Significant Transactions with Related Parties

3 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Accounts payable – related parties were $2,550 as of December 31, 2018 (September 30, 2018 - $Nil) for expenses to be reimbursed to directors. This amount is unsecured, non-interest bearing, and has no fixed terms of repayment.

Subscriptions receivable – related parties was $Nil as of December 31, 2018 (September 30, 2018 - $15,000) for the amount owed to the Company from one director for the exercise of his stock options.

As of December 31, 2018, officers, directors, their families, and their controlled entities have acquired 53.96% of the Company’s outstanding common capital stock. This percentage does not include unexercised warrants or stock options.

The Company incurred expenses $34,088 to one related party, Concorde Consulting, and entity controlled by a director, for professional fees and consulting services provided to the Company during the period ended December 31, 2018 (December 31, 2017 - $35,402). These amounts were fully paid as of December 31, 2018.