DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2011

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS [Text Block]

NOTE 9:               DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

During the three months ended October 31, 2011, the Company had transactions with certain officers and directors of the Company as follows:

• incurred $34,693 (three months ended October 31, 2010: $41,075) in general and administrative costs paid to a company controlled by a direct family member of a current officer; and

• incurred $112,829 (three months ended October 31, 2010: $190,126) in administrative services and associated expense reimbursements paid to a company controlled by a current director. The amount during the three months ended October 31, 2010 includes a finder’s fee for the private placement that closed in October 2010.

At October 31, 2011, amounts owed to related parties totaled $70,039 (July 31, 2011: $8,287).