Crown Alliance Capital 10-K 15 Oct 13 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2013
Document and Entity Information
Entity Registrant Name	Crown Alliance Capital Ltd
Document Type	10-K
Document Period End Date	30-Jun-13
Amendment Flag	FALSE
Entity Central Index Key	1487439
Current Fiscal Year End Date	-24
Entity Common Stock, Shares Outstanding	212,703,620
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Entity Public Float	$0

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Jun. 30, 2013	Jun. 30, 2012
Current assets
Cash	$144,769	$22,830
Prepaid expenses	1,125,900
Total current assets	1,270,669	22,830
Long term assets
Premiums on life settlement policies	76,003	168,189
Investments in life settlement policies	615,451	119,176
Property and equipment (net)	9,754	17,784
Lease deposit	3,616	12,000
Total long term assets	704,824	317,149
Total assets	1,975,493	339,979
Current liabilities
Accounts payable	59,037	14,913
Accrued interest, related party	437	1,923
Notes payable, related party	95,000	45,000
Total current liabilities	154,474	61,836
Total liabilities	154,474	61,836
STOCKHOLDERS' EQUITY
Preferred stock value
Common stock value	212,705	205,448
Additional paid in capital	2,456,455	407,712
Share subscriptions received	23,775
Deficit accumulated during the development stage	871,916	335,017
Total stockholders' equity	1,821,019	278,143
Total liabilities and stockholders' equity	$1,975,493	$339,979

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Balance Sheet
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	212,703,620	205,446,480
Common stock, shares outstanding	212,703,620	205,446,480

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended		40 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Income Statement
Income	$452,923		$452,923
Cost of insurance contracts	83,715		83,715
Gross Profit	369,208		369,208
Expenses
Audit and accounting fees	28,436	22,108	67,914
Bank charges	2,356	1,054	3,940
Stock-based consulting fees	340,503		340,503
Consulting fees	72,709	12,000	84,709
Depreciation	8,529	2,413	10,942
Foreign exchange (gain) loss	51	199	247
Legal fees	48,879	54,448	141,737
Loss on disposal of property and equipment assets	6,279		6,279
Management fees	221,957	96,250	318,707
Marketing and promotion	41,580		44,080
Mineral property option costs		4,000	8,000
Mineral property exploration costs			2,500
Office expenses	17,953	3,261	27,820
Rent	64,991	51,897	116,888
Transfer and filing fees	25,085	7,485	37,124
Travel	24,985	1,583	26,568
Operating loss	-535,085	-256,698	-866,250
Interest expense	-1,814	-2,521	-5,666
Net income (loss)	($536,899)	($259,219)	($871,916)
Basic loss per share	$0	($0.01)
Fully diluted loss per share	$0	$0
Weighted average number of shares outstanding - basic	209,716,145	230,726,338
Weighted average number of shares outstanding - fully diluted	210,320,623	230,726,338

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common Stock	Additional Paid-in Capital	Share Subscriptions Received	Deficit Accumulated During the Exploration Stage	Total
Beginning Balance, amount at Mar. 03, 2010
Capital stock issued to founder for cash, shares	178,571,500
Capital stock issued to founder for cash, value	$178,572	($163,014)			$15,558
Cancel founder shares and investor shares w/o consideration, shares	-115,089,330
Cancel founder shares and investor shares w/o consideration, value	-115,089	-115,089
Capital stock issued for cash, net of commission, shares	138,392,885
Capital stock issued for cash, net of commission, value	138,393	-126,138			12,255
Shares issued for cash, shares	138,392,885
Shares issued for cash, value	138,393	-126,138			12,255
Net loss for the period				-7,077	-7,077
Ending Balance, amount at Jun. 30, 2010	201,876	-174,063		-7,077	20,736
Ending Balance, shares at Jun. 30, 2010	201,875,055
Accrued interest on related party promissory note		676			676
Net loss for the period				-68,721	-68,721
Ending Balance, amount at Jun. 30, 2011	201,876	-173,387		-75,798	-47,309
Beginning Balance, shares at Jun. 30, 2011	201,875,055
Accrued interest on related party promissory note		226			226
Sale of Subsidiary		61,027			61,027
Settlement of accounts payable by previous owner		23,418			23,418
Shares issued for cash, shares	89,285,750
Shares issued for cash, value	89,286	-44,286			45,000
Shares issued for cash, shares 2	3,571,425
Shares issued for cash, value 2	3,572	496,428			500,000
Cancellation of stock issuance for promissory note, shares	-89,285,750
Cancellation of stock issuance for promissory note, value	-89,286	44,286			-45,000
Net loss for the period				-259,219	-259,219
Ending Balance, amount at Jun. 30, 2012	205,448	407,712		-335,017	278,143
Ending Balance, shares at Jun. 30, 2012	205,446,480
Shares and units issued for cash, shares	5,257,140
Shares and units issued for cash, value	5,257	730,743			736,000
Shares issued for compensation, shares	2,000,000
Shares issued for compensation, value	2,000	1,318,000			1,320,000
Share subscriptions received during period			23,775		23,775
Net loss for the period				-536,899	-536,899
Ending Balance, amount at Jun. 30, 2013	$212,705	$2,456,455	$23,775	($871,916)	$1,821,019
Ending Balance, shares at Jun. 30, 2013	212,703,620

