officer Pursuant to 18 U.S.C. Sec. 1350 as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
|
32.2 |
Certification
of Chief Financial Officer Pursuant to 18 U.S.C. Sec. 1350 as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
|
99.1 |
Audit Committee Charter. (Filed as Exhibit 99.1 to the Company's Annual report on Form 10-K filed on August 28, 2009, and incorporated herein by reference) |
101.INS |
XBRL Instance Document. Furnished herewith. |
101.SCH |
XBRL Taxonomy Extension Schema Document. Furnished herewith. |
101.CAL |
XBRL Taxonomy Extension Calculation Linkbase Document. Furnished herewith. |
101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. Furnished herewith. |
101.LAB |
XBRL Taxonomy Extension Label Linkbase Document. Furnished herewith. |
101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. Furnished herewith. |
20
Exhibit 31.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Christopher Tsakok, certify that:
1. |
I have reviewed this Quarterly Report on Form 10-Q of
Sterling Group Ventures, Inc.; |
|
|
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
|
|
|
3. |
Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
|
4. |
The registrant 's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
|
|
|
|
a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
|
|
|
|
b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
|
|
|
|
c) |
Evaluated the effectiveness of the registrant 's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
|
|
|
|
d) |
Disclosed in this report any change in the registrant 's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant 's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant 's internal control over financial reporting; and |
|
|
|
5. |
The registrant 's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant 's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
|
|
|
|
a) |
All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and |
|
|
|
|
b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. |
|
By: |
/s/ Christopher Tsakok |
|
|
Christopher Tsakok |
|
|
Chairman & CEO (Principal Executive Officer)
|
|
|
|
|
|
Date: January 13, 2016
|
Exhibit 31.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Richard (Xuxin) Shao, certify that:
1. |
I have reviewed this Quarterly Report on Form 10-Q of
Sterling Group Ventures, Inc.; |
|
|
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
|
|
|
3. |
Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
|
4. |
The registrant 's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
|
|
|
|
a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
|
|
|
|
b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
|
|
|
|
c) |
Evaluated the effectiveness of the registrant 's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
|
|
|
|
d) |
Disclosed in this report any change in the registrant 's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant 's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant 's internal control over financial reporting; and |
|
|
|
5. |
The registrant 's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant 's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
|
|
|
|
a) |
All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and |
|
|
|
|
b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. |
|
By: |
/s/ Richard (Xuxin) Shao |
|
|
Richard (Xuxin) Shao |
|
|
President & CFO
|
|
|
|
|
|
Date: January 13, 2016
|
EXHIBIT 32.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT
TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Sterling Group Ventures, Inc. (the "Company") on Form 10-Q for the quarter ended November 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the " Report"), I, Christopher Tsakok, as Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge, that:
1. |
the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
|
|
2. |
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
|
By: |
/s/ Christopher Tsakok |
|
|
Christopher Tsakok |
|
|
Chairman & CEO (Principal Executive Officer)
|
|
|
|
|
|
Date: January 13, 2016
|
EXHIBIT 32.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT
TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Sterling Group Ventures, Inc. (the "Company") on Form 10-Q for the quarter ended November 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the " Report"), I, Richard (Xuxin) Shao, as Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge, that:
1. |
the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
|
|
2. |
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
|
By: |
/s/ Richard (Xuxin) Shao |
|
|
Richard (Xuxin) Shao |
|
|
President & CFO
|
|
|
|
|
|
Date: January 13, 2016
|
v3.3.1.900
X |
- DefinitionIf the value is true, then the document is an amendment to previously-filed/accepted document.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
+ References
+ Details
Name: |
dei_EntityVoluntaryFilers |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.
+ References
+ Details
Name: |
dei_EntityWellKnownSeasonedIssuer |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
|
Nov. 30, 2015 |
May. 31, 2015 |
Current Assets |
|
|
Cash and cash equivalents |
$ 1,298,392
|
$ 1,433,109
|
GST receivable |
2,723
|
4,888
|
Prepaid expenses and other receivable |
15,452
|
7,874
|
Total current assets |
1,316,567
|
1,445,871
|
Equipment |
88,348
|
108,309
|
Environmental deposit |
123,421
|
127,393
|
Mineral Properties |
3,148,740
|
3,148,740
|
Total Assets |
4,677,076
|
4,830,313
|
Current Liabilities |
|
|
Accounts payable and other accrued liabilities |
415,617
|
420,973
|
Deferred income tax liability |
732,687
|
732,687
|
Total Liabilities |
1,148,304
|
1,153,660
|
Stockholders' Equity |
|
|
Common Stock : $0.001 Par Value Authorized : 500,000,000 Issued and Outstanding : 75,730,341 (May 31, 2015: 75,730,341) |
75,730
|
75,730
|
Additional Paid In Capital |
10,831,422
|
10,831,422
|
Accumulated Other Comprehensive Loss |
(582)
|
(582)
|
Accumulated deficit |
(7,377,798)
|
(7,229,917)
|
Total Stockholders' Equity |
3,528,772
|
3,676,653
|
Total Liabilities and Stockholders' Equity |
$ 4,677,076
|
$ 4,830,313
