12. Loans Payable to Related Parties

		2018		2017

Travellers International Inc.	$	146,600	$	15,942
Directors		54,975		-
	$	201,575	$	15,942

Loan payable in the amount of $146,600 ($200,000 CAD) (2017-$15,942; $20,000 CAD), owing to Travellers and bearing interest at the rate of 12% per annum, is due on demand and unsecured. As at December 31, 2018, $13,110 ($17,885 CAD) (2017-$22,120; $27,750 CAD) in interest is included in accrued liabilities.

During the year, three directors each loaned the Company $18,325 ($25,000 CAD). The loans bear interest at the rate of 12% per annum, are due on demand and unsecured. As at December 31, 2018, $4,772 ($6,510 CAD) (December 31, 2017-$nil; $nil CAD) in interest is included in accrued liabilities.

During the year, $19,120 ($24,764 CAD) (2017-$15,056; $19,550 CAD) in interest was charged on the loans payable and any repaid loans during the year to related parties.