Related Party Transactions |
12. |
Related
Party Transactions |
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(a) |
As
at September 30, 2019, the Company owed $21,358 (March 31, 2019 – $36,800) to companies
controlled by a director and officer of the Company. The amounts owing are unsecured,
non-interest bearing, and due on demand. |
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(b) |
As
at September 30, 2019, the Company owed $1,923 (March 31, 2019 – $80,205) to directors
of the Company. The amounts owing are unsecured, non-interest bearing, and due on demand. |
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(c) |
During
the three and six months ended September 30, 2019, the Company incurred $483,364 (September
30, 2018 – $60,000) and $758,439 (September 30, 2018 - $125,000), respectively,
in management consulting fees to companies controlled by a director and officer of the
Company. |
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(d) |
During
the three and six months ended September 30, 2019, the Company incurred $60,000 (September
30, 2018 – $60,000) and $120,000(September 30, 2018 - $120,000), respectively,
in management consulting fees to a company controlled by a director of the Company. |
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(e) |
During
the three and six months ended September 30, 2019, the Company incurred $5,552 (September
30, 2018 – $4,050) and $9,537 (September 30, 2018 - $7,800), respectively, in management
consulting fees to a company controlled by a director of the Company. |
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(f) |
During
the three and six months ended September 30, 2019, the Company incurred $nil (September
30, 2018 - $nil) and $35,000 (September 30, 2018 - $nil), respectively, in consulting
fees to a director of the Company. |
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