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAccumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionExcess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.30(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.9) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6801-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DepositsAssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19-26) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.32) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 25 -Article 7
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral properties, net of adjustments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -Section 25 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56951519&loc=d3e64895-109465
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details
Name: |
us-gaap_MineralPropertiesNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6787-107765
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 340 -SubTopic 10 -Section 05 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=51662447&loc=d3e5879-108316
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Assets -URI http://asc.fasb.org/extlink&oid=6509628
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph a -Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 7
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe cumulative amount of the reporting entity's undistributed earnings or deficit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31(a)(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCarrying amount as of the balance sheet date of value added taxes due either from customers arising from sales on credit terms, or as previously overpaid to tax authorities. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.8) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_ValueAddedTaxReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.3.1.900
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
|
Nov. 30, 2015 |
May. 31, 2015 |
Common Stock, Par Value Per Share |
$ 0.001
|
$ 0.001
|
Common Stock, Shares Authorized |
500,000,000
|
500,000,000
|
Common Stock, Shares, Issued |
75,730,341
|
75,730,341
|
Common Stock, Shares, Outstanding |
75,730,341
|
75,730,341
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.3.1.900
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
|
3 Months Ended |
6 Months Ended |
Nov. 30, 2015 |
Nov. 30, 2014 |
Nov. 30, 2015 |
Nov. 30, 2014 |
Expenses |
|
|
|
|
Accounting, audit, legal and professional fees |
$ 12,441
|
$ 14,627
|
$ 45,526
|
$ 52,018
|
Bank charges |
63
|
143
|
227
|
368
|
Consulting fees |
5,042
|
5,862
|
10,078
|
11,911
|
Depreciation |
7,451
|
11,368
|
17,576
|
22,650
|
Filing fees and transfer agent |
3,688
|
2,382
|
6,166
|
7,068
|
General and administrative |
618
|
33
|
1,289
|
542
|
Mineral property costs |
35,140
|
41,042
|
60,234
|
75,627
|
Shareholder information and investor relations |
1,875
|
2,160
|
2,625
|
4,309
|
Total Operating Expenses |
(66,318)
|
(77,617)
|
(143,721)
|
(174,493)
|
Other items |
|
|
|
|
Interest income |
3,514
|
5,698
|
7,437
|
10,741
|
Foreign exchange gain(loss) |
(1,109)
|
11,411
|
(11,597)
|
24,650
|
Total Nonoperating (Expense), Total |
2,405
|
17,109
|
(4,160)
|
35,391
|
Net loss and Comprehensive loss for the period |
$ (63,913)
|
$ (60,508)
|
$ (147,881)
|
$ (139,102)
|
Basic and diluted loss per share |
$ 0.00
|
$ 0.00
|
$ 0.00
|
$ 0.00
|
Weighted average number of shares outstanding |
75,730,341
|
75,730,341
|
75,730,341
|
75,730,341
|
X |
- DefinitionFiling fees and transfer agent
+ References
+ Details
Name: |
sggv_FilingFeesAndTransferAgent |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_DepreciationAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
+ Details
Name: |
us-gaap_EarningsPerShareBasicAndDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionExploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.
+ References
+ Details
Name: |
us-gaap_ExplorationExpenseMining |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate costs incurred during the reporting period related to financial services rendered by an entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_FinancialServicesCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30700-110894
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30690-110894
+ Details
Name: |
us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate costs related to general contracting services.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_GeneralContractorCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_InvestmentIncomeInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe total expense recognized in the period for promotion, public relations, and brand or product advertising.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_MarketingAndAdvertisingExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07.2(a),(b),(c),(d)) -URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section 45 -Paragraph 3 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=6488370&loc=d3e13550-115849
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1505-109256
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
|
Common Stock [Member] |
Additional Paid In Capital [Member] |
Accumulated Other Comprehensive Income (Loss) [Member] |
Deficit Accumulated During the Exploration Stage [Member] |
Total |
Beginning Balance at May. 31, 2014 |
$ 75,730
|
$ 10,724,416
|
$ (582)
|
$ (6,859,585)
|
$ 3,939,979
|
Beginning Balance (Shares) at May. 31, 2014 |
75,730,341
|
|
|
|
|
Revaluation of share purchase warrants |
|
107,006
|
|
|
107,006
|
Net loss for the period |
|
|
|
(370,332)
|
(370,332)
|
Ending Balance at May. 31, 2015 |
$ 75,730
|
10,831,422
|
(582)
|
(7,229,917)
|
3,676,653
|
Ending Balance (Shares) at May. 31, 2015 |
75,730,341
|
|
|
|
|
Net loss for the period |
|
|
|
(147,881)
|
(147,881)
|
Ending Balance at Nov. 30, 2015 |
$ 75,730
|
$ 10,831,422
|
$ (582)
|
$ (7,377,798)
|
$ 3,528,772
|
Ending Balance (Shares) at Nov. 30, 2015 |
75,730,341
|
|
|
|
|
X |
- DefinitionRevaluation of share purchase warrants
+ References
+ Details
Name: |
sggv_RevaluationOfSharePurchaseWarrants |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
+ Details
Name: |
