RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2012

RELATED PARTY TRANSACTIONS [Text Block]

6.		Related Party Transactions
	(a)	During the nine months ended September 30, 2012, the Company incurred consulting fees of $nil (2011 - $7,143) to the President of the Company.
	(b)	During the nine months ended September 30, 2012, the Company incurred management fees of $36,090 (US$36,000) (2011 – $15,630) to a company controlled by the President of the Company.
	(c)	As at September 30, 2012, the amount of $3,200 (December 31, 2011 - $3,200) is due from a company controlled by the President of the Company which is non-interest bearing, unsecured, and due on demand.
	(d)	As at September 30, 2012, the amount of $1,526 (December 31, 2011 – $nil) is due from the President of the Company which is non-interest bearing, unsecured, and due on demand.
	(e)	As at September 30, 2012, the Company owed $5,690 (US$5,673) (December 31, 2011 - $5,308 (US$5,398)) to a company controlled by a director of the Company which is included in accounts payable and accrued liabilities. This amount owing is non-interest bearing, unsecured, and due on demand.
	(f)	As at September 30, 2012, the Company owed $nil (December 31, 2011 - $1,967) to a company controlled by the President of the Company which is included in accounts payable and accrued liabilities. This amount owing is non- interest bearing, unsecured, and due on demand.