Related Party Transactions and Balances

12 Months Ended

Dec. 31, 2019

9. Related Party Transactions and Balances

The following transactions with related parties were in the normal course of operations and were measured at the exchange value which represented the amount of consideration established and agreed to by the parties.

Refer to Notes 8(b) and 8(d) for the disclosure of stock-based compensation to the CEO and CFO of the Company.

Receivable from Related Parties:

	December 31, 2019	December 31, 2018
Receivable from Benedetto Fuschino (i),(ii)	$ 10,698	$ 10,698
Receivable from Sabine Frisch for stock to be issued, Sabine Frisch is the wife of Scott Keevil a stockholder and consultant to the Company.(ii)	19,000	19,000
Receivable from related parties	$ 29,698	$ 29,698

(i)

Refer to Note 5 which shows $280,892 owed to Benedetto Fuschino and a company controlled by him; there is no intention to net settle.

(ii)

These amounts were non-interest bearing, unsecured and had no terms of repayment.