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RELATED PARTY TRANSACTIONS
12 Months Ended
Jun. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

 

As at June 30, 2013, the loans payable to related parties of $86,399 (2012 - $59,629) are due to a director of the Company.  During the year ended June 30, 2013, the director advanced loans in the amount of $26,770 (2012 - $45,542),    These loans are non-interest bearing, unsecured and have no stated terms of repayment.

 

In the fiscal 2013 year, consulting fees of $6,000 to an officer were recognized in operations for services rendered (2012- $15,000 to an officer).