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		40 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Cash Flows Used in Operating Activities
Net loss	($536,899)	($259,219)	($871,916)
Adjustments to reconcile net loss to net cash used by operating activities:
Non cash interest expense - capital contribution		226	902
Interest expense,	1,814	2,295	4,764
Depreciation	8,529	2,413	10,942
Loss on disposal of property and equipment	6,279		6,279
Stock-based compensation	340,503		340,503
Changes in operating assets and liabilities:
Prepaid expenses	-146,403		-146,406
Lease deposit	8,384	-12,000	-3,616
Accrued interest, related party	-3,300		-3,300
Accounts payable	44,124	35,719	82,455
Net cash used in operating activities	-276,969	-230,566	-579,390
Cash Flows from Investing Activities
Purchase of life settlement policies and capitalized premiums	487,804	287,365	775,169
Recovery of capitalized premiums	83,715		83,715
Purchase of property and equipment	6,778	20,197	26,975
Net cash used in investing activities	-410,867	-307,562	-718,429
Cash Flows from Financing Activities
Proceeds from capital stock issued	736,000	500,000	1,263,813
Proceeds from share subscriptions received	23,775		23,775
Proceeds from notes payable, related party	95,000	55,000	200,000
Payments of notes payable, related party	45,000		45,000
Proceeds from notes payable	13,000		13,000
Payments of notes payable	13,000		13,000
Net cash provided by financing activities	809,775	555,000	1,442,588
Increase in cash during the period	121,939	16,872	144,769
Cash, beginning of the period	22,830	5,958
Cash, end of the period	144,769	22,830	144,769
Supplemental information
Interest paid in cash	3,299		3,299
Taxes paid in cash
Non-cash activities
Accounts payable settled in connection with sale of subsidiary		21,718	21,718
Pre-paid stock compensation	979,497		979,497
Accrued interest, related party settled in connection with sale of subsidiary		1,027	1,027
Notes payable, related party assumed with sale of subsidiary		60,000	60,000
Shares cancelled and note payable reissued		$45,000	$45,000

Nature_of_Operations_and_Abili

Nature of Operations and Ability to Continue as a Going Concern	12 Months Ended
	Jun. 30, 2013
Notes
Nature of Operations and Ability to Continue as a Going Concern	Note 1  Nature of Operations and Ability to Continue as a Going Concern
	The Company was incorporated in the state of Nevada, United States of America on March 4, 2010.  The Company was an exploration stage company and was formed for the purpose of acquiring exploration and development stage mineral properties.  The Company’s year-end is June 30.
	On June 4, 2010, the Company incorporated a wholly-owned subsidiary, KRC Exploration LLC (“KRC”) in the State of Nevada, United States of America (“USA”) for the purpose of mineral exploration in the USA.
	On August 31, 2011, the Company changed its business focus to the development of a portfolio of life settlement policies and sold KRC to the former president.
	On January 30, 2012, the Board of Directors approved a change in name from Kinetic Resources Corp. to Crown Alliance Capital Limited and a forward-split of its Common Stock on the basis of 17.85715 shares of Common Stock for one share of Common Stock held by shareholders of record at the close of business on February 10, 2012.
	On March 15, 2013, the Board of Directors approved a forward-split of its Common Stock on the basis of five shares of Common Stock for one share of Common Stock held by shareholders of record at the close of business on March 31, 2013.
	On March 20, 2013, the Board of Directors approved an increase in the number of authorized common shares of the Company from 90,000,000 to 450,000,000.
	All share and per share data has been retroactively adjusted to reflect the effect of the forward-splits.
	On March 15, 2012, the Company entered into its first contract to acquire life settlement policies.  The agreement is expected to close on October 31, 2013.
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year.
	Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.  The Company has yet to achieve profitable operations, has accumulated losses of $871,916 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.  The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.
	Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on acceptable terms, if at all.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2013
Notes
Summary of Significant Accounting Policies	Note 2  Summary of Significant Accounting Policies
	The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are stated in US dollars.  Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which may have been made using careful judgment. Actual results may vary from these estimates.
	The financial statements have, in management’s opinion, been properly prepared within the framework of the significant accounting policies summarized below:
	Principles of Consolidation
	These financial statements include the accounts of the Company and KRC until KRC was disposed of by sale to the former president on August 31, 2011.  Accordingly, the statements of operations and cash flows presented include the results of KRC from June 4, 2010 to August 31, 2011 and the balance sheets presented at June 30, 2013 and June 30, 2012 are solely that of Crown Alliance Capital Ltd.  All significant inter-company transactions and balances have been eliminated.
	Development Stage Company
	From inception through August 31, 2011, the Company was an exploration stage company.  On August 31, 2011, the Company changed business directions from acquiring exploration and development stage mineral properties to development of a portfolio of life settlement policies.  The Company is now a development stage company.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.
	Cash and cash equivalents
	The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.  There were no cash equivalents held at June 30, 2013 or June 30, 2012.
	Earnings per share
	In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,”  basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings per share consisted of the following:
			June 30,
			2013	2012
	Weighted-average common shares outstanding (used in the calculation of basic earnings per share)		209,716,145	230,726,338
	Potential dilution from stock options		604,478	-
	Weighted-average common and common equivalent shares (used in calculation of diluted earnings per share)		210,320,623	230,726,338
	Antidilutive stock options excluded from the calculation of diluted earnings per share		604,478	-
	Investments in Insurance Contracts
	The Company adopted FASB ASC Topic 325-30 “Investments in Insurance Contracts.” and accounts for life settlement contracts using the investment method.  Life settlement contracts will be initially recognized at the transaction price.  Any additional costs, such as premium paid, will be capitalized.  In accordance with ASC 230, “Statement of Cash Flows”, cash paid towards acquiring and maintaining life settlement policies will be treated as an investing outflow while the receipt of proceeds over the cash invested will be shown as an operating cash flow with return of investment and premiums shown as investing inflows.
	Stock-based Compensation
	The Company is required to record compensation expense, based on the fair value of the awards, for all awards granted after the date of the adoption.
	Foreign Currency Translation
	The Company’s functional currency is the United States dollar as substantially all of the Company’s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).
	Assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholder’s Equity, if applicable.  Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  Any exchange gains and losses are included in the Statement of Operations.
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
	Property and equipment
	Property and equipment is stated at the lower of cost or fair value.  Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets.  The cost of repairs and maintenance is charged to expense as incurred.  Expenditures for property betterments and renewals are capitalized.  Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected as other income (expense).
	The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of its office equipment or whether the remaining balance of office equipment should be evaluated for possible impairment.
	Depreciation has been charged using the following estimates of useful lives:
	Computer equipment	2 years straight line
	Office equipment and furnishings	3-5 years straight line
	Leasehold improvements	Over the remaining term of the lease
	Newly Adopted Accounting Policy
	Revenue Recognition
	The Company recognizes realized gains (revenue) from life settlement contracts upon one of the two following events:
	1)  Receipt of death notice or verified obituary of insured
	2)  Sale of policy and filing of change of ownership forms and receipt of payment
	The Company recognizes the difference between the death benefits and carrying values of the policy when an insured event has occurred and the Company determines that settlement and ultimate collection of the death benefits is realizable and reasonably assured. Revenue from a transaction must meet both criteria in order to be recognized.  In an event of a sale of a policy the Company recognizes gain or loss as the difference between the sale price and the carrying value of the policy on the date of the receipt of payment on such sale.
	Impairment of Long-lived Assets
	The carrying value of long-lived assets is evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable from the estimated undiscounted future cash flows expected to result from its use and eventual disposition. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows. No impairment was recognized in the years ended June 30, 2013 and 2012.
	Newly Issued Accounting Pronouncements
	The Company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

