Significant Transactions with Related Parties

3 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Accounts payable – related parties were $Nil as of December 31, 2019 (September 30, 2019 - $1,375) for expenses to be reimbursed to directors. This amount is unsecured, non-interest bearing, and has no fixed terms of repayment.

As of December 31, 2019, officers, directors, their families, and their controlled entities have acquired 53.96% of the Company's outstanding common capital stock.

The Company incurred expenses $34,092 to one related party, Concorde Consulting, an entity controlled by a director, for professional fees and consulting services provided to the Company during the period ended December 31, 2019 (December 31, 2018 - $34,088). These amounts were fully paid as of December 31, 2019.