Loans Payable

6 Months Ended

Jun. 30, 2013

Loans Payable {1}

Loans Payable

6.

Loans Payable

(a)

As at June 30, 2013, the Company has a loan payable of $24,499 (Cdn$25,767) which bears interest at the Bank of Canada prime rate plus 2% per annum, due on April 17, 2014, and is secured by a general security agreement.

(b)

As at June 30, 2013, the Company has a loan payable of $22,800 (Cdn$23,980) which bears interest at Bank of Canada prime rate plus 2% per annum, is unsecured, and due on May 28, 2014.

(c)

As at June 30, 2013, the Company has a loan payable of $9,508 (Cdn$10,000) which bears interest at the Bank of Canada prime rate plus 2% per annum, is unsecured, and due on December 7, 2014.