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7. LOAN PAYABLE
12 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
7. LOAN PAYABLE

Loan payable consists of followings:

 

$137,595 (2013: $125,486) was payable to 0787129 B.C. Ltd. (a non-related party) of which $51,272 and $34,827 were the result of the assignment and transfer from loan payable to ATP Corporate Services Corp. (a non-related party) and Bobcat Development, respectively. The loan amount is unsecured, interest-bearing at 12% per annual and due on demand. During the year, the Company incurred and accrued interest expense of $12,109 (2013: $11,160).

 

$30,264 (2013: $19,489) was payable to Bobcat Development. The loan amount is unsecured, interest-bears at 12% per annual and due on demand. During the year, the Company incurred and accrued interest expenses of $2,627 (2013: $865).

 

$2,899 (2013: $2,600) was payable to Dimac Capital (a related party). The loan amount is unsecured, interest-bears at 12% per annual and due on demand.  During the year, the Company incurred and accrued interest expenses of $300 (2013: $99).