DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2012

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

NOTE 9:              DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

During the three and six months ended January 31, 2012, the Company had transactions with certain officers and directors of the Company as follows:

• incurred $16,167 and $50,860 (three and six months ended January 31, 2011: $39,050 and $80,125) in general and administrative costs paid to a company controlled by a direct family member of a current officer; and

• incurred $18,347 and $131,176 in administrative services and associated expense reimbursements paid to a company controlled by a current director. In addition, an amount of $179,904 was incurred during the three and six months ended January 31, 2011 for finder’s fees related to private placements.

At January 31, 2012, amounts owed to related parties totaled $3,247 (July 31, 2011: $8,287).