In the News ... 2018Principles of consolidation
These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Significant inter-company transactions and balances have been eliminated on consolidation. During the year ended May 31, 2018, the Company incorporated two new subsidiaries and acquired another: RevoluPAY S.L., RevoluVIP International Inc., and RevoluFIN Inc. respectively. Name of Subsidiary Place of Incorporation Percentage Ownership May 31, 2018 Percentage ownership May 31, 2017
Principal Activity Functional Currency
Travelucion S.L. (“Travelucion”) Canary Islands, Spain 100% 100% Tourism EUR
Pidgeon Molybdenum Mines Limited (“Pidgeon”) Ontario, Canada 100% 100% Exploration CAD RevoluPAY S.L. Barcelona, Spain 100% - Software development CAD
RevoluVIP International Inc. Vancouver, Canada 100% - Travel memberships CAD
RevoluFIN Inc. * Panama 100% - Travel promotion & banking CAD