XML 22 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 6 - Related Party Transactions
3 Months Ended
Sep. 30, 2017
Notes  
Note 6 - Related Party Transactions

Note 6 – Related Party Transactions

 

During the quarter ended September 30, 2017, each of Messrs. Bruce Reid (CEO), Julio DiGirolamo (CFO), Howard Crosby (Executive Vice President) and John Ryan (Director) received $5,000 per month for these services to the Company.

 

At September 30, 2017, a balance of CDN$6,500 was included in accrued liabilities as owing to the Company’s CEO related to reimbursable Company expenses incurred during the quarter ended September 30, 2017.  An additional $100,000 is payable to the Company’s CEO related to a payment made to Placer Mining to extend the negotiation period to arrive at the Agreement for the lease and option to purchase the Bunker Assets.