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Promissory Notes Payable
 12 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Promissory Notes Payable
Note 3 Promissory Notes Payable

 

    2016     2015  
Promissory note dated January 9, 2013 with a principal balance of CDN$86,677, bearing interest at 12% per annum, secured by all the present and future assets of the Company; due on demand (a)   $ -     $ 64,630  
                 
Promissory note dated January 9, 2013 with a principal balance of CDN$27,639, bearing interest at 12% per annum, secured by all the present and future assets of the Company; due on demand (b)     -       20,608  
    $ -     $ 85,238  

 

  a) During the year ended September 30, 2013, the Company issued a promissory note in the amount of $64,630 (CDN$86,677) to the former President, Secretary, Treasurer, CFO and director of the Company (the “President”) in exchange for unpaid consulting fees owing to the President. The note was bearing interest at 12% per annum and was due June 30, 2013.
 
  b) During the year ended September 30, 2013, the Company issued a promissory note in the amount of $20,608 (CDN$27,639) to a former director of the Company (the “Director”) in exchange for unpaid consulting fees owing to the Director. The note was bearing interest at 12% per annum and was due June 30, 2013.

 

The Notes were secured by a right to delay the transfer of any or all of the Company’s assets until the obligations of the Notes were satisfied, including a restriction on the transfer of cash by the Company and a security interest over the intellectual property of the Company.

 

During the year ended September 30, 2016, the Company settled the remaining principal and interest owed under the Notes of $95,964 (CDN$124,237) with cash payments totaling $34,759 (CDN$45,000) to the former officer and director, resulting in a gain on settlement of debt of $61,205 (CDN$79,237).