Note 4. Related Party Transactions | (a) As at October 31, 2018, the Company owes $56,824 (July 31, 2018 - $56,824) to a former director of the Company which bears interest at 5% per annum, is unsecured, and is due on demand. In the event of default, the holder may convert the unpaid amount of principal and accrued interest at a price of $0.003 per share of the Company’s common stock. As at July 31, 2018, accrued interest of $12,677 (2017 - $11,961) has been included in accounts payable and accrued liabilities. (b) As at October 31, 2018, the Company owes $26,212 (Cdn$34,119) (July 31, 2018 - $26,212 (Cdn$34,119)) and $114,925 (July 31, 2018 - $89,925) to a company controlled by the President of the Company, which is non-interest bearing, unsecured, and due on demand. (c) As at October 31, 2018, the Company owes $5,000 (July 31, 2018 - $nil) to a director of the Company, which is included in accounts payable and accrued liabilities. (d) As at October 31, 2018, the Company owes $7,500 (July 31, 2018 - $nil) to the Chief Technology Officer (“CTO”) of the Company, which is included in accounts payable and accrued liabilities. (e) During the three months ended October 31, 2018, the Company incurred $7,500 (2017 - $7,500) in consulting fees to a company controlled by the President of the Company. (f) During the three months ended October 31, 2018, the Company incurred $5,000 (2017 - $nil) in consulting fees to a director of the Company. (g) During the three months ended October 31, 2018, the Company incurred $7,500 (2017 - $nil) in consulting fees to the CTO. |