us-gaap_SharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.1.900
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
6 Months Ended |
Nov. 30, 2015 |
Nov. 30, 2014 |
Cash flows from operating activities |
|
|
Net loss for the period |
$ (147,881)
|
$ (139,102)
|
Adjustments to reconcile net loss to net cash used in operating activities |
|
|
Depreciation |
17,576
|
22,650
|
Foreign exchange |
7,202
|
(4,847)
|
Changes in non-cash working capital items |
|
|
GST receivable |
2,165
|
2,985
|
Prepaid expenses and other receivable |
(7,842)
|
(10,489)
|
Accounts payable and accrued liabilities |
10,292
|
(472)
|
Net cash used in operating activities |
(118,488)
|
(129,275)
|
Cash flows from investing activities |
|
|
Additions to equipment |
(745)
|
(397)
|
Net cash used in investing activities |
(745)
|
(397)
|
Cash flows from financing activities |
|
|
Amounts (repaid to) a director |
(15,484)
|
(9,003)
|
Net cash used in financing activities |
(15,484)
|
(9,003)
|
Net decrease in cash and cash equivalents |
(134,717)
|
(138,675)
|
Cash and cash equivalents - beginning of period |
1,433,109
|
1,673,448
|
Cash and cash equivalents - end of period |
1,298,392
|
1,534,773
|
Cash paid for : |
|
|
Interest |
0
|
0
|
Income taxes |
$ 0
|
$ 0
|
X |
- DefinitionAmounts (repaid to) a director
+ References
+ Details
Name: |
sggv_AmountsContributedByRepaidToDirector |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 230 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_DepreciationAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30690-110894
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30700-110894
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895
+ Details
Name: |
us-gaap_ForeignCurrencyTransactionGainLossUnrealized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of cash paid for interest during the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_InterestPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for acquisition of machinery and equipment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133
+ Details
Name: |
us-gaap_PaymentsToAcquireMachineryAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.3.1.900
Nature of Operations and Ability to Continue as a Going Concern
|
6 Months Ended |
Nov. 30, 2015 |
Nature of Operations and Ability to Continue as a Going Concern [Text Block] |
Note 1 |
Nature of Operations and Ability to Continue as a Going Concern
|
Sterling Group Ventures, Inc. was incorporated in the State of Nevada on September 13, 2001 and its fiscal year-end is May 31. On January 20, 2004, the Company acquired all of the issued and outstanding shares of Micro Express Ltd. (“Micro”), which was incorporated on July 27, 1994. The business combination was accounted for as a reverse acquisition whereby the purchase method of accounting was used with Micro being the accounting acquirer and the Company being the accounting subsidiary.
Sterling Group Ventures, Inc. (the “Company”) is in the exploration stage. The Company has entered into joint venture agreements to explore and develop mineral properties located in China and has not yet determined whether these properties contain reserves that are economically recoverable. The recoverability of amounts from these properties will be dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the joint venture agreements and to complete the development of the properties and upon future profitable production or proceeds from the sale thereof.
These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown as these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. The Company incurred a net loss of $147,881
during the period ended November 30, 2015 and, as at that date, had a cumulative loss of $7,377,798
since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available.
The information presented in the accompanying condensed interim consolidated financial statements is without audit pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in the condensed interim consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures are adequate to make the information presented not misleading.
These statements reflect all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. Except where noted, the condensed interim consolidated financial statements follow the same accounting policies and methods of their application as our May 31, 2015 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these condensed interim consolidated financial statements be read in conjunction with our May 31, 2015 annual consolidated financial statements.
Operating results for the six months ended November 30, 2015 are not necessarily indicative of the results that can be expected for the year ending May 31, 2016.
These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Micro Express Holdings Inc., Micro Express Ltd., Huyana Ventures Limited, Makaelo Holdings Inc., Makaelo Limited, Silver Castle Investments Limited (“Silver Castle”) and its
100% controlled subsidiary, Chenxi County Hongyu Mining Co. Ltd. ("Hongyu"). All inter-company transactions and account balances have been eliminated.
|
X |
- DefinitionThe entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35735333&loc=d3e288-107754
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Recent Accounting Pronouncements
|
6 Months Ended |
Nov. 30, 2015 |
Recent Accounting Pronouncements [Text Block] |
Note 2 |
Recent Accounting Pronouncements
|
In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which changes the presentation of debt issuance costs in the financial statements. Under the ASU, an entity should present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This new guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015; early adoption is allowed for all entities for financial statements that have not been previously issued. Entities would apply the new guidance retrospectively to all prior periods. The Company is currently evaluating the potential impact of adoption of this guidance on its consolidated financial statements.
In August, 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about the entity’s ability to continue as a going concern.” The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted.
