Debt settlements

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Debt settlements

6. Debt settlements

On December 31, 2016, the Company issued 1,486,101 common shares in exchange for the cancellation of $51,996 in vendor debt. The fair value of the 1,486,101 common shares was $89,166, which resulted in a loss on settlement of debt of $37,170.