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Convertible Debt
3 Months Ended
Oct. 31, 2016
Convertible Debt [Abstract]  
CONVERTIBLE DEBT

NOTE 6 - CONVERTIBLE DEBT

 

On August 22, 2013 the Company entered into a $50,000 Convertible Loan Agreement with an un-related party. The Loan and interest is convertible into Units at $0.08 per Unit with each Unit consisting of one common share of the Company and ½ warrant with each full warrant exercisable for one year to purchase one common share at $0.30 per share. The Loan shall bear interest at the rate of Eight Percent (8%) per annum, payable on maturity, calculated on the principal amount of the Loan outstanding. On July 10, 2014, a further $35,000 was received from the same unrelated party under the same terms. As of October 31, 2016, there is $85,000 and $19,351 of principal and accrued interest, respectively, due on this loan.