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7. LOAN PAYABLE
12 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
7. LOAN PAYABLE

Loan payable consists of followings:

 

$111,006 (2011 - $22,182) was payable to 0787129 B.C. Ltd. of which $51,272 and $34,827 were the result of the assignment and transfer from loan payable to ATP Corporate Services Corp. and Bobcat Development, respectively. The loan amount is unsecured, interest-bearing at 12% per annual and due on demand. During the year ended June 30, 2012, the Company incurred and accrued interest expense of $10,093.