In June 2014, the FASB issued Accounting Standard Update (ASU) 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Allow a Performance Target to Be Achieved After the Requisite Service Period,” which requires that a performance target that could be achieved after the requisite service period be treated as a performance condition that affects the vesting of the award. The amendments in ASU 2014-12 are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. Entities may apply the amendments in ASU 2014-12 either: (i) prospectively to all awards granted or modified after the effective date; or (ii) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The Company is currently evaluating the potential impact of the adoption of this guidance on its consolidated financial statements.
|
X |
- DefinitionTabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22580-107794
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Direct Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6510796
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Indirect Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6515603
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accounting Change -URI http://asc.fasb.org/extlink&oid=6503790
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22499-107794
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22583-107794
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6507316
Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305
Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Retrospective Application -URI http://asc.fasb.org/extlink&oid=6523989
+ Details
Name: |
us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Mineral Properties
|
6 Months Ended |
Nov. 30, 2015 |
Mineral Properties [Text Block] |
Note 3 |
Mineral Properties
|
A summary of mineral property costs for the cumulative period ended November 30, 2015 and year ended May 31, 2015 were incurred and accounted for in the consolidated statement of operations as follows:
|
|
Gaoping Phosphate
|
|
Summary of mineral property expenditures
|
|
Property
|
|
|
|
|
|
Balance, May 31, 2014 |
$ |
921,163
|
|
Administrative |
|
17,682
|
|
Consulting fees |
|
28,307
|
|
Engineering |
|
2,181
|
|
Mining permit |
|
12,925
|
|
Travel & promotion |
|
32,857
|
|
Wages and benefits |
|
59,586
|
|
Balance, May 31, 2015 |
$ |
1,074,701
|
|
Administrative |
|
1,855
|
|
Consulting fees |
|
12,208
|
|
Mining permit |
|
11,098
|
|
Travel & promotion |
|
5,312
|
|
Wages and benefits |
|
29,761
|
|
Balance, November 30, 2015 |
$ |
1,134,935
|
|
|
|
|
|
a) |
Gaoping Phosphate Property
|
During the period ended November 30, 2015, the Company incurred mineral property expenditures of $60,234
(November 30, 2014: $75,627). As of November 30, 2015, the Company has incurred total mineral property costs of $1,134,935
(May 31, 2015: $1,074,701) on this property which have been expensed to the statement of operations as disclosed in the table above.
|
X |
- DefinitionThe entire disclosure for mineral industries.
+ References
+ Details
Name: |
us-gaap_MineralIndustriesDisclosuresTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Equipment
|
6 Months Ended |
Nov. 30, 2015 |
Equipment [Text Block] |
|
|
November 30, 2015
|
|
|
|
|
|
May 31, 2015
|
|
|
|
|
|
|
|
|
|
Accumulated
|
|
|
Net Book
|
|
|
|
|
|
Accumulated
|
|
|
Net Book
|
|
|
|
Cost
|
|
|
Depreciation
|
|
|
Value
|
|
|
Cost
|
|
|
Depreciation
|
|
|
Value
|
|
Computer equipment |
$ |
14,810
|
|
$ |
13,936
|
|
$ |
874
|
|
$ |
14,126
|
|
$ |
13,809
|
|
$ |
317
|
|
Automobile |
|
58,377
|
|
|
43,470
|
|
|
14,907
|
|
|
60,256
|
|
|
38,801
|
|
|
21,455
|
|
Office equipment |
|
3,478
|
|
|
3,478
|
|
|
-
|
|
|
3,590
|
|
|
3,590
|
|
|
-
|
|
Machinery |
|
159,492
|
|
|
86,925
|
|
|
72,567
|
|
|
164,625
|
|
|
78,088
|
|
|
86,537
|
|
|
$ |
236,157
|
|
$ |
147,809
|
|
$ |
88,348
|
|
$ |
242,597
|
|
$ |
134,288
|
|
$ |
108,309
|
|
The depreciation for the period ended November 30, 2015 was $17,576
(2014: $22,650).
|
X |
- DefinitionThe entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Related Party Transactions
|
6 Months Ended |
Nov. 30, 2015 |
Related Party Transactions [Text Block] |
Note 5 |
Related Party Transactions
|
The Company was charged consulting fees for administrative, corporate, financial, engineering, and management services during the period ended November 30, 2015 totalling $9,091
(2014: $10,890) by companies controlled by a director of the Company.
Included in accounts payable and accrued liabilities is $399,666
(May 31, 2015: $415,150) which was due to companies controlled by the directors for their services provided in previous years.
|
X |
- DefinitionThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A
+ Details
Name: |
us-gaap_RelatedPartyTransactionsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Capital Stock
|
6 Months Ended |
Nov. 30, 2015 |
Capital Stock [Text Block] |
a) Capital Stock
There was no share issuance during the period ended November 30, 2015 and year ended May 31, 2015.
b) Stock Options
There were no stock options granted during the period ended November 30, 2015 and year ended May 31, 2015.
At November 30, 2015, there were
5,200,000
stock options (May 31, 2015:
5,200,000) outstanding and exercisable with an exercise price at $0.25
each expiring on February 3, 2019, with an aggregate intrinsic value of $nil
(May 31, 2015: $nil) and a weighted average remaining contractual term of
3.18
years (May 31, 2015:
3.68
years).
c) Share Purchase Warrants
At November 30, 2015, there were
24,570,000
share purchase warrants (May 31, 2015:
24,570,000) outstanding and exercisable with weighted average exercise price at $0.204.
