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EXCEL - IDEA: XBRL DOCUMENT - SILVER STREAM MINING CORP.Financial_Report.xls
10-K - ANNUAL REPORT FOR FISCAL PERIOD ENDED AUGUST 31, 2012 - SILVER STREAM MINING CORP.wsindustries10k2012.htm
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EX-31.1 - CEO AND CFO SOX 302 CERTIFICATE - SILVER STREAM MINING CORP.exhibit311.htm
EX-32.1 - CEO AND CFO SOX 906 CERTIFICATE - SILVER STREAM MINING CORP.exhibit321.htm
v2.4.0.6
Commitment
12 Months Ended
Aug. 31, 2012
Commitment  
Commitment

Note 7

Commitment

 

On March 1, 2008 the Company entered into a Management Agreement whereby the Company is obligated to pay $7,500 per month in return for various management services.  The agreement has no fixed term; however, accrued fees incur interest at a rate of 15% per annum whereby interest is compounded quarterly. During the year ended August 31, 2012 in connection with this agreement the Company has incurred $90,000 (2011 - $90,000) in management fees and accrued $61,168 (2011 - $40,469) in interest during the year.

 

During the year ended August 31, 2011 a portion of the balance of unpaid management fees and accrued interest $288,670 was settled by issuing a convertible promissory note as described in Note 8.