Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions

Related Party Transactions

7.

Related Party Transactions

(a)

As at June 30, 2013, the Company was indebted to a former director of the Company in the amount of $516 (December 31, 2012 - $nil), which is non-interest bearing, unsecured, and due on demand.

(b)

As at June 30, 2013, the Company is indebted to a former director of the Company in the amount of $64,500 (December 31, 2012 – $nil). The loan bears interest at the Royal Bank of Canada prime interest rate plus 2% per annum, is unsecured, and is repayable on or before July 31, 2013.

(c)

During the six months period ended June 30, 2013, the Company incurred management fees of $18,212 (2012 - $nil) to the Chief Executive Officer of the Company.

(d)

During the six months period ended June 30, 2013, the Company incurred management fees of $18,211 (2012 - $nil) to the Chief Financial Officer of the Company.