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RELATED PARTY TRANSACTIONS
6 Months Ended
Feb. 29, 2012
Notes to Financial Statements  
Note 6 - RELATED PARTY TRANSACTIONS

During the six months ended February 29, 2012, Richard Genovese, a Director of the Company ("Genovese" ), converted $595,000 of debt owed to him into 7,933,333 common shares at a conversion price per share of $0.075.

 

During the six months ended February 29, 2012, Genovese made advances of $585,000 to the Company. As of February 29, 2012 and August 31, 2011, the amount due Genovese was $320,510 and $330,510 respectively.