Property_and_equipment

Property and equipment	12 Months Ended
	Jun. 30, 2013
Notes
Property and equipment	Note 3  Property and equipment
	.	June 30,	June 30,
		2013	2012
	Cost
	Computer equipment	$3,618	$1,409
	Office equipment and furnishings	10,705	6,136
	Leasehold improvements	--	12,652
	Gross cost	14,323	20,197
	Accumulated depreciation	-4,569	-2,413
	Net book value	$9,754	$17,784
	As of June 30, 2013 and 2012 depreciation expense was $8,529 and $2,413, respectively.  Additionally, during the year ended June 30, 2013, the Company recognized a loss on the disposal of equipment related to lease hold improvements of $6,279.

Sale_of_Subsidiary

Sale of Subsidiary	12 Months Ended
	Jun. 30, 2013
Notes
Sale of Subsidiary	Note 4  Sale of Subsidiary
	On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the Agreement, the Company’s interest in KRC was transferred to the former President and the former president assumed all interests and liabilities of KRC amounting to $82,745 in exchange for the Company’s interest in KRC.
	The following table summarizes the identifiable assets and liabilities of KRC that were disposed of, the consideration received, and the loss of KRC for the period from July 1, 2011 to August 31, 2011.
	.	31-Aug-11
	Identifiable Assets and Liabilities
	Amount owed to Kinetic Resources Corp	$  (13,220)
	Net liabilities of KRC	-13,220
	Consideration Received
	Settlement of accounts payable, promissory notes, and accrued interest	61,027
	Assumption of Accounts payable	21,718
	Elimination of accumulated losses of KRC	13,220
		95,695
	Sale of subsidiary- related party	$  82,745
	Loss for the period from July 1, 2011 to August 31, 2011
	Mineral property option costs	$  4,000
	Subsequently, on November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 73,571,458 and 41,517,872, common shares, respectively, were returned to treasury and cancelled.

Financial_Instruments

Financial Instruments	12 Months Ended
	Jun. 30, 2013
Notes
Financial Instruments	Note 5  Financial Instruments
	Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.
	In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs.  The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:
	Level 1 - inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
	Level 2 - inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3 - inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.
	The carrying value of the Company’s financial assets and liabilities which consist of cash, accounts payable and accrued liabilities in management’s opinion approximate their fair value due to the short maturity of such instruments.  These financial assets and liabilities are valued using level 3 inputs, except for cash which is at level 1.  Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, exchange, or credit risks arising from these financial instruments.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2013
Notes
Related Party Transactions	Note 6  Related Party Transactions
	On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the agreement, the former President of the Company assumed $82,745 of accounts payable, related party notes payable and accrued interest. (Note 4)
	On October 3, 2011, the Company issued 89,285,750 common shares pursuant to a share subscription agreement at $0.0005 per share for total proceeds of $45,000.  Shares were issued to a company managed by our President.
	On January 26, 2012, the Company repurchased and cancelled 89,285,750 shares of its own stock and as consideration issued a $45,000 promissory note to a company managed by our President.  The promissory note is unsecured, bears interest at 10% per annum, and is due on or before January 26, 2013.  During the year ended June 30, 2013, the Company settled the note in the amount of $48,205 including accrued interest to settlement.  During the year ended June 30, 2013 the Company accrued $2,404 (year ended June 30, 2012 - $801) of interest expense in respect of this note payable.
	On February 8, 2012, the Company entered into an Employment Agreement with the President of the Company.  Pursuant to the agreement the President will receive a signing bonus of $25,000 and $180,000 per annum February 8, 2012 until February 8, 2013 (the initial term) for services rendered plus reimbursement of the Company’s expenses.
	The initial term shall be automatically renewed for up to 3 years successive years in consecutive one year periods. The agreement will continue in force unless either party gives notice of termination not more than 270 days and not less than 30 days prior to the then existing term of employment.
	The annual base compensation pursuant to the employment agreement is as follows:
	$180,000 until February 8, 2013;
	$200,000 until February 8, 2014;
	$255,000 until February 8, 2015;
	$255,000 per annum thereafter, - unless renewal terms are renegotiated
	The Agreement also allows in addition to the base salary noted above for bonus payments to be made as deemed reasonable at the time by the Board of Directors either as cash, or grants of stock options. On March 26, 2013, the Board of Directors approved a bonus to the president of $35,000.
	As of June 30, 2013, accounts payable and accrued liabilities includes $3,207 (June 30, 2012 - $3,750) in respect of unpaid management fees.  Management fees for the year ended June 30, 2013 includes $221,957 (year ended June 30, 2012 - $96,250) pursuant to this agreement.
	On June 18, 2013, the Company issued a promissory note for $95,000 and received $95,000 in exchange.  The promissory note is unsecured, bears interest at 14% per annum, and is due on or before July 18, 2013.  The Company accrued $437 (year ended June 30, 2012 - $nil) of interest expense in respect of this note payable.  The Company has amended the maturity date of the promissory note to an on demand note.

