NOTES PAYABLE	6 Months Ended
Jul. 31, 2016
NOTES PAYABLE
NOTES PAYABLE	7. NOTES PAYABLE In November 2014, the Company received $5,000 by way of an unsecured short-term loan from a non-related party for a term of nine months at 10% interest due upon repayment. The note payable and accrued interest was scheduled to be repaid on May 21, 2015. The Company was successful in obtaining an extension until December 31, 2015 upon making an interim renewal payment of $400. As of July 31, 2016, we are in default under the loan agreement. The Company entered into a stock transfer agency agreement dated November 19, 2014 with Pacific Stock Transfer. As part of the agreement, amounts owed to the Company’s previous stock transfer agent of $7,430 were paid by Pacific Stock Transfer, of which $2,189 is to be repaid to Pacific Stock Transfer by the Company in installments of $250 per month beginning on January 3, 2015. Accordingly we also recognized a $5,242 gain on the settlement of the $7,430 balance of accounts payable by assuming a loan of $2,189. Interest at 5% per annum accrues on the unpaid balance of the loan for each month. As of July 31, 2016, we are in default under this loan agreement. However, in August we renegotiated the terms for this loan and are no longer in default. (See subsequent events). The Company had executed four short-term lending arrangements with a non-related party. The effective dates of the loans are May 1, 2015, June 22, 2015, June 27, 2015 and September 22, 2015. The loan amounts are $25,000, $3,000, $2,700 and $1,950, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4 through January 31, 2016. The repayment date had been extended through to July 31, 2016 for the $25,000 loan. The other outstanding notes were extended to January 31, 2017 (See subsequent events). The note for $25,000 was sold in June after adding an allowance to facilitate a conversion to 2,500,000 free trading shares on May 27^th. The Directors agreed to approve the conversion of the note at $.01 (at a discount of $.006 creating a BCF of $15,000) and thereby extinguishing the debt upon the sale. One of the Trader agreements included monthly compensation and to this end, part of the fees were paid in cash and then part of the fees were offset with a non convertible note for $7,000 that is payable on or before June of 2017.

NOTES PAYABLE

6 Months Ended

Jul. 31, 2016

7. NOTES PAYABLE

In November 2014, the Company received $5,000 by way of an unsecured short-term loan from a non-related party for a term of nine months at 10% interest due upon repayment. The note payable and accrued interest was scheduled to be repaid on May 21, 2015. The Company was successful in obtaining an extension until December 31, 2015 upon making an interim renewal payment of $400. As of July 31, 2016, we are in default under the loan agreement.

The Company entered into a stock transfer agency agreement dated November 19, 2014 with Pacific Stock Transfer. As part of the agreement, amounts owed to the Company’s previous stock transfer agent of $7,430 were paid by Pacific Stock Transfer, of which $2,189 is to be repaid to Pacific Stock Transfer by the Company in installments of $250 per month beginning on January 3, 2015. Accordingly we also recognized a $5,242 gain on the settlement of the $7,430 balance of accounts payable by assuming a loan of $2,189. Interest at 5% per annum accrues on the unpaid balance of the loan for each month. As of July 31, 2016, we are in default under this loan agreement. However, in August we renegotiated the terms for this loan and are no longer in default. (See subsequent events).

The Company had executed four short-term lending arrangements with a non-related party. The effective dates of the loans are May 1, 2015, June 22, 2015, June 27, 2015 and September 22, 2015. The loan amounts are $25,000, $3,000, $2,700 and $1,950, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4 through January 31, 2016. The repayment date had been extended through to July 31, 2016 for the $25,000 loan. The other outstanding notes were extended to January 31, 2017 (See subsequent events). The note for $25,000 was sold in June after adding an allowance to facilitate a conversion to 2,500,000 free trading shares on May 27^th. The Directors agreed to approve the conversion of the note at $.01 (at a discount of $.006 creating a BCF of $15,000) and thereby extinguishing the debt upon the sale.

One of the Trader agreements included monthly compensation and to this end, part of the fees were paid in cash and then part of the fees were offset with a non convertible note for $7,000 that is payable on or before June of 2017.