Loan Payable

9 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Loan Payable

7. LOAN PAYABLE

Loan payable consists of followings:

$143,700 (June 30, 2015: $143,700) 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 annum and due on demand. During the nine months periods ended March 31, 2016 and 2015, the Company incurred and accrued interest expense of $nil (2015: $nil) as the vendors have waived the interests.

$57,858 (June 30, 2015: $57,858) was payable to Bobcat Development. The loan amount is unsecured, interest-bearing at 12% per annum and due on demand. During the nine months periods ended March 31, 2016 and 2015, the Company incurred and accrued interest expense of $nil (2015: $nil) as the vendors have waived the interests.

$44,161 (June 30, 2015: $11,571) was payable to Dimac Capital (a related party). The loan amount is unsecured, interest-bearing at 12% per annum and due on demand. During the nine months periods ended March 31, 2016 and 2015, the Company incurred and accrued interest expense of $nil (2015: $nil) as the vendors have waived the interests.