ACCOUNTS PAYABLE - RELATED PARTIES

12 Months Ended

Apr. 30, 2014

ACCOUNTS PAYABLE - RELATED PARTIES [Text Block]

6. ACCOUNTS PAYABLE - RELATED PARTIES

As of April 30, 2014 and April 30, 2013, accounts payable – related parties consisted of $196,083 and $210,000 respectively, due to directors and officers of the Company for consulting fees, and $237,516 for the acquisition of an extraction processing system in January 2012. On November 18, 2013, $310,000 of accounts payable – related parties was converted into common stock and warrants of the Company (see Note 11 - Stockholders Equity).