Series |
|
Number |
|
|
Price |
|
Expiry Date |
"A" |
|
3,817,500
|
|
|
$0.50
|
|
February 17, 2017 |
"D" |
|
20,752,500
|
|
|
$0.15
|
|
February 17, 2017 |
|
|
24,570,000
|
|
|
|
|
|
|
X |
- DefinitionThe entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656
Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644
Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494
Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644
Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C
+ Details
Name: |
us-gaap_StockholdersEquityNoteDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Foreign Currency Risk
|
6 Months Ended |
Nov. 30, 2015 |
Foreign Currency Risk [Text Block] |
Note 7 |
Foreign Currency Risk
|
The Company is exposed to fluctuations in foreign currencies through amounts held in China in RMB: Cash and cash equivalents $419,512
(May 31, 2015 - $465,187).
The Company is exposed to fluctuations in foreign currencies through amounts held in Canada in CAD: Cash $3,863
(May 31, 2015 - $3,076).
The Company is exposed to fluctuations in foreign currencies through amounts held in Hong Kong in HKD: Cash $114
(May 31, 2015 - $110).
|
X |
- DefinitionThe entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30690-110894
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32211-110900
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32618-110901
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30857-110895
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32157-110900
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6450189&loc=d3e30700-110894
+ Details
Name: |
us-gaap_ForeignCurrencyDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Segment Information
|
6 Months Ended |
Nov. 30, 2015 |
Segment Information [Text Block] |
Note 8 |
Segment Information
|
The Company operates in Canada and China, with operations in the mineral resources sector. The Company’s assets are allocated to each country as follows:
|
|
|
|
|
November 30, 2015 |
|
|
|
|
|
May 31, 2015 |
|
|
|
|
|
|
Canada |
|
|
China |
|
|
Total |
|
|
Canada |
|
|
China |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
84,849
|
|
$ |
1,213,543
|
|
$ |
1,298,392
|
|
$ |
174,003
|
|
$ |
1,259,106
|
|
$ |
1,433,109
|
|
Prepaid expense and receivable |
|
8,348
|
|
|
9,827
|
|
|
18,175
|
|
|
5,638
|
|
|
7,124
|
|
|
12,762
|
|
Equipment |
|
220
|
|
|
88,128
|
|
|
88,348
|
|
|
286
|
|
|
108,023
|
|
|
108,309
|
|
Environmental deposit |
|
-
|
|
|
123,421
|
|
|
123,421
|
|
|
-
|
|
|
127,393
|
|
|
127,393
|
|
Mineral properties |
|
-
|
|
|
3,148,740
|
|
|
3,148,740
|
|
|
-
|
|
|
3,148,740
|
|
|
3,148,740
|
|
|
$ |
93,417
|
|
$ |
4,583,659
|
|
$ |
4,677,076
|
|
$ |
179,927
|
|
$ |
4,650,386
|
|
$ |
4,830,313
|
|
|
X |
- DefinitionThe entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599
Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599
Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599
Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599
Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599
Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599
+ Details
Name: |
us-gaap_SegmentReportingDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Mineral Properties (Tables)
|
6 Months Ended |
Nov. 30, 2015 |
Summary of Mineral Property Expenditures [Table Text Block] |
|
|
Gaoping Phosphate
|
|
Summary of mineral property expenditures
|
|
Property
|
|
|
|
|
|
Balance, May 31, 2014 |
$ |
921,163
|
|
Administrative |
|
17,682
|
|
Consulting fees |
|
28,307
|
|
Engineering |
|
2,181
|
|
Mining permit |
|
12,925
|
|
Travel & promotion |
|
32,857
|
|
Wages and benefits |
|
59,586
|
|
Balance, May 31, 2015 |
$ |
1,074,701
|
|
Administrative |
|
1,855
|
|
Consulting fees |
|
12,208
|
|
Mining permit |
|
11,098
|
|
Travel & promotion |
|
5,312
|
|
Wages and benefits |
|
29,761
|
|
Balance, November 30, 2015 |
$ |
1,134,935
|
|
|
X |
- DefinitionSummary of mineral property expenditures
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresTableTextBlock |
Namespace Prefix: |
sggv_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Equipment (Tables)
|
6 Months Ended |
Nov. 30, 2015 |
Property, Plant and Equipment [Table Text Block] |
|
|
November 30, 2015
|
|
|
|
|
|
May 31, 2015
|
|
|
|
|
|
|
|
|
|
Accumulated
|
|
|
Net Book
|
|
|
|
|
|
Accumulated
|
|
|
Net Book
|
|
|
|
Cost
|
|
|
Depreciation
|
|
|
Value
|
|
|
Cost
|
|
|
Depreciation
|
|
|
Value
|
|
Computer equipment |
$ |
14,810
|
|
$ |
13,936
|
|
$ |
874
|
|
$ |
14,126
|
|
$ |
13,809
|
|
$ |
317
|
|
Automobile |
|
58,377
|
|
|
43,470
|
|
|
14,907
|
|
|
60,256
|
|
|
38,801
|
|
|
21,455
|
|
Office equipment |
|
3,478
|
|
|
3,478
|
|
|
-
|
|
|
3,590
|
|
|
3,590
|
|
|
-
|
|
Machinery |
|
159,492
|
|
|
86,925
|
|
|
72,567
|
|
|
164,625
|
|
|
78,088
|
|
|
86,537
|
|
|
$ |
236,157
|
|
$ |
147,809
|
|
$ |
88,348
|
|
$ |
242,597
|
|
$ |
134,288
|
|
$ |
108,309
|
|
|
X |
- DefinitionTabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Capital Stock (Tables)
|
6 Months Ended |
Nov. 30, 2015 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] |
Series |
|
Number |
|
|
Price |
|
Expiry Date |
"A" |
|
3,817,500
|
|
|
$0.50
|
|
February 17, 2017 |
"D" |
|
20,752,500
|
|
|
$0.15
|
|
February 17, 2017 |
|
|
24,570,000
|
|
|
|
|
|
|
X |
- DefinitionTabular 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.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 28 -Article 5
+ Details
Name: |
us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Segment Information (Tables)
|
6 Months Ended |
Nov. 30, 2015 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|
|
|
|
|
November 30, 2015 |
|
|
|
|
|
May 31, 2015 |
|
|
|
|
|
|
Canada |
|
|
China |
|
|
Total |
|
|
Canada |
|
|
China |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
84,849
|
|
$ |
1,213,543
|
|
$ |
1,298,392
|
|
$ |
174,003
|
|
$ |
1,259,106
|
|
$ |
1,433,109
|
|
Prepaid expense and receivable |