Prepaid_Expenses_Note

Prepaid Expenses Note	12 Months Ended
	Jun. 30, 2013
Notes
Prepaid Expenses Note	Note 7  Prepaid Expenses
	As of June 30, 2013 and 2012, prepaid expenses were $1,125,900 and $0, respectively.  Prepaid expenses consist of prepaid consulting fees related to two separate consultants and will be amortized over the life of each agreement ranging from six months to one year. Of the total prepaid expenses, $979,497 is attributable to prepaid stock-based compensation.

Capital_Stock

Capital Stock	12 Months Ended
	Jun. 30, 2013
Notes
Capital Stock	Note 8  Capital Stock
	The authorized common stock of the Company consists of 450,000,000 shares of common stock with par value of $0.001 and 10,000,000 shares of preferred stock with a par value of $0.001. As of June 30, 2013 the Company had 210,703,620 (June 30, 2012 - 205,446,480) common stock and zero (June 30, 2012 - zero) preferred stock outstanding.
	a)  Issued
	On June 1, 2010, the Company issued 178,571,500 common shares to the founder pursuant to share subscription agreement at $0.00087 for total proceeds of $15,558.
	On June 1, 2010, the Company issued 138,392,885 common shares pursuant to share subscription agreements at $0.00089 for total proceeds of $12,255.
	On October 3, 2011, the Company issued 89,285,750 common shares pursuant to a share subscription agreement at $0.045 per share for total proceeds of $45,000.
	On November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 73,571,460 and 41,517,870, common shares respectively, were returned to treasury and cancelled.
	Due to the fact that the shares under this agreement have been cancelled without the exchange of consideration to reduce the number of shares outstanding, the Company considered the change in capital structure from the cancellation agreement a reverse stock split.  In accordance with SAB Topic 4-C, the Company recorded the cancellation retrospectively as a reduction to the par value of common stock with a corresponding increase to additional paid-in capital.
	On January 26, 2012, the Company repurchased and cancelled 89,285,750 common shares of its own stock and in consideration issued a $45,000 promissory note (Note 6).
	On March 7, 2012, the Company issued 1,428,570 common shares pursuant to subscription agreements at $0.70 per share for total share proceeds of $200,000.
	On May 15, 2012, the Company issued 2,142,855 common shares pursuant to subscription agreements at $0.70 per share for total share proceeds of $300,000.
	In August 2012 the Company initiated a non-brokered private placement whereby the Company is offering up to 72,500,000 Stock Units at $0.14 per Unit.  Each Unit consists of one share of common stock of the Company and one warrant.  Each warrant may be exercised at $0.22 into one common stock of the Company for a period of 48 months subsequent to issuance.
	Pursuant to this non-brokered private placement the Company issued 650,000 units on August 8, 2012 and 250,000 units on August 28, 2012 for aggregate gross proceeds of $126,000.
	On August 29, 2012, the Company issued 607,140 common shares pursuant to subscription agreements at $0.14 per share for total share proceeds of $85,000.
	On September 12, 2012, the Company issued 1,525,000 common shares pursuant to subscription agreements at $0.14 per share for total share proceeds of $213,500.
	On October 16, 2012, the Company issued 475,000 common shares pursuant to subscription agreements at $0.14 per share for total share proceeds of $66,500.
	On November 2, 2012, the Company issued 1,750,000 common shares pursuant to subscription agreements at $0.14 per share for total share proceeds of $245,000.
	On May 14, 2013, the Company issued 2,000,000 common shares at $0.01 in accord with a share subscription required pursuant to a consultancy agreement for total proceeds of $2,000. Accounting rules require the shares to be recorded at their fair market valued of $1,320,000 ($0.66/share) as of the agreement date of which $979,497 is included in prepaid expenses.
	b)  Share Purchase Warrants
	A summary of changes in share purchase warrants for the years ended June 30, 2013 and 2012 is presented below:
	.	Year Ended June 30,
		2013				2012
		Number	Weighted			Number	Weighted
			Average				Average
			Exercise				Exercise
			Price				Price
	Balance, beginning of period	-	$	-		-	$	-
	Issued	900,000		0.22		-		-
	Exercised	-		-		-		-
	Balance, end of period	900,000	$	0.22		-	$	-
	As at June 30, 2013, share purchase warrants were outstanding for the purchase of common shares as follows:
	.				Number
	Number				Exercisable
	of		Exercise		at		Expiry
	Shares		Price		30-Jun-13		Date
	650,000		$0.22		650,000		8-Aug-16
	250,000		$0.22		250,000		28-Aug-16
	900,000				900,000

Share_Subscriptions_Received

Share Subscriptions Received	12 Months Ended
	Jun. 30, 2013
Notes
Share Subscriptions Received	Note 9  Share subscriptions received
	On May 31, 2013 the Company received $23,775 pursuant to a share subscription agreement to acquire 43,228 common shares at $0.55 per share.  The Company received Cdn$25,000 as subscription proceeds.

