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v2.3.0.11
Related Party Disclosures
3 Months Ended
Jun. 30, 2011
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

6.         Related Party Transactions

 

Other than as disclosed elsewhere in these financial statements, the following amounts have been recorded as transactions with related parties:

 

a) Amounts due to related parties are as follows:



 

 

 

June 30,

2011

 

March 31,

2011

Loans payable to a director and officer of the company.  The loans are unsecured, do not have fixed terms of repayment, and bear interest at 8.33% to 11% (2008 - 8.33% to 11%).  It is expected that these loans will be repaid within the next 12 months.

 

 

78,133

 

 

30,242

 

 

 

 

 

 

 

Wages and bonus payable to a director and officer of the company.  This liability is unsecured, due on demand and non-interest bearing (2008 - nil%).

 

 

27,273

 

 

57,921

 

 

 

 

 

 

 

 

 

$

105,406

 

$

88,163

Less: Current portion

 

 

(105,406)

 

 

(88,163)

Long-term portion

 

$

-

 

$

-