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Note 5. Related Party Transactions and Balances: Advances From A Related Party (Policies)
12 Months Ended
Apr. 30, 2014
Policies  
Advances From A Related Party

ADVANCES FROM A RELATED PARTY

 

As of April 30, 2014, the Company owes $96,489 (2013 - $93,481) in respect of advances from Dr. Asculai, its former CEO and current Chief Scientific Officer and Chairman of the Board, pursuant to a loan agreement entered between the Company, Dr. Asculai and Mercuriali Ltd. dated March 4, 2013.  This balance is to be paid in quarterly installments after the Company has cumulatively raised one million United States dollars. The Advances are secured by all of the assets of the Company and do not bear interest.