DUE TO DIRECTORS - RELATED PARTY
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6 Months Ended |
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Dec. 31, 2011
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Notes to Financial Statements | |
DUE TO DIRECTORS - RELATED PARTY