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4. Related Party Transactions
6 Months Ended
Jun. 30, 2015
Notes  
4. Related Party Transactions

4.   RELATED PARTY TRANSACTIONS

 

An amount of $4,969 was accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2014.  An amount of $7,438 has been accrued for fees at June 30, 2015. These amounts are included in related party payable.

 

A total of $46,775 had been accrued for consultants and directors’ fees at December 31, 2014. For the six months ended June 30, 2015, the Company paid $1,000 of directors’ fees and accrued an additional $32,965 for services performed during the period, which is included in accounts payable. During the year ended December 31, 2014, a total of 1,650,000 common shares and 450,000 options to purchase common shares were issued to directors having a total fair value of $96,300, which brought the total consultants and directors’ fees recognized for the year ended December 31, 2014 to $143,075.