Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.10.0.1
Related Party Transactions
9 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

9. Related Party Transactions

 

(a) As at December 31, 2018, the Company owed $229,004 to (March 31, 2018 - $25,101 was owed from) a shareholder of the Company who has a significant influence on the Company’s operations. The amount owed is unsecured, non-interest bearing, and due on demand.

 

(b) As at December 31, 2018, the Company owed $19,737 (March 31, 2018 – $198,175) to PGG, a company controlled by a shareholder of the Company who has a significant influence on the Company’s operations, of which $nil (March 31, 2018 - $28,618) was recorded in accounts payable and accrued liabilities. The amounts owing are unsecured, non-interest bearing, and due on demand.

 

(c) As at December 31, 2018, the Company owed $274,116 (March 31, 2018 – $64,195) to companies controlled by directors of the Company and directors of the Company, of which $214,629 (March 31, 2018 - $4,208) was recorded in accounts payable and accrued liabilities. The amounts owing are unsecured, non-interest bearing, and due on demand.

 

(d) During the nine months ended December 31, 2018, the Company incurred $204,500 (2017 – $230,000) in consulting fees to PGG, a company controlled by a shareholder of the Company who has a significant influence on the Company’s operations.

 

(e) During the nine months ended December 31, 2018, the Company incurred $200,000 (2017 – $nil) in consulting fees to a shareholder of the Company who has a significant influence on the Company’s operations.

 

(f) During the nine months ended December 31, 2018, the Company incurred $311,366 (2017 – $81,610) in consulting fees to companies controlled by directors of the Company.

 

(g) During the nine months ended December 31, 2018, the Company incurred $75,000 (2017 – $nil) in consulting fees to the President of the Company.