Related Party Disclosures

3 Months Ended

Mar. 31, 2012

Related Party Disclosures

Related Party Transactions Disclosure [Text Block]

6.         Related Party Transactions

Other than amounts payable to related parties as disclosed below and in Note 3, the Company did not have any other related party transactions for the periods ended March 31, 2012 and December 31, 2011.

Our chief executive officer and director has entered into a consulting arrangement on a month to month basis that provides for a monthly fee of CAD 5,000. These amounts have been accrued and are currently unpaid. As of March 31, 2012 our chief executive officer was owed $100,250 (CAD 100,000) for services rendered as an officer. 

Our chief financial officer and director has entered into a consulting agreement on a month to month basis that provides for a monthly fee of $2,000. These amounts have been accrued and are currently unpaid. As of March 31, 2012 our chief financial officer was owed $30,000 for services rendered as an officer.

Our chief executive officer and director is owed $220,658 for unsecured non-interest bearing amounts due on demand loaned to the Company as of March 31, 2012.

Our chief executive officer and a director is owed $119,025 for unsecured amounts bearing 6% interest due on demand loaned to the Company as of March 31, 2012.

Our former officers are owed a total of $104,721 for their prior services rendered as officers.

A director of the Company is owed $60,000 as of March 31, 2012 for services rendered as a director during 2007. Two former directors of the Company are owed $76,100 as of March 31, 2012 for services rendered as directors during 2007.