RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Sep. 30, 2014

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]

Maximum exposure to credit risk with respect to cash

Concentration of credit risk exists with respect to the Company’s cash, as certain amounts are held at US and Canadian financial institutions. The Company's cash and equivalents is as follows at September 30, 2014 and  June 30, 2014:

	September 30, 2014		June 30, 2014
Cash (US institution)	$	180,246	$	193,782
Cash (CDN institution)		950		5,995
	$	181,196	$	199,777