|
8,348
|
|
|
9,827
|
|
|
18,175
|
|
|
5,638
|
|
|
7,124
|
|
|
12,762
|
|
Equipment |
|
220
|
|
|
88,128
|
|
|
88,348
|
|
|
286
|
|
|
108,023
|
|
|
108,309
|
|
Environmental deposit |
|
-
|
|
|
123,421
|
|
|
123,421
|
|
|
-
|
|
|
127,393
|
|
|
127,393
|
|
Mineral properties |
|
-
|
|
|
3,148,740
|
|
|
3,148,740
|
|
|
-
|
|
|
3,148,740
|
|
|
3,148,740
|
|
|
$ |
93,417
|
|
$ |
4,583,659
|
|
$ |
4,677,076
|
|
$ |
179,927
|
|
$ |
4,650,386
|
|
$ |
4,830,313
|
|
|
X |
- DefinitionTabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599
+ Details
Name: |
us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
X |
- DefinitionNature Of Operations And Ability To Continue As A Going Concern 1
+ References
+ Details
Name: |
sggv_NatureOfOperationsAndAbilityToContinueAsAGoingConcernZeroThreeOneZeroOneZeroEightTThreekEightRzTMLSixW |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNature Of Operations And Ability To Continue As A Going Concern 2
+ References
+ Details
Name: |
sggv_NatureOfOperationsAndAbilityToContinueAsAGoingConcernZeroThreeOneZeroOneZeroQTwoHKQrrLNxZM |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNature Of Operations And Ability To Continue As A Going Concern 3
+ References
+ Details
Name: |
sggv_NatureOfOperationsAndAbilityToContinueAsAGoingConcernZeroThreeOneZeroOneZeroZFourxKWLSixNNineyOneG |
Namespace Prefix: |
sggv_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
X |
- Definition
+ References
+ Details
Name: |
sggv_MineralPropertiesZeroThreeOneZeroOneZeroDyvFiveTOneSixTwJThreeZero |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_MineralPropertiesZeroThreeOneZeroOneZeroPDyOneDGZeroxvnGZ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_MineralPropertiesZeroThreeOneZeroOneZeroRlZeroMDZCrWBZk |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_MineralPropertiesZeroThreeOneZeroOneZerocQcLsOnewwbCNv |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Equipment (Narrative) (Details)
|
6 Months Ended |
Nov. 30, 2015
USD ($)
|
Equipment 1 |
$ 17,576
|
Equipment 2 |
$ 22,650
|
X |
- Definition
+ References
+ Details
Name: |
sggv_EquipmentZeroThreeOneZeroOneZeroMSevenrQwXDtGLWSeven |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_EquipmentZeroThreeOneZeroOneZeroThreedgFTBEightNtxFTwo |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
v3.3.1.900
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZeroFiveEightWTHVlKSRQf |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZeroQlFNineZThreezrMCXV |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZeroZeroLPdzcZeroTwoHRnz |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZerobGBwslmTwosThreeTwom |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZeroddTtnnxSTSixFourH |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZerofdFourzghRcRHvw |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZerogWRPWFBVWQOneThree |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZerokQDGNineDFiveTVdkD |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZerosvsTRTFiveTwoXMmX |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_CapitalStockZeroThreeOneZeroOneZeroxKEightOneMlGTSixCJSeven |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZeroFkGMDOnerqprJN |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZeroPVZeroNFivePNineyTwoZvEight |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZeroPdyJwFmHBWVg |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZeroSixFivepHJZMThreeSixZerowX |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZerobDgGbtVZerowNineZeroT |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
sggv_ForeignCurrencyRiskZeroThreeOneZeroOneZeronOneFVrhVtGvSevenH |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Summary of Mineral Property Expenditures (Details)
|
6 Months Ended |
Nov. 30, 2015
USD ($)
|
Mineral Properties Summary Of Mineral Property Expenditures 1 |
$ 921,163
|
Mineral Properties Summary Of Mineral Property Expenditures 2 |
17,682
|
Mineral Properties Summary Of Mineral Property Expenditures 3 |
28,307
|
Mineral Properties Summary Of Mineral Property Expenditures 4 |
2,181
|
Mineral Properties Summary Of Mineral Property Expenditures 5 |
12,925
|
Mineral Properties Summary Of Mineral Property Expenditures 6 |
32,857
|
Mineral Properties Summary Of Mineral Property Expenditures 7 |
59,586
|
Mineral Properties Summary Of Mineral Property Expenditures 8 |
1,074,701
|
Mineral Properties Summary Of Mineral Property Expenditures 9 |
1,855
|
Mineral Properties Summary Of Mineral Property Expenditures 10 |
12,208
|
Mineral Properties Summary Of Mineral Property Expenditures 11 |
11,098
|
Mineral Properties Summary Of Mineral Property Expenditures 12 |
5,312
|
Mineral Properties Summary Of Mineral Property Expenditures 13 |
29,761
|
Mineral Properties Summary Of Mineral Property Expenditures 14 |
$ 1,134,935
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 10
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroBZFourLwFouryTbXFourTwo |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 3
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroCcxmbfyZTWFourt |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 4
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroNinecHsBFiveSixnOneFLJ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 1
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroQTNPhghSevenTwoOnekJ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 11
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroTsDrFiveLHfydEightt |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 7
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerocdFourDsTvhrgyc |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 8
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerodtMtTwoPMByKtV |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 14
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerodtPLkTFourwZeromkP |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 2
