RELATED PARTIES TRANSACTION

12 Months Ended

Aug. 31, 2014

RELATED PARTIES TRANSACTION [Text Block]

10.

RELATED PARTIES TRANSACTION For the year ended August 31, 2014, the Company was party to the following related party transactions: Paid /accrued $69,000 (August 31, 2013: $60,000) to the President of the Company in consulting fees. The Company also granted 250,000 stock options to him. Paid/accrued $78,000 CAD (August 31, 2013: $66,000 CAD) in consulting fees to a company controlled by the CFO of the Company. The Company also granted 250,000 stock options to her. Paid/accrued $7,500 (August 31, 2013: $Nil) director fees to the directors of the Company. The Company also granted 50,000 stock options to each director. Paid $125,000 (August 31, 2012: $Nil) cash in consulting fees to the Senior Business Development. The Company also granted 100,000 stock options and issued 100,000 common shares to him. Included in accounts payable, $64,833 was payable to the President and a company controlled by a CFO of the Company. Director of Enertopia fell under the short swing rule and paid the Company $31,922. See Notes 8 and 9. The related party transactions are recorded at the exchange amount established and agreed to between the related parties.