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EXCEL - IDEA: XBRL DOCUMENT - CORECOMM SOLUTIONS INC.Financial_Report.xls
10-K - FORM 10-K - CORECOMM SOLUTIONS INC.venzagold_10k-103112.htm
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EX-32 - EXHIBIT 32 - CORECOMM SOLUTIONS INC.ex32.htm
EX-31.2 - EXHIBIT 31.2 - CORECOMM SOLUTIONS INC.ex31-2.htm
EX-16.1 - EXHIBIT 16.1 - CORECOMM SOLUTIONS INC.ex16-1.htm
EX-31.1 - EXHIBIT 31.1 - CORECOMM SOLUTIONS INC.ex31-1.htm
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EX-99.1 - EXHIBIT 99.1 - CORECOMM SOLUTIONS INC.ex99-1.htm
v2.4.0.6
Note 3 - Note Receivable
12 Months Ended
Oct. 31, 2012
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
NOTE 3 – NOTES RECEIVABLE

During the year ended October 31, 2010, the Company loaned $74,000 to an unrelated party through a series of promissory notes. The notes were unsecured, bore interest at 5% per annum and were due one year from the date of issuance.

During the year ended October 31, 2011, the Company loaned $121,000 to an unrelated party through a series of promissory notes. The notes were unsecured, bore interest at 5% per annum and were due one year from the date of issuance. As at October 31, 2011, the total notes receivable, including accrued interest of $15,038, was $210,038.

The fair value of the notes was determined to be $191,858 at October 31, 2011 using an effective interest rate of 15%. During the year ended October 31, 2011, interest income of $24,038 was recognized.

During the year ended October 31, 2012, the Company collected all the promissory notes including accrued interest. During the year ended October 31, 2012, interest income of $18,180 was recognized.