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RELATED PARTY LOAN
6 Months Ended
Jun. 30, 2011
RELATED PARTY LOAN [Abstract]  
RELATED PARTY LOAN

6.       RELATED PARTY LOAN

 

As at June 30, 2011, the related party loan represents a loan made to us by Mr. David J. Cutler, our sole officer, a director and majority shareholder. The loan is repayable on demand and at June 30, 2011, the principal balance owed was $37,550 with accrued interest of $564.

 

Interest is accrued on the loan at 8%.

 

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2010, we had no related party loan outstanding as at December 31, 2010.