CALAIS RESOURCES INC - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - April 23, 2012

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EXCEL - IDEA: XBRL DOCUMENT - CALAIS RESOURCES INCFinancial_Report.xls
10-Q - FORM 10-Q - CALAIS RESOURCES INCv309460_10q.htm
XML - IDEA: XBRL DOCUMENT - CALAIS RESOURCES INCR1.htm
XML - IDEA: XBRL DOCUMENT - CALAIS RESOURCES INCR8.htm
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XML - IDEA: XBRL DOCUMENT - CALAIS RESOURCES INCR17.htm
XML - IDEA: XBRL DOCUMENT - CALAIS RESOURCES INCR13.htm
EX-32.1 - EXHIBIT 32.1 - CALAIS RESOURCES INCv309460_ex32-1.htm
EX-31.2 - EXHIBIT 31.2 - CALAIS RESOURCES INCv309460_ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - CALAIS RESOURCES INCv309460_ex31-1.htm
v2.4.0.6
DEBENTURES
 9 Months Ended
Feb. 29, 2012
Debt Disclosure [Abstract]  
Debenture Disclosure [Text Block]

NOTE 6 – DEBENTURES

 

A summary of convertible debentures outstanding is as follows:

 

    February 29,
2102		     May 31,
2011		  
Debenture   $ 755,654     $ 702,964  
Less: Current portion     -       (702,964 )
Long-term portion   $ 755,654     $ -  

 

This debenture is unsecured, non-interest bearing, and initially matured in May 2011. This debenture is owned by Marlowe Harvey who was the President and a director of ours until he resigned as President in 2000 and as a director in November 2003. The debenture is convertible into common stock at $1.23 in Canadian Dollars at the holder’s discretion and contains no restrictive covenants.

 

This debenture matured in May 2011. On August 11, 2011 the convertible debenture was renewed for a period of ten years maturing on August 31, 2021. All terms contained in the debenture agreement remain consistent with the original note.

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