RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2013

RELATED PARTY TRANSACTIONS [Text Block]

NOTE 8: RELATED PARTY TRANSACTIONS

During the three and six months ended January 31, 2013, the Company had transactions with certain officers and directors of the Company as follows:

• Incurred $35,481 and $83,914 (three and six months ended January 31, 2012: $16,167 and $50,860) in general and administrative costs paid to a company controlled by a direct family member of a current officer; and

• Incurred $9,000 and $18,000 (three and six months ended January 31, 2012: $Nil) in consulting fees paid to a company controlled by a current director of the Company.

During the three and six months ended January 31, 2012, the Company incurred $18,347 and $131,176 in consulting fees provided by a company controlled by a former director of the Company.

At January 31, 2013, amounts due from a related party included in accounts and interest receivable totaled $16,159 (July 31, 2012: due to of $11,110). At January 31, 2013, amounts due to other related parties totaled $3,000 (July 31, 2012: $36,333). These amounts are unsecured, non-interest bearing and due on demand.