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerohSevenFgBZqtlSixSevenl |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 12
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZeroqJwNineThreenThreeFourZerodwQ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 6
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerorvXNmVvgQbzV |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 13
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerovFourtTMDtSixnPcZ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 9
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerovSixJEightTTwohRFiveBLM |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMineral Properties Summary Of Mineral Property Expenditures 5
+ References
+ Details
Name: |
sggv_SummaryOfMineralPropertyExpendituresZeroThreeOneZeroOneZerowEightZTSixcXrcTFiveh |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Property, Plant and Equipment (Details)
|
6 Months Ended |
Nov. 30, 2015
USD ($)
|
Equipment Property, Plant And Equipment 1 |
$ 14,810
|
Equipment Property, Plant And Equipment 2 |
13,936
|
Equipment Property, Plant And Equipment 3 |
874
|
Equipment Property, Plant And Equipment 4 |
14,126
|
Equipment Property, Plant And Equipment 5 |
13,809
|
Equipment Property, Plant And Equipment 6 |
317
|
Equipment Property, Plant And Equipment 7 |
58,377
|
Equipment Property, Plant And Equipment 8 |
43,470
|
Equipment Property, Plant And Equipment 9 |
14,907
|
Equipment Property, Plant And Equipment 10 |
60,256
|
Equipment Property, Plant And Equipment 11 |
38,801
|
Equipment Property, Plant And Equipment 12 |
21,455
|
Equipment Property, Plant And Equipment 13 |
3,478
|
Equipment Property, Plant And Equipment 14 |
3,478
|
Equipment Property, Plant And Equipment 15 |
0
|
Equipment Property, Plant And Equipment 16 |
3,590
|
Equipment Property, Plant And Equipment 17 |
3,590
|
Equipment Property, Plant And Equipment 18 |
0
|
Equipment Property, Plant And Equipment 19 |
159,492
|
Equipment Property, Plant And Equipment 20 |
86,925
|
Equipment Property, Plant And Equipment 21 |
72,567
|
Equipment Property, Plant And Equipment 22 |
164,625
|
Equipment Property, Plant And Equipment 23 |
78,088
|
Equipment Property, Plant And Equipment 24 |
86,537
|
Equipment Property, Plant And Equipment 25 |
236,157
|
Equipment Property, Plant And Equipment 26 |
147,809
|
Equipment Property, Plant And Equipment 27 |
88,348
|
Equipment Property, Plant And Equipment 28 |
242,597
|
Equipment Property, Plant And Equipment 29 |
134,288
|
Equipment Property, Plant And Equipment 30 |
$ 108,309
|
X |
- DefinitionEquipment Property, Plant And Equipment 26
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroCcdTtSevenGmgOnehS |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 1
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroDvCEightgXFiveTytOnel |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 22
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroEightThreekSevenqdZJKVPThree |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 28
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroFourhQbpLhWHSFived |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 9
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroGPqKJpZRKxQH |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 21
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroHFivehFivegTwoGNKSevenwv |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 6
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroHzkLJqJBdPOnec |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 2
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroJlMRZeroVPcBNpFive |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 12
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroLFBmqTSevensXtTl |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 11
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroMGNineGZeromPThreehNineDQ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 17
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroNinehEightNPEightTFourFThreekq |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 27
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroNrvkxPywlZNV |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 24
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroPHTvThreevlvFsls |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 30
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroPqBFLkSixMEightOneThreeZero |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 15
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroQRJEightkFyptTEightOne |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 7
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroSevendymJEightNPvFourRT |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 8
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroThreeslThreeVhVCZerowmh |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 10
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroTwoLLPTNineThreeTbrTW |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 14
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroTwoNEighttHEightMDsZeroSv |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 19
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroWJdDKyrHQzkNine |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 4
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroZerosqRrrVSevenXJhJ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 5
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroZhlTkPRMSevenHVW |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 20
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZerocfyFourgkThreeBFFourGM |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 23
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZerofTsNineEightWfgqtTJ |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 18
