Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

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Related Party Transactions
6 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions
7. Related Party Transactions

 

(a) During the six months ended September 30, 2014, the Company incurred $nil (2013 - $5,896) in consulting fees to a former director of a wholly owned subsidiary of the Company.

 

(b) During the six months ended September 30, 2014, the Company incurred $120,000 (2013 – $24,392) in consulting fees to a company controlled by a director of a wholly owned subsidiary of the Company.

 

(c) During the six months ended September 30, 2014, the Company incurred $22,064 (2013 – $nil) in consulting fees to a company controlled by a director of the Company.

 

(d) As at September 30, 2014, $31,351 (19,329 GBP) (March 31, 2014 – $33,348 (20,000 GBP)) was owed to a company controlled by formerly directors of EPSB for consulting fees incurred, which is included in accounts payable and accrued liabilities.

 

(e) As at September 30, 2014, the Company owed $5,305,292 (March 31, 2014 – $3,746,282) to a company controlled by a director of a wholly owned subsidiary of the Company. The amount owing is unsecured, non-interest bearing, and due on demand.

 

(f) As at September 30, 2014, the Company owed $32,508 (20,042 GBP) (March 31, 2014 – $33,418 (20,042 GBP)) to a company under common control. The amount owing is unsecured, non-interest bearing, and due on demand.

 

(g) As at September 30, 2014, the Company owed $nil (March 31, 2014 – $832,883) to a significant shareholder.

 

(h) As at September 30, 2014, the Company owed $20,058 (March 31, 2014 – $688,367) to directors of the Company’s wholly-owned subsidiaries. The amounts owing are unsecured, non-interest bearing, and due on demand.