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Notes Payable
9 Months Ended
May 31, 2014
Notes to Financial Statements  
Note - 6 Notes Payable

On September 13, 2013, the Company entered into an mortgage agreement totaling CDN $850,000.  Installment payments are $7,725 per month with interest accruing at 10% per annum. The note matures on September 15, 2014.  As of May 31, 2014, the balance outstanding was 535,050.

 

On September 1, 2013, the Company entered into an secured mortgage agreement totaling CDN $200,000.  Installment payments are $1.667 per month with interest accruing at 11.25% per annum. The note matures on September 1, 2014.  As of May 31, 2014, the balance outstanding was $249,075.