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZerokGQNHNinepkcOnePB |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 16
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeromRdHEightbrHDZcr |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 29
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeronrWWNfrZeroFwQK |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 25
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroqvSixTwolFNgMSXL |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 13
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroykZerokbFNSevenKLzFive |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquipment Property, Plant And Equipment 3
+ References
+ Details
Name: |
sggv_PropertyPlantAndEquipmentZeroThreeOneZeroOneZeroylTwoqbBFiveHMXHZero |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Schedule of Stockholders' Equity Note, Warrants or Rights (Details)
|
6 Months Ended |
Nov. 30, 2015
USD ($)
|
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 1 |
$ 3,817,500
|
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 2 |
0.50
|
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 3 |
20,752,500
|
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 4 |
0.15
|
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 5 |
$ 24,570,000
|
X |
- DefinitionCapital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 1
+ References
+ Details
Name: |
sggv_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsZeroThreeOneZeroOneZeroMJZlyZeroSixCLrBC |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCapital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 5
+ References
+ Details
Name: |
sggv_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsZeroThreeOneZeroOneZeroNvpHzsBNinexTwovK |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCapital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 4
+ References
+ Details
Name: |
sggv_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsZeroThreeOneZeroOneZeroRRbZeronpSixJxFfF |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCapital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 2
+ References
+ Details
Name: |
sggv_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsZeroThreeOneZeroOneZerocqBGJqTSevenvOneEightT |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCapital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights 3
+ References
+ Details
Name: |
sggv_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsZeroThreeOneZeroOneZerovSGtZeroFourTFourTCZf |
Namespace Prefix: |
sggv_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Schedule of Segment Reporting Information, by Segment (Details)
|
6 Months Ended |
Nov. 30, 2015
USD ($)
|
Segment Information Schedule Of Segment Reporting Information, By Segment 1 |
$ 84,849
|
Segment Information Schedule Of Segment Reporting Information, By Segment 2 |
1,213,543
|
Segment Information Schedule Of Segment Reporting Information, By Segment 3 |
1,298,392
|
Segment Information Schedule Of Segment Reporting Information, By Segment 4 |
174,003
|
Segment Information Schedule Of Segment Reporting Information, By Segment 5 |
1,259,106
|
Segment Information Schedule Of Segment Reporting Information, By Segment 6 |
1,433,109
|
Segment Information Schedule Of Segment Reporting Information, By Segment 7 |
8,348
|
Segment Information Schedule Of Segment Reporting Information, By Segment 8 |
9,827
|
Segment Information Schedule Of Segment Reporting Information, By Segment 9 |
18,175
|
Segment Information Schedule Of Segment Reporting Information, By Segment 10 |
5,638
|
Segment Information Schedule Of Segment Reporting Information, By Segment 11 |
7,124
|
Segment Information Schedule Of Segment Reporting Information, By Segment 12 |
12,762
|
Segment Information Schedule Of Segment Reporting Information, By Segment 13 |
220
|
Segment Information Schedule Of Segment Reporting Information, By Segment 14 |
88,128
|
Segment Information Schedule Of Segment Reporting Information, By Segment 15 |
88,348
|
Segment Information Schedule Of Segment Reporting Information, By Segment 16 |
286
|
Segment Information Schedule Of Segment Reporting Information, By Segment 17 |
108,023
|
Segment Information Schedule Of Segment Reporting Information, By Segment 18 |
108,309
|
Segment Information Schedule Of Segment Reporting Information, By Segment 19 |
0
|
Segment Information Schedule Of Segment Reporting Information, By Segment 20 |
123,421
|
Segment Information Schedule Of Segment Reporting Information, By Segment 21 |
123,421
|
Segment Information Schedule Of Segment Reporting Information, By Segment 22 |
0
|
Segment Information Schedule Of Segment Reporting Information, By Segment 23 |
127,393
|
Segment Information Schedule Of Segment Reporting Information, By Segment 24 |
127,393
|
Segment Information Schedule Of Segment Reporting Information, By Segment 25 |
0
|
Segment Information Schedule Of Segment Reporting Information, By Segment 26 |
3,148,740
|
Segment Information Schedule Of Segment Reporting Information, By Segment 27 |
3,148,740
|
Segment Information Schedule Of Segment Reporting Information, By Segment 28 |
0
|
Segment Information Schedule Of Segment Reporting Information, By Segment 29 |
3,148,740
|
Segment Information Schedule Of Segment Reporting Information, By Segment 30 |
3,148,740
|
Segment Information Schedule Of Segment Reporting Information, By Segment 31 |
93,417
|
Segment Information Schedule Of Segment Reporting Information, By Segment 32 |
4,583,659
|
Segment Information Schedule Of Segment Reporting Information, By Segment 33 |
4,677,076
|
Segment Information Schedule Of Segment Reporting Information, By Segment 34 |
179,927
|
Segment Information Schedule Of Segment Reporting Information, By Segment 35 |
4,650,386
|
Segment Information Schedule Of Segment Reporting Information, By Segment 36 |
$ 4,830,313
|