Ironwood Gold Corp. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - September 14, 2012



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10-Q - FORM 10-Q - Ironwood Gold Corp.v323677_10q.htm
v2.4.0.6
Forgiveness of debt
9 Months Ended
May 31, 2012
Forgiveness Of Debt Disclosure [Abstract]  
Forgiveness Of Debt Disclosure [Text Block]
4. Forgiveness of debt

 

During the year ended 31 August 2011 the Company negotiated the forgiveness of debts owed to seven creditors totaling $587,030. On November 29, 2011, the Company's Chief Executive Officer, Behzad Shayanfar, agreed to forgive $60,000 of salary accrued to August 31, 2011 (this was recorded as forgiveness of debt in the 31 August 2011 financial statements).

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