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5. Due to Related Party
12 Months Ended
Jul. 31, 2017
Related Party Transactions [Abstract]  
DUE TO RELATED PARTY

Due to related party

 

On August 21, 2015, the Company assumed $101,095 loans provided by the former Chief Executive Officer (“CEO”) and shareholder of the Company through the share exchange transaction. During the period ended July 31, 2016, the former CEO advanced $16,822 to the Company and the Company repaid $57,917 to the former CEO. In addition, pursuant to an employee agreement effective on March 1, 2014, the Company was obligated to pay $10,000 per month to the former CEO for management services until January 31, 2016. Accordingly, $60,000 management fees for the period during August 1, 2015 to January 31, 2016, were accrued as amount due to related parties. As at July 31, 2016, the Company owed $120,000 to the former CEO and shareholder. During the year ended July 31, 2017, Debt of $120,000 was converted into shares of common stock, at a price per share of $0.047, for an aggregate number of 2,553,191 shares. As of July 31, 2017, and 2016, the Company owed $0 and $120,000 to the former CEO and shareholder.

 

During the year ended July 31, 2017, the Company had a change of control, pursuant to which former shareholders paid $118,640 for outstanding accounts payable. The $118,640 was immediately forgiven and recorded as contributed capital pursuant conditions of the change of control.

 

During the year ended July 31, 2016, a shareholder of the Company made vendor payments of $11,824 directly on behalf of the Company. During the year ended July 31, 2017, debt of $11,824 was forgiven and the Company recorded the debt forgiveness as additional paid in capital. As of July 31, 2017 and 2016, the Company owed $0 and $11,824 to a shareholder of the Company. This loan is non-interest bearing and due on demand.

 

As of July 31, 2017 and 2016, related parties were owed $0 and $131,824, respectively.