Related Party Transactions / Balances

6 Months Ended

Jun. 30, 2014

Related Party Transactions / Balances [Text Block]

7.	Related Party Transactions / Balances
	a)	During the six months ended June 30, 2014, the Company incurred $425,836 (2013 - $345,116) for consulting services (included in general and administrative expenses) provided by Officers. Other general and administrative expenses were reimbursed in the normal course of business. At June 30, 2014, consulting services and expenditures incurred on behalf of the Company of $13,220 (December 31, 2013 - $Nil) are owed to these Officers, and these amounts are unsecured, non-interest bearing, and due on demand.
	b)	During the six months ended June 30, 2014, the Company paid fees of $79,650 (2013 - $62,250) to non- executive Directors of the Company for their services as Directors. Other general and administrative expenses were reimbursed to the directors in the normal course of business.
	c)	During the six months ended June 30, 2014, the Company paid $322,500 (2013 - $Nil) for bonuses (included in prior year’s general and administrative expenses) to related party Officers.