Related Party Transactions

9 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

15. Related Party Transactions

(a) At December 31, 2023, the Company owed $1,774,782 (March 31, 2023 – $213,020) to companies controlled by a director and officer of the Company. The amounts owing are unsecured, non-interest bearing, and payable over a 24 month period.

(b) During the three and nine months ended December 31, 2023, the Company incurred $8,172 (2022 – $26,218) and $38,147 (2022 – $112,180) in commissions to companies controlled by a director of the Company.

(c) During the three and nine months ended December 31, 2023, the Company incurred $4,526,794 (2022– $168,500) and $8,673,724 (2022– $495,500) in consulting fees and bonus to a director, or companies controlled by a director of the Company. This includes $8,039,358 (2022 - $nil) bonus paid to a director of the Company.