Related Party Transactions |
3 Months Ended | ||
|---|---|---|---|
Nov. 30, 2015 | |||
| Related Party Transactions [Text Block] |
For the three months ended November 3, 2015, the Company accrued/paid $30,000 to CAB (2014: $24,000); to BKB Management Ltd. ("BKB") CAD$22,500 (2014: CAD$16,500) for management, consulting and accounting services; to a senior vice president $9,000 (2014: $Nil) for executive management consulting; and to Docherty Management Limited CAD$37,500 (2014: $Nil). CAB is owned by the CEO of the Company, BKB is owned by the CFO of the Company and Docherty Management Limited is owned by the President of the Company. $107,664 was payable to the President, senior vice president and a company controlled by a CEO of the Company. The related party transactions are recorded at the exchange amount established and agreed to between the related parties. |
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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