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RELATED PARTY TRANSACTIONS AND BALANCES
 12 Months Ended
Jan. 31, 2019
Notes to Financial Statements  
11. RELATED PARTY TRANSACTIONS AND BALANCES

Related party transactions are measured at the estimated fair values of the services provided or goods received. Related party transactions not disclosed elsewhere in these financial consolidated statements are as follows:

 

  a) Key management personnel
     
    The Company has identified its directors and certain senior officers of the Company, who have the authority and responsibility for planning, directing and controlling the activities of the Company, as key management personnel. The remuneration of directors and officers for the years ended was as follows:

  

    2019     2018     2017  
                   
Salaries, bonuses, fees and benefits                  
 Members of the Board of Directors   $ 124,500     $ 191,575     $ 72,019  
 Other members of key management     37,801       55,071       34,581  
                         
Share-based payments                        
 Members of the Board of Directors     219,248       400,000       -  
 Other members of key management     32,480       72,000       -  
    $ 414,029     $ 718,646     $ 106,600  

  

  b) Amounts due to/from relates parties
     
    In the normal course of operations the Company transacts with companies with directors or officers in common.
     
    The following amounts are payable to related parties:

  

   

January 31,

2019

    

January 31,

2018

  
Directors     11,250       29,250  
Oniva International Services Corp.     20,217       10,615  
Sampson Engineering Inc.     -       -  
Intermark Capital Corp.     -       -  
    $ 31,467     $ 39,865  

 

    The amounts included above are unsecured, non-interest bearing with no fixed terms of repayment.
     
  c) Other related party transactions
     
    The Company has a cost-sharing agreement to reimburse Oniva International Services Corp. (“Oniva”), as described in Note 12. The transactions with Oniva during the year are summarized below:

  

    2019     2018     2017  
Salaries and benefits   $ 118,361     $ 105,344     $ 91,346  
Office and miscellaneous     77,443       66,663       38,260  
                         
    $ 195,804     $ 172,007     $ 129,606  

 

    Salaries and benefits above includes $37,801 (2018 – $35,071; 2017 – $34,581) for key management personnel compensation that has been included in Note 11(a).