DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 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 nine months ended April 30, 2012, the Company had transactions with certain officers and directors of the Company as follows:

• incurred $39,455 and $90,315 (three and nine months ended April 30, 2011: $64,525 and $144,650) in general and administrative costs paid to a company controlled by a direct family member of a current officer; and
• incurred $nil and $131,176 in administrative services and associated expense reimbursements paid to a company controlled by a current director. An amount of $179,904 was incurred during the nine months ended April 30, 2011 for finder’s fees related to private placements.

At April 30, 2012, amounts owed to related parties totaled $10,376 (July 31, 2011: $8,287).