Income_Taxes_Note

Income Taxes Note	12 Months Ended
	Jun. 30, 2013
Notes
Income Taxes Note	Note 10  Income Taxes
	The following table presents income before taxes and income tax expense as well as the taxes charged to stockholders equity:
		Year Ended June 30,
		2013		2012
	Net loss before taxes	$	-536,899	$	-259,219
	Income tax expense charged to loss before taxes	$	-	$	-
	A reconciliation of the expected consolidated income tax expense, computed by applying a 35% U.S. Federal corporate income tax rate to income before taxes to income tax expense is as follows:
		Year Ended June 30,
		2013		2012
	Expected tax expense (recovery)	$	-197,915	$	-90,726
	Management fees		-		1,313
	Depreciation		2,715		574
	Meals & Entertainment		1,896		18
	Mining costs		-		1,400
	Share-based payments		112,176		-
	Loss on sale of equipment		2,198		-
	Change in valuation allowance		78,930		87,421
		$	-	$	-
	At June 30, 2013 and 2012, the Company had available a net-operating loss carry-forward for Federal tax purposes of approximately $516,200 and $319,255, respectively, which may be applied against future taxable income, if any, at various times through 2033. Certain significant changes in ownership of the Company may restrict the future utilization of these tax loss carry-forwards.
	The Company recognizes interest and penalties, if any, related to uncertain tax positions in general and administrative expenses.  No interest and penalties related to uncertain tax positions were accrued at June 30, 2013 and 2012.
	The tax years 2013, 2012, 2011 and 2010 remain open to examination by the major taxing jurisdictions in which the Company operates.  The Company expects no material changes to unrecognized tax positions within the next twelve months.

Commitment

Commitment	12 Months Ended
	Jun. 30, 2013
Notes
Commitment	Note 11  Commitment
	On March 16, 2013, the Company entered into a lease agreement for a term of two years commencing April 1, 2013.
	As of June 30, 2013, the Company’s commitment for annual minimum future lease payments under office rental agreements are as follows:
	.Fiscal 2014	$	22,800
	Fiscal 2015		18,000
		$	40,800
	On May 14, 2013, the Company entered into a Consultancy agreement with Cara Capital LLC. (“Caro”) which expires on November 14, 2013.  Pursuant to the agreement the Company receive consultancy services with respect to investor relations, sourcing financing and introducing the Company to investment managers and analysts.  As compensation for services rendered the Company will issue Caro 2,000,000 common shares with a fair value of $1,320,000 for proceeds of $2,000 which is being amortised over the period of the Contract.  Additionally, the Company will also pay a monthly retainer of $2,000 during the term of the agreement.  The contract can be terminated by either party upon delivery of 30 days written notice of termination.

Investment_in_Life_Settlement_

Investment in Life Settlement Policies	12 Months Ended
	Jun. 30, 2013
Notes
Investment in Life Settlement Policies	Note 12  Investment in Life Settlement Policies
	On March 15, 2012, the Company entered into its first contract to acquire four life settlement policies for the aggregate sum of $570,000, payable on or before April 23, 2012.  Pursuant to the agreement the Company is responsible for all premiums payable pursuant to the terms of the policies and are entitled to fifty percent of the death benefits of those policies not formally closed pursuant to the terms of the agreement.  ASC 325-30, Investments in Insurance Contracts, provides that a purchaser may elect to account for its investments in life settlement contracts based on the initial investment at the purchase price plus all initial direct costs. Continuing costs (e.g., policy premiums, statutory interest and direct external costs, if any) to keep the policy in force are capitalized. The Company has elected to use the investment method and refer to the recorded amount as the carrying value of the policies.
	On June 19, 2012, the Company acquired one of the four life settlement policies.  The face value of the policy is $500,000 with a remaining life expectancy of 2.50 years.  As of June 30, 2013, the carrying value of the policy is $153,375.
	On December 28, 2012, the Company acquired the second life settlement policy pursuant to the above agreement.  The face value of the policy is for $1,000,000 with a remaining life of 3.75 years.  As of June 30, 2013, the carrying value of the policy is $462,076.
	During January 2013, one life settlement policy which the Company had not formally acquired matured upon the death of the insured.  The Company received proceeds equal to one half of the net proceeds less acquisition costs paid by Universal Settlements International Inc. aggregating $452,923.  At Maturity the Company had capitalized into life settlement premiums paid an amount of $83,715 in respect of this policy.
	The Company evaluates the carrying value of their investment in life settlement policies on a regular basis and adjusts their total basis in the policies using new or updated information that affects their assumptions about remaining life expectancy, credit worthiness of the policy issuer, funds needed to maintain the asset until maturity, discount rates and potential return. The Company recognizes impairment on individual policies if the expected undiscounted cash flows are less than the carrying amount of the investment, plus anticipated undiscounted future premiums and capitalizable direct external costs, if any. Impairment of policies is generally caused by the insured significantly exceeding the estimate of the original life expectancy, which causes the original policy costs and projected future premiums to exceed the estimated maturity value. The Company does not believe the life settlement policies to be impaired as of June 30, 2013.
	Estimated premiums to be paid for each of the five succeeding fiscal years to keep all three policies in force as June 30, 2013, are as follows.
	.Year 1	$	256,200
	Year 2		256,200
	Year 3		222,000
	Year 4		54,000
	Year 5		54,000
	Total estimated premiums	$	842,400
	As of June 30, 2013, $76,003 of the policy premiums has been paid on the remaining policy and the premium payments have been capitalized in the financial statements.
	On April 27, 2012, the Company amended the original life settlement contract to extend the $570,000 payable due date to May 10, 2012, the contract was further amended on May 23, 2012 to extend the $570,000 payable due date to September 17, 2012, and on September 24, 2012, the contract was amended again to extend the $570,000 payable due date to October 17 2012.  On April 18, 2012 the contract was further amended to extend the contract due date for the remaining amount payable to June 28, 2013.
	As of June 30, 2013, the Company has paid a total of $325,000 towards the $445,000 payable and amended the contract to extend the due date for the remaining payable of $120,000 to October 31, 2013.

