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COMMITMENTS
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9 Months Ended | ||
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Aug. 31, 2012
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| COMMITMENTS [Text Block] |
a) Consulting agreements: The directors of the Company executed consulting agreement with the Company on the following terms: Agreement with a director to pay compensation for $5,000 per month. The agreement expired August 30, 2012 Agreement with a director to pay compensation for $7,000 per month. The agreement expires December 31, 2012. Agreement with the Chief Executive Officer to pay compensation for $12,000 per month plus a car allowance for $600 per month. The agreement expires December 31, 2016. The monthly remuneration will increase with accomplishment of milestones. Effective December 1, 2011, SDI executed an agreement with a Company in which the Chief Operating Officer has an interest in, for a period of ten months which expires September 30, 2012 for services rendered. The total consulting fees are estimated at $200,000 for the ten month period. The Company has expensed $151,600 for the nine month period ended August 31, 2012. The Company may also accept common shares at $0.25 per common share in lieu of cash. As of August 31, 2012, the Company has not exercised its right to accept this compensation in shares. b) The Company has commitments for leasing office premises in Oakville, Ontario, Canada to September 30, 2012 at a monthly rent (excluding proportionate realty and maintenance costs and taxes) of Canadian $2,500 per month. |