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DUE TO RELATED PARTIES
9 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
DUE TO RELATED PARTIES

6. DUE TO RELATED PARTIES

 

As of March 31, 2022, due to related parties balance of $301,590 (June 30, 2021: $268,046) represents the combination of the following:

 

  a) $273,590 (June 30, 2021: $240,046) 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;
     
  b) $28,000 (June 30, 2021: $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.