NOTE 15 CONVERTIBLE NOTES PAYABLE

12 Months Ended

Dec. 31, 2020

NOTE 15 CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE

15. CONVERTIBLE NOTE PAYABLE

	2020		2019		2018
	$		$		$
Balance, beginning of period		192,717		-		-
Issue of notes payable		-		188,893		-
Unrealized foreign exchange loss		3,971		3,596		-
Interest expense		3,842		228		-
Balance, end of period		200,530		192,717		-
Less: Current portion		200,530		192,717		-
Non-current portion of convertible note payable		-		-		-

On December 9, 2019, the Company issued a convertible promissory note payable in the amount of $188,893 (C$250,000). The convertible promissory note payable is due December 9, 2021 and bears interest at 2% per annum. The convertible promissory note is convertible at a share price equal to the closing share price on the date prior to conversion for total shares equal to the face value of the note divided by the closing share price. As the settlement is fixed at the face value of the obligation, the Company has determined that the conversion option has $nil value.