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Note 11 - Related Party Transactions
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
11.
Related party transactions:
 
The Company has a liability of
$33,000
(
2016
-
$nil
) to a company owned by a current director and officer
of the Company for payment of consulting fees of
$132,000
(
2016
-
$132,000
) by the current director and officer of the Company.
 
The Company has a liability of
$97
(
2016
-
$nil
) to a current director and officer of the Company for expenses incurred.
 
The Com
pany has a liability of
$3,982
(
2016
-
$2
) to a current director and officer of the Company for expenses incurred.
 
The Company has a liability of
$nil
(
2016
-
$nil
) to a company owned by a current director and officer of the Company for payment of consulti
ng fees of
$77,310
(
2016
-
$81,285
) by the current director and officer of the Company.
 
The Company has a liability of
$nil
(
2016
-
$nil
) to a company owned by a current director and officer of the Company for payment of consulting fees of
$90,000
(
2016
-
$90,000
) by the current director and officer of the Company.
 
The Company has a liability of
$nil
(
2016
-
$2
) to a company owned by a previous director of the Company for payment of consulting fees of
$nil
(
2016
-
$8,378
) by the previous director of the Com
pany.
 
The Company has a liability of
$1,000
(
2016
-
$500
), to independent directors of the Company for payment of consulting fees. During the year ended
December 31, 2017,
the Company paid
$5,500
(
2016
-
$6,000
) to the independent directors in director fee
s.
 
The Company has a liability of
$6,106
(
2016
-
$4,852
), to an officer of the Company for payment of consulting fees and expenses incurred of
$93,078
(
2016
-
$63,655
) by the officer of the Company.
 
The Company has promissory notes totaling
$600,235
(
2016
-
$400,811
), including interest, from shareholders holding more than
10%
of the Company. The interest on the notes are
2%
per annum, calculated and compounded annually and accrued.
 
During the year ended
December 31, 2017,
the directors and sharehold
ers holding more than
10%
of the Company's shares subscribed for
1,200,000
units totaling
CAD$540,000
(
$408,102
) in the private placement.
 
During the year ended
December 31, 2017,
the Company granted
125,000
(
2016
-
500,000
) options with an exercise price
of
CAD$0.54
(approximately
$0.42
) for both fiscal
2017
and fiscal
2016
per share to related parties. The Company expensed
$13,110
(
2016
-
$127,373
) in stock-based compensation for these options granted to related parties.
 
The Company has a receivable of $
2,630
(
2016
-
$nil
) from a company of which a current director of the Company is a director.
 
The related party transactions are in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established an
d agreed to by the related party.