Subsequent_Events

Subsequent Events	12 Months Ended
	Jun. 30, 2013
Notes
Subsequent Events	Note 13  Subsequent Events
	On July 18, 2013, the Company amended the terms of the $95,000 promissory note to amend the principle maturity date of July 18, 2013 to due on demand.
	On September 6, 2013, we issued 43,228 shares of common stock in satisfaction of $23,775 of subscriptions payable.
	On September 30, 2013, the Company amended the original life settlement contract to extend the remaining $120,000 payable due date to October 31, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Principles of Consolidation	Principles of Consolidation
	These financial statements include the accounts of the Company and KRC until KRC was disposed of by sale to the former president on August 31, 2011.  Accordingly, the statements of operations and cash flows presented include the results of KRC from June 4, 2010 to August 31, 2011 and the balance sheets presented at June 30, 2013 and June 30, 2012 are solely that of Crown Alliance Capital Ltd.  All significant inter-company transactions and balances have been eliminated.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies: Development Stage Company (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Development Stage Company	Development Stage Company
	From inception through August 31, 2011, the Company was an exploration stage company.  On August 31, 2011, the Company changed business directions from acquiring exploration and development stage mineral properties to development of a portfolio of life settlement policies.  The Company is now a development stage company.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies: Cash and cash equivalents (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Cash and cash equivalents	Cash and cash equivalents
	The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.  There were no cash equivalents held at June 30, 2013 or June 30, 2012.

Summary_of_Significant_Account4

Summary of Significant Accounting Policies: Earnings per share (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Earnings per share	Earnings per share
	In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,”  basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings per share consisted of the following:
		June 30,
		2013	2012
	Weighted-average common shares outstanding (used in the calculation of basic earnings per share)	209,716,145	230,726,338
	Potential dilution from stock options	604,478	-
	Weighted-average common and common equivalent shares (used in calculation of diluted earnings per share)	210,320,623	230,726,338
	Antidilutive stock options excluded from the calculation of diluted earnings per share	604,478	-

Summary_of_Significant_Account5

Summary of Significant Accounting Policies: Investments in Insurance Contracts- (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Investments in Insurance Contracts-	Investments in Insurance Contracts
	The Company adopted FASB ASC Topic 325-30 “Investments in Insurance Contracts.” and accounts for life settlement contracts using the investment method.  Life settlement contracts will be initially recognized at the transaction price.  Any additional costs, such as premium paid, will be capitalized.  In accordance with ASC 230, “Statement of Cash Flows”, cash paid towards acquiring and maintaining life settlement policies will be treated as an investing outflow while the receipt of proceeds over the cash invested will be shown as an operating cash flow with return of investment and premiums shown as investing inflows.

Summary_of_Significant_Account6

Summary of Significant Accounting Policies: Stock-based Compensation Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Stock-based Compensation Policy	Stock-based Compensation
	The Company is required to record compensation expense, based on the fair value of the awards, for all awards granted after the date of the adoption.

Summary_of_Significant_Account7

Summary of Significant Accounting Policies: Foreign Currency Translation Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Foreign Currency Translation Policy	Foreign Currency Translation
	The Company’s functional currency is the United States dollar as substantially all of the Company’s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).
	Assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholder’s Equity, if applicable.  Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  Any exchange gains and losses are included in the Statement of Operations.

Summary_of_Significant_Account8

Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Income Taxes	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

Summary_of_Significant_Account9

Summary of Significant Accounting Policies: Property and equipment- (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Property and equipment-	Property and equipment
	Property and equipment is stated at the lower of cost or fair value.  Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets.  The cost of repairs and maintenance is charged to expense as incurred.  Expenditures for property betterments and renewals are capitalized.  Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected as other income (expense).
	The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of its office equipment or whether the remaining balance of office equipment should be evaluated for possible impairment.
	Depreciation has been charged using the following estimates of useful lives:
	Computer equipment	2 years straight line
	Office equipment and furnishings	3-5 years straight line
	Leasehold improvements	Over the remaining term of the lease

Recovered_Sheet1

Summary of Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Revenue Recognition	Revenue Recognition
	The Company recognizes realized gains (revenue) from life settlement contracts upon one of the two following events:
	1)  Receipt of death notice or verified obituary of insured
	2)  Sale of policy and filing of change of ownership forms and receipt of payment
	The Company recognizes the difference between the death benefits and carrying values of the policy when an insured event has occurred and the Company determines that settlement and ultimate collection of the death benefits is realizable and reasonably assured. Revenue from a transaction must meet both criteria in order to be recognized.  In an event of a sale of a policy the Company recognizes gain or loss as the difference between the sale price and the carrying value of the policy on the date of the receipt of payment on such sale.

Recovered_Sheet2

Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Impairment of Long-lived Assets	Impairment of Long-lived Assets
	The carrying value of long-lived assets is evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable from the estimated undiscounted future cash flows expected to result from its use and eventual disposition. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows. No impairment was recognized in the years ended June 30, 2013 and 2012.

Recovered_Sheet3

Summary of Significant Accounting Policies: Newly Issued Accounting Pronouncements (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Newly Issued Accounting Pronouncements	Newly Issued Accounting Pronouncements
	The Company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

Recovered_Sheet4

Summary of Significant Accounting Policies: Earnings per share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted
		June 30,
		2013	2012
	Weighted-average common shares outstanding (used in the calculation of basic earnings per share)	209,716,145	230,726,338
	Potential dilution from stock options	604,478	-
	Weighted-average common and common equivalent shares (used in calculation of diluted earnings per share)	210,320,623	230,726,338
	Antidilutive stock options excluded from the calculation of diluted earnings per share	604,478	-

Property_and_equipment_Propert

Property and equipment: Property and equipment assets (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Property and equipment assets
	.	June 30,	June 30,
		2013	2012
	Cost
	Computer equipment	$3,618	$1,409
	Office equipment and furnishings	10,705	6,136
	Leasehold improvements	--	12,652
	Gross cost	14,323	20,197
	Accumulated depreciation	-4,569	-2,413
	Net book value	$9,754	$17,784

