XML 24 R10.htm IDEA: XBRL DOCUMENT v3.3.1.900
Related Party Transactions Disclosure
12 Months Ended
Oct. 31, 2015
Notes  
Related Party Transactions Disclosure

NOTE 4 - RELATED PARTY TRANSACTIONS

 

During the year ended October 31, 2015 and 2014, the Company incurred the following transactions with related parties:

 

 

Year Ended October 31,

 

2015

 

2014

Value of shares issued for development of the Vgrab Software Application (Note 3)

$

4,275,000

 

$

--

Consulting and software development costs incurred to the companies controlled by a significant shareholder

 

179,962

 

 

--

Mineral exploration and management fees incurred to a director

 

--

 

 

4,127

Management fees incurred to a former Chief Executive Officer

 

--

 

 

8,253

Management fees incurred to a former Chief Financial Officer

 

--

 

 

2,293

Management fees incurred to a director and former Chief Executive and Financial Officer

 

--

 

 

2,685

Total transactions with related parties

$

4,454,962

 

$

17,358

 

At October 31, 2015, the Company owed $186,761 (2014 - $7,844) to related parties. The amounts bear no interest, are unsecured and due on demand.