DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2014

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS [Text Block]

NOTE 7: DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS

During the three months ended October 31, 2014, the Company incurred $39,134 (three months ended October 31, 2013: $37,403) in general and administrative costs paid to a company controlled by a direct family member of a director and officer. In addition, the Company issued 15,000 restricted shares with a fair value of $18,150 for the services received.

During the three months ended October 31, 2013, the Company incurred $9,000 in consulting fees paid to a company controlled by a former director of the Company.

At October 31, 2014, amounts owed to related parties totaled $5,545 (July 31, 2014: $11,234). These amounts are unsecured, non-interest bearing and due on demand.