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Debt
3 Months Ended
Jun. 30, 2011
Debt  
Long-term Debt [Text Block]

4.

Notes Payable

 

a)

As of June 30, 2011, the Company issued various notes payable totalling $34,600 (2010 - $34,600) to non-related parties. These amounts owing are unsecured, due at 10% per annum, and due on demand. As of June 30, 2011, accrued interest of $4,198 has been recorded in accrued liabilities.

 

b)

On September 28, 2010, the Company issued a demand note to a non-related party for $105,000 (2010 - $105,000). Under the terms of the note, the amount owing is unsecured, due interest of 10% per annum, and due on or before September 28, 2011. As of June 30, 2011, accrued interest of $7,998 has been recorded in accrued liabilities.

 

c)

In June 16, 2011, the Company issued a demand note to a non-related party for $10,000 (2010 - $nil).  Under the terms of the note, the amount owing is unsecured, due interest at 10% per annum, and due on demand.  As of June 30, 2011, accrued interest of $38 has been recorded in accrued liabilities.  Refer to Note 7.