5. Related Party Transactions

12 Months Ended

Feb. 28, 2015

Notes

5. Related Party Transactions

5.  Related Party Transactions

a.       During the year ended February 28, 2015, the Company incurred $30,000 (2014 - $30,000) in management fees to a company controlled by the President of the Company. As at February 28, 2015, prepaid expenses include a prepayment of $10,500 (2014 – $nil).

b.      During the year ended February 28, 2015, the Company incurred $30,000 (2014 - $30,000) in rent and administrative services to a company controlled by the President and a director of the Company. As at February 28, 2015, prepaid expenses include a prepayment of $19,500 (2014 – $nil).

c.       During the year ended February 28, 2015, the Company incurred $24,000 (2014 - $24,000) in professional fees to a company controlled by a director. As at February 28, 2015, prepaid expenses include a prepayment of $8,400 (2014 – $nil).

d.      As at February 28, 2015, an amount of $nil (2014 - $53,890) is owed to the spouse of the President of the Company which is non-interest bearing, unsecured, and due on demand. Refer to Note 6(d).

e.       As at February 28, 2015, an amount of $nil(2014 - $100,335) is owed to a company controlled by the President of the Company which is non-interest bearing, unsecured, and due on demand. Refer to Note 6(a).

f.        As at February 28, 2015, an amount of $nil (2014 - $163,960) is owed to a company controlled by the President and a director of the Company which is non-interest bearing, unsecured, and due on demand. Refer to Note 6(b).

g.      As at February 28, 2015, an amount of $nil (2014 - $76,860) is owed to a company controlled by a director of the Company which is non-interest bearing, unsecured, and due on demand. Refer to Note 6(c).

h.       In March 2014, the Company received loan proceeds of $53,760 from the spouse of a director of the Company. On April 7, 2014, the Company issued shares to settle the amount owing. Refer to Note 6(e).