Related Party Transactions

6 Months Ended

Jan. 31, 2021

Related Party Transactions [Abstract]

Related Party Transactions

For the six months ended January 31, 2021 and 2020, total payments of $30,000 and $30,000, respectively, were made to Noel Schaefer, a Director of the Company, for consulting services. As of January 31, 2021, and July 31, 2020 there is $27,500 and $27,500 credited to accounts payable.

As of January 31, 2021 and July 31, 2020, there is $2,200 and $2,200, respectively, credited to accounts payable for amounts due to Rachel Boulds, CFO, for consulting services.

On September 25, 2018, the Company executed a loan agreement with the wife of the CEO for $6,800. The loan was to be repaid by December 15, 2018, with an additional $680 to cover interest and fees. On October 10, 2018, the Company executed another loan agreement for $15,000. The loan was to be repaid by December 15, 2018, with an additional $1,500 to cover interest and fees. As of January 31, 2021, the Company owes $23,210 on this loan. This loan is in default.

Victor Miranda, a Director of the Company is also President and owner of Labrador Capital SAPI DE CV (“Labrador”), a major shareholder of the Company owning 8.8% of its issued and outstanding shares. The Company has entered into a Memorandum of Understanding with Labrador to jointly pursue developing real estate projects in Mexico.  As of the date of this report no projects have been identified to jointly pursue.  In the event of a decision to go forward with Labrador, Victor Miranda will abstain from voting to avoid any conflict of interest.