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Loan Payable
9 Months Ended
Apr. 30, 2017
Notes to Financial Statements  
Loan Payable

Note 6 – Loan Payable

 

In May 2016, the Company borrowed $50,000 from a lender. This unsecured note bears interest at 9% per annum and is due on demand. As of July 31, 2016, the outstanding principal balance was $50,000. This note was cancelled upon issuance of a new convertible note payable (See Note 7).