LOAN PAYABLE – RELATED PARTY |
6 Months Ended |
|---|---|
Feb. 28, 2018 | |
| Related Party Transactions [Abstract] | |
| LOAN PAYABLE – RELATED PARTY | During the period ended February 28, 2018, a director of the Company advanced $7,655 (February 29, 2017: $38,297). The amounts are unsecured, non-interest bearing and are due on demand. During the same period, the Company made repayments of $68,484 to a director (February 29, 2017: $86,500). Nil common shares (February 29, 2017: 34,285,739 common shares) were issued to repay $Nil of this amount (February 29, 2017: $72,000). (Note 11)
During the period ended February 28, 2018, the Company made repayments to related parties, issuing Nil common shares (February 29, 2017: 189,600,000 common shares) of the Company with a fair value of $Nil (February 29, 2017: $221,440). During the period ended February 28, 2018, management fees totaling $105,000 where accrued as payable to directors and officers of the Company (February 29, 2017: $90,000). During the period ended February 28, 2018, the Company issued Nil common shares (February 29, 2017: 219,444,444 common shares to directors in compensation for their services totaling $Nil (February 29, 2017: $460,833).
As at February 28, 2018, the Company owed related party loans of $601,748 (August 31, 2017: $557,576).
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