XML 84 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related parties
6 Months Ended
May 31, 2013
Related parties [Text Block]

6       Related parties

Expenses to April 30, 2012 were funded by NovaGold and its subsidiaries. NovaGold is a company with directors in common. During the six months ended May 31, 2013, NovaGold and its subsidiaries provided management and office services totaling $153,000 to the Company, including rent and office expenses pursuant to a Services Agreement. The Services Agreement terminated on May 1, 2013.

During the six months ended May 31, 2013, the Company provided exploration and management services in the amount of $83,000 to NovaGold under the Services Agreement.

The Company had accounts receivable of $34,000 at May 31, 2013 due from NovaGold. The Company had payables of $61,000 at May 31, 2013 and $127,000 at November 30, 2012 due to NovaGold.