Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.19.1
Related Party Transactions
 6 Months Ended
Feb. 28, 2019
Notes to Financial Statements  
Related Party Transactions

For the period ended February 28, 2019, the Company paid/accrued the following:

 

    Contract     Share Based Compensation    

February 28

2019

$

    

February 28

2018

$

  
Management, consulting and accounting services:                        
C.A.B Financial Services (“CAB”)(1)(2)     92,319       -       92,319       106,169  
M&E Services Ltd. (“M&E”)(1)     56,238       -       56,238       196,252  
Docherty Management Limited (“Docherty Management”)(1) (2)     83,263       -       83,263       105,328  
Company controlled by a director Consulting     -       -       -       12,000  
Board of Director Fees(2)     7,600       217,988       225,588       -  
      239,420       217,988       457,408       419,749  

 

(1) CAB is owned by the CEO of the Company, M&E is owned by the CFO of the Company, and Docherty Management Limited (“Docherty Management”) is owned by the President of the Company.

(2) Include accrued amounts for contract negotiations not completed by period end.

 

Due to related parties:

 

As at February 28, 2019, $5,621 (August 31, 2018 - $7,855) was payable to related parties included in due to related parties.

 

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.