Significant Transactions with Related Parties

6 Months Ended

Mar. 31, 2020

Related Party Transactions [Abstract]

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Accounts payable – related parties were $6,218 as of March 31, 2020 (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 March 31, 2020, officers, directors, their families, and their controlled entities have acquired 53.96% of the Company’s outstanding common capital stock.

The Company incurred expenses $67,581 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 March 31, 2020 (March 31, 2019 - $67,941).