Note 4. Related Party Transactions | (a) As at January 31, 2019, 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 January 31, 2019, accrued interest of $13,393 (2018 - $11,961) has been included in accounts payable and accrued liabilities. (b) As at January 31, 2019, the Company owes $170,609 (July 31, 2018 - $116,137) to a company controlled by the President of the Company, which is non-interest bearing, unsecured, and due on demand. (c) As at January 31, 2019, the Company owes $12,500 (July 31, 2018 - $nil) to a director of the Company, which is included in accounts payable and accrued liabilities. (d) As at January 31, 2019, the Company owes $12,500 (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 six months ended January 31, 2019, the Company incurred $15,000 (2018 - $7,500) in consulting fees to a company controlled by the President of the Company. (g) During the six months ended January 31, 2019, the Company incurred $12,500 (2018 - $nil) in consulting fees to the CTO. |