Related Party Transactions

6 Months Ended

Sep. 30, 2016

8.	Related Party Transactions

(a)

As at September 30, 2016, the Company was owed $38,077 (March 31, 2016 - $38,506) from a company controlled by a shareholder of the Company who has a significant influence on the Company's operations. The amounts owed are unsecured, non-interest bearing, and due on demand.

(b)

As at September 30, 2016, the Company was owed $11,257 (March 31, 2016 – $11,257) from a director of the Company. The amount owing is unsecured, non-interest bearing, and due on demand.

(c)

As at September 30, 2016, the Company was owed $nil (March 31, 2016 - $984) from a shareholder of the Company who has a significant influence in the Company's operations. The amount owing is unsecured, non-interest bearing, and due on demand.

(d)

As at September 30, 2016, the Company owed $4,383,768 (March 31, 2016 – $4,862,555) to a company controlled by a shareholder of the Company who has a significant influence on the Company's operations. The amounts owing are unsecured, non-interest bearing, and due on demand. On July 20, 2015, the Company entered into a conversion agreement with this company, whereby up to $1,000,000 in outstanding amounts may be converted at a rate of $0.70 per share for a 12 month period between July 20, 2016 and July 20, 2017. The Company determined that the convertible debt contained no embedded beneficial conversion feature as the conversion price was the same as the fair market value of the Company’s common stock on the date of issuance.

(e)

As at September 30, 2016, the Company owed $1,692 (March 31, 2016 – $38,430) to a shareholder of the Company who has a significant influence on the Company's operations. Of this amount, $nil (March 31, 2016 - $20,765) is unsecured, bears interest at the US Bank Prime Rate plus 4%, and due on demand. The remainder of the amount owing is unsecured, non-interest bearing, and due on demand.

(f)

As at September 30, 2016, the Company owed $103,719 (March 31, 2016 – $124,264) to directors of the Company, of which $13,015 (March 31, 2016 - $nil) was recorded in accounts payable and accrued liabilities. The amounts owing are unsecured, non-interest bearing, and due on demand.

(g)

During the six months ended September 30, 2016, the Company incurred $120,000 (2015 – $120,000) in consulting fees to a company controlled by a shareholder of the Company who has a significant influence on the Company's operations.

(h)

During the six months ended September 30, 2016, the Company incurred $120,840 (2015 – $3,063) in consulting fees to companies controlled by directors of the Company.

(i)

During the six months ended September 30, 2016, the Company incurred $nil (2015 - $2,361) in consulting fees to a director of the Company.