RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2014

RELATED PARTY TRANSACTIONS [Text Block]

NOTE 7: RELATED PARTY TRANSACTIONS

During the three and six months ended January 31, 2014, the Company had transactions with certain officers and directors of the Company as follows:

• incurred $36,237 and $73,640 (three and six months ended January 31, 2013: $35,481 and $83,914) in general and administrative costs paid to a company controlled by a direct family member of a director and officer; and

• incurred $9,000 and $18,000 (three and six months ended January 31, 2013: $9,000 and $18,000) in consulting fees paid to a company controlled by a director of the Company.

January 31, 2014, amounts due to related parties totaled $8,611 (July 31, 2013: $9,571). These amounts are unsecured, non-interest bearing and due on demand.