Sale_of_Subsidiary_Identifiabl

Sale of Subsidiary: Identifiable assets, disposed (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Identifiable assets, disposed
	.	31-Aug-11
	Identifiable Assets and Liabilities
	Amount owed to Kinetic Resources Corp	$  (13,220)
	Net liabilities of KRC	-13,220
	Consideration Received
	Settlement of accounts payable, promissory notes, and accrued interest	61,027
	Assumption of Accounts payable	21,718
	Elimination of accumulated losses of KRC	13,220
		95,695
	Sale of subsidiary- related party	$  82,745
	Loss for the period from July 1, 2011 to August 31, 2011
	Mineral property option costs	$  4,000

Capital_Stock_Changes_in_share

Capital Stock: Changes in share purchase warrants (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Changes in share purchase warrants
	.	Year Ended June 30,
		2013			2012
		Number	Weighted		Number	Weighted
			Average			Average
			Exercise			Exercise
			Price			Price
	Balance, beginning of period	-	$	-	-	$	-
	Issued	900,000		0.22	-		-
	Exercised	-		-	-		-
	Balance, end of period	900,000	$	0.22	-	$	-

Capital_Stock_Share_purchase_w

Capital Stock: Share purchase warrants outstanding (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Share purchase warrants outstanding
	.		Number
	Number		Exercisable
	of	Exercise	at	Expiry
	Shares	Price	30-Jun-13	Date
	650,000	$0.22	650,000	8-Aug-16
	250,000	$0.22	250,000	28-Aug-16
	900,000		900,000

Income_Taxes_Note_Schedule_of_

Income Taxes Note: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)
		Year Ended June 30,
		2013		2012
	Net loss before taxes	$	-536,899	$	-259,219
	Income tax expense charged to loss before taxes	$	-	$	-

Income_Taxes_Note_Schedule_of_1

Income Taxes Note: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation
		Year Ended June 30,
		2013		2012
	Expected tax expense (recovery)	$	-197,915	$	-90,726
	Management fees		-		1,313
	Depreciation		2,715		574
	Meals & Entertainment		1,896		18
	Mining costs		-		1,400
	Share-based payments		112,176		-
	Loss on sale of equipment		2,198		-
	Change in valuation allowance		78,930		87,421
		$	-	$	-

Commitment_Annual_minimum_futu

Commitment: Annual minimum future lease payments (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Annual minimum future lease payments
	.Fiscal 2014	$	22,800
	Fiscal 2015		18,000
		$	40,800

Investment_in_Life_Settlement_1

Investment in Life Settlement Policies: Estimated premiums, life settlement policies (Tables)	12 Months Ended
	Jun. 30, 2013
Tables/Schedules
Estimated premiums, life settlement policies
	.Year 1	$	256,200
	Year 2		256,200
	Year 3		222,000
	Year 4		54,000
	Year 5		54,000
	Total estimated premiums	$	842,400

Nature_of_Operations_and_Abili1

Nature of Operations and Ability to Continue as a Going Concern (Details) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Details
Accumulated losses	$871,916	$335,017

Recovered_Sheet5

Summary of Significant Accounting Policies: Earnings per share: Schedule of Earnings Per Share, Basic and Diluted (Details)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Details
Weighted-average common shares outstanding (basic)	209,716,145	230,726,338
Potential dilution from stock options	604,478
Weighted-average common shares outstanding (diluted)	210,320,623	230,726,338
Antidilutive stock options excluded from the calculation	604,478

Property_and_equipment_Propert1

Property and equipment: Property and equipment assets (Details) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Property, Plant and Equipment, Gross	$14,323	$20,197
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	-4,569	-2,413
Property and equipment (net)	9,754	17,784
Computer Equipment
Property, Plant and Equipment, Gross	3,618	1,409
Office equipment and furnishings
Property, Plant and Equipment, Gross	10,705	6,136
Leaseholds and Leasehold Improvements
Property, Plant and Equipment, Gross		$12,652

Property_and_equipment_Details

Property and equipment (Details) (USD $)	12 Months Ended		40 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Details
Depreciation expense	$8,529	$2,413	$10,942
Loss on disposal of equipment	$6,279

Sale_of_Subsidiary_Identifiabl1

Sale of Subsidiary: Identifiable assets, disposed (Details) (USD $)	Aug. 31, 2012
Details
Amount owed to Kinetic Resources Corp	($13,220)
Settlement of accounts payable, promissory notes, and accrued interest	61,027
Assumption of Accounts payable	21,718
Elimination of accumulated losses	13,220
Total consideration received, sale of subsidiary	95,695
Sale of subsidiary, net	82,745
Mineral property option costs, loss from subsidiary during period	$4,000

Sale_of_Subsidiary_Details

Sale of Subsidiary (Details)	Nov. 11, 2011
Details
Common shares returned to treasury and cancelled, former president	73,571,458
Common shares returned to treasury and cancelled, former shareholders	41,517,872

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

12 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

Feb. 08, 2015

Feb. 08, 2014

Jun. 30, 2013

Feb. 08, 2013

Jun. 30, 2012

Mar. 26, 2013

Feb. 08, 2012

Jun. 30, 2013

Jun. 18, 2013

Aug. 31, 2011

Oct. 03, 2011

Mar. 31, 2013

Jun. 30, 2013

Jun. 30, 2012

Jan. 26, 2012

President

President

President

President

President

President

President

Affiliated Entity

Affiliated Entity

Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations

Share subscription agreement

Stock Cancellation Agreement

Stock Cancellation Agreement

Stock Cancellation Agreement

Stock Cancellation Agreement

Settlement of accounts payable, related party notes payable and accrued interest

$82,745

Common shares issued

89,285,750

Per share

$0.00

Total proceeds

45,000

Repurchased and cancelled shares

89,285,750

Promissory note

95,000

45,000

Promissory note settlement

48,205

Interest expense accrued

437

2,404

801

Employment Agreement, bonus

35,000

25,000

Employment Agreement, per annum

255,000

200,000

180,000

Accrued management fees (due)

