RELATED PARTY TRANSACTIONS
|3 Months Ended|
Feb. 29, 2016
|RELATED PARTY TRANSACTIONS [Text Block]||
Three months ended February 28, 2015
The directors were compensated as per their consulting agreements with the Company. The Company expensed a total of $54,900 as management fees to its two directors, in their role as officers in accordance with their consulting contracts and expensed a total of $1,500 as automobile allowance.
The Company expensed $5,000 for services provided by the CFO of the Company and $57,800 for services provided by a corporation in which the Chief Operating Officer has an interest, in accordance with the consulting contract.
The Company reimbursed $12,460 to directors and officers for travel and entertainment expenses incurred for the Company.
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