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Related Party Transactions
6 Months Ended
Nov. 30, 2016
Related Party Transactions [Text Block]
3.

Related Party Transactions


  (a)

During the six months ended November 30, 2016, the Company incurred consulting fees of $15,083 (2015 - $13,585) to a company controlled by the President of the Company.

     
  (b)

During the six months ended November 30, 2016, the Company incurred consulting fees of $11,171 (2015 - $50,072) to a Director of the Company.

     
  (c)

As at November 30, 2016, the Company owes of $10,678 (May 31, 2016 - $9,120) to a company controlled by the President of the Company, which is non-interest bearing, unsecured and due on demand.

     
  (d)

As at November 30, 2016, the Company owes $16,570 (May 31, 2016 - $18,231) to a Director of the Company, which is non-interest bearing, unsecured and due on demand.

 

  (e)

On December 7, 2015, in exchange for prior advances, the Company received a $14,894 (Cdn$20,000) promissory note from Enigma, a company controlled by a director of the Company and with whom the Company has entered into a Share Exchange and Royalty Agreement. Effective that date the note started to accrue interest from day to day at a rate of 5% per annum. The note is unsecured, however all amounts owing are guaranteed by a director of the Company. The principal sum and accrued interest are due one year after the note was received. At November 30, 2016, the Company has accrued interest of $732 (Cdn$983) (May 31, 2016 - $368 (Cdn$482)).