RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2014

RELATED PARTY TRANSACTIONS [Text Block]

NOTE 7: RELATED PARTY TRANSACTIONS

During the three and nine months ended April 30, 2014, the Company had transactions with certain officers and directors of the Company as follows:

• incurred $37,176 and $110,815 (three and nine months ended April 30, 2013: $42,409 and $126,323) in general and administrative costs paid to a company controlled by a direct family member of a director and officer; and

• incurred $9,000 and $27,000 (three and nine months ended April 30, 2013: $9,000 and $27,000) in consulting fees paid to a company controlled by a director of the Company.

At April 30, 2014, amounts due to related parties totaled $8,703 (July 31, 2013: $9,571). These amounts are unsecured, non-interest bearing and due on demand.