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Shareholder Loans
12 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Shareholder Loans

The Company has received advances from a shareholder to help fund operations. The balance of the shareholder loans was $12,590 and $12,590 as of June 30, 2014 and June 30, 2013, respectively. The loans are unsecured, non-interest bearing and have no specific terms of repayment.

 

All shares holder loans are released and forgiven upon the merger with iWallet subsequent to year end.