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Related Party Disclosures
12 Months Ended
Jul. 31, 2013
Related Party Disclosures:  
Related Party Transactions Disclosure

5.  RELATED PARTY TRANSACTIONS

 

While the Company is seeking additional capital, the former officer of the Company advanced the Company funds by making payments on behalf of the Company. This advance was written off and is no longer owed to the former officer and director. Therefore, as of July 31, 2013 the balance owing is $Nil (July 31, 2012 - $29,062).

 

Another former officer of the Company has advanced the Company $24,747 by making payments on behalf of the Company. The full balance of $24,747 is still owed as of July 31, 2013 (July 31, 2012 - $24,747). The advance is unsecured, non-interest bearing and has no specific terms of repayment.

 

On August 15, 2012, the Company entered into an Independent Contractor Agreement with the Company’s newly appointed Chief Executive Officer, President and Director. The term of this agreement commenced on August 15, 2012 and goes through to August 15, 2013, unless formerly terminated. As of July 31, 2013, $30,798 has been paid to the officer.