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Due to Related Parties
6 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Due to Related Parties

6. DUE TO RELATED PARTIES

 

As of December 31, 2018 due to related parties balance of $201,062 (June 30, 2018: $182,628) represents the combination of the following:

 

  a) $54,959 (June 30, 2018: $54,959) owed to a company controlled by a former director and principal shareholder of the Company, for the amount of office, transfer agent and travel expenses paid by the related party on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand;
     
  b) $28,000 (June 30, 2018: $28,000) owed to a director of the Company, for the amount of office, travel and telephone expenses paid by the related party on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand.
     
  c) $118,102 (June 30, 2018: $99,669) was payable to a principal shareholder’s company, for the operating expenses paid by the related party on behalf of the Company. The loan amount is unsecured, non-interest bearing and due on demand.