Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments and Amounts in Escrow

v3.20.4
Short-Term Investments and Amounts in Escrow
9 Months Ended
Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]  
Short-term Investments and amounts in escrow
3. Short-term Investments and amounts in escrow

At December 31, 2020, the Company has a $59,545 (CAD $75,938) (March 31, 2020 - $53,106 (CAD $75,000)) Guaranteed Investment Certificate (“GIC”) held as security against a corporate credit card. The GIC bears interest at 1.00% per annum and matures December 13, 2021.


At December 31, 2020, the Company’s solicitor is holding $401,385 (March 31, 2020 - $664,994) relating to proceeds under customer contracts.