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NOTE 4 RELATED PARTY TRANSACTIONS
Consulting services from President
and Chief Financial Officer
The President of the Company provides
management consulting services to the Company. During the year ended February 29, 2012, management consulting services of $24,000
(February 28, 2011: $24,000) were charged to operations. During the last quarter of fiscal 2011 the Company issued 640,000 restricted
shares of common stock in the capital of the Company at a deemed price of $0.05 per share to settle the amount owed to the Companys
President.
At February 29, 2012 the Company owed $24,000
(February 28, 2011: $Nil) to the President of the Company for management consulting services.
The Chief Financial Officer of the Company
provides consulting services to the Company. During the year ended February 29, 2012, consulting services of $24,000 (February
28, 2011: $Nil) were charged to operations. During the last quarter of fiscal 2011 the Company issued 640,000 restricted shares
of common stock in the capital of the Company at a deemed price of $0.05 per share to settle the amount owed to the Companys
Chief Financial Officer.
At February 29, 2012 the Company owed $24,000
(February 28, 2011: $Nil) to the Chief Financial Officer of the Company for consulting services.
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