5. PAYABLE TO RELATED PARTIES

6 Months Ended

May 31, 2014

Related Party Transactions [Abstract]

5. PAYABLE TO RELATED PARTIES

Payable to related parties is comprised of the following:

	As at November 30, 2013		As at May 31, 2014
Michel G. Laporte (stockholder and Director)	$	719,230	$	745,750
World Asset Management Inc. (reclassified to short-term loans - Note 6, Promissory note (iii))		1,495,477		—
Other loan		36,695		—
	$	2,251,402	$	745,750

The payables to related parties and others bear interest at 8% per annum, are unsecured and repayable on demand.  The related parties and others have agreed in writing to postpone the repayment of their debts in favor of the credit facility referred to in note 7. Interest expense incurred during the three and six months ended May 31, 2014 was $13,260 and $26,250 (three and six months ended May 31, 2013 - $28,465 and $60,625).