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6. Related Party Transactions
9 Months Ended
Jun. 30, 2017
Notes  
6. Related Party Transactions

6.     Related Party Transactions

 

(a)   As of June 30, 2017, the Company owes $120,146 (September 30, 2016 - $81,650) to the former Chief Executive Officer and Director of the Company for advances to the Company to fund day-to-day operations. The amounts owing are unsecured, non-interest bearing, and due on demand.

 

(b) As of June 30, 2017, the Company owes $85,500 (September 30, 2016 - $33,000) to the former Chief Executive Officer and Director of the Company for advances to the Company to fund day-to-day operations and accrued management fees. The amounts owing are unsecured, non-interest bearing, and due on demand. During the three and nine months ended June 30, 2017, the Company accrued $nil (2016 - $nil) and $60,000 (2016 - $nil) of management fees respectively. In October 2016, the Company paid $7,500 to the former Chief Executive Officer of the Company.

 

(c)   As of June 30, 2017, the Company owes $17,500 (September 30, 2016 - $25,000) to directors of the Company for accrued management fees. The amounts owing are unsecured, non-interest bearing, and due on demand. In October 2016, the Company repaid $7,500 to the directors of the Company.

 

(d) As of June 30, 2017, the Company owes $100 (September 30, 2016 - $nil) to the Secretary and director of the Company for cash advance for the Company’s new bank account. The amounts owing are unsecured, non-interest bearing, and due on demand.