3,207

3,750

Management Fees

$221,957

$96,250

Prepaid_Expenses_Note_Details

Prepaid Expenses Note (Details) (USD $)	Jun. 30, 2013
Details
Prepaid consulting fees	$1,125,900
Prepaid stock-based compensation attributable to prepaid expenses	$979,497

Capital_Stock_Details

Capital Stock (Details) (USD $)	Jun. 01, 2010	Jun. 01, 2010	Oct. 03, 2011	Nov. 11, 2011	Nov. 11, 2011	Mar. 15, 2012	Mar. 07, 2012	Aug. 31, 2012	Aug. 28, 2012	Aug. 08, 2012	Nov. 02, 2012	Oct. 16, 2012	Sep. 12, 2012	Aug. 29, 2012	14-May-13
	Subscription agreement at $0.00087	Subscription agreements at $0.00089	Subscription agreement at $0.045	Stock cancellation agreement with President	Stock cancellation agreement with Shareholders	Subscription agreements at $0.70	Subscription agreements at $0.70	Non-brokered private placement	Non-brokered private placement	Non-brokered private placement	Subscription agreements at $0.14	Subscription agreements at $0.14	Subscription agreements at $0.14	Subscription agreements at $0.14	Share subscription pursuant to a consultancy agreement
Common shares issued	178,571,500	138,392,885	89,285,750			2,142,855	1,428,570				1,750,000	475,000	1,525,000	607,140	2,000,000
Total proceeds	$15,558	$12,255	$45,000			$300,000	$200,000				$245,000	$66,500	$213,500	$85,000	$2,000
Repurchased and cancelled shares				73,571,460	41,517,870
Stock units authorized for issuance								72,500,000
Price per Stock Unit								$0.14
Stock Unit description								Each Unit consists of one share of common stock of the Company and one warrant. Each warrant may be exercised at $0.22 into one common stock of the Company for a period of 48 months subsequent to issuance.
Stock Units issued									250,000	650,000
Proceeds from issuance of Stock Units								126,000
Fair market value															$1,320,000

Capital_Stock_Changes_in_share1

Capital Stock: Changes in share purchase warrants (Details) (USD $)	12 Months Ended
	Jun. 30, 2013
Details
Share purchase warrants issued	900,000
Weighted average exercise price, warrants	$0.22
Share purchase warrants outstanding	900,000

Share_Subscriptions_Received_D

Share Subscriptions Received (Details) (USD $)	31-May-13
Details
Proceeds from share subscription	$23,775
Shares issued pursuant to share subscription	43,228

Income_Taxes_Note_Schedule_of_2

Income Taxes Note: Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Details
Net loss before taxes	($536,899)	($259,219)

Income_Taxes_Note_Schedule_of_3

Income Taxes Note: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Change in valuation allowance	$78,930	$87,421
Expected tax expense (recovery)
Current Federal Tax Expense (Benefit)	-197,915	-90,726
Management fees income tax expense
Current Federal Tax Expense (Benefit)		1,313
Depreciation, income tax expense
Current Federal Tax Expense (Benefit)	2,715	574
Meals & Entertainment, income tax expense
Current Federal Tax Expense (Benefit)	1,896	18
Mining costs, income tax expense
Current Federal Tax Expense (Benefit)		1,400
Share-based payments, income tax expense
Current Federal Tax Expense (Benefit)	112,176
Loss on sale of equipment, income tax expense
Current Federal Tax Expense (Benefit)	$2,198

Income_Taxes_Note_Details

Income Taxes Note (Details) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Details
Net-operating loss carry-forward	$516,200	$319,255

Commitment_Annual_minimum_futu1

Commitment: Annual minimum future lease payments (Details) (USD $)	Jun. 30, 2013
Details
Annual minimum future lease payments (fiscal 2013)	$22,800
Annual minimum future lease payments (fiscal 2014)	18,000
Annual minimum future lease payments (total)	$40,800

Commitment_Details

Commitment (Details) (Consultancy agreement with Cara Capital LLC, USD $)	14-May-13
Consultancy agreement with Cara Capital LLC
Common shares issued	2,000,000
Fair market value	$1,320,000
Total proceeds	2,000
Monthly retainer	$2,000

Investment_in_Life_Settlement_2

Investment in Life Settlement Policies (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jan. 31, 2013	Dec. 28, 2012	Jun. 19, 2012	Mar. 15, 2012
Details
Contract to acquire four life settlement policies					$570,000
Life settlement policy one acquired, face value				500,000
Life settlement policy one acquired, remaining life expectancy				2.5
Life settlement policy one acquired, carrying value	153,375
Life settlement policy two acquired, face value			1,000,000
Life settlement policy two acquired, remaining life expectancy			3.75
Life settlement policy two acquired, carrying value	462,076
Life settlement policy matured, proceeds		452,923
Policy premiums paid	76,003
Amount of life settlement paid	$325,000

Investment_in_Life_Settlement_3

Investment in Life Settlement Policies: Estimated premiums, life settlement policies (Details) (USD $)	Jun. 30, 2013
Details
Estimated premiums to be paid (Year 1)	$256,200
Estimated premiums to be paid (Year 2)	256,200
Estimated premiums to be paid (Year 3)	222,000
Estimated premiums to be paid (Year 4)	54,000
Estimated premiums to be paid (Year 5)	54,000
Estimated premiums to be paid (Total)	$842,400

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	31-May-13	Sep. 06, 2013
		Subsequent Event
Shares issued pursuant to share subscription	43,228	43,228
Proceeds from share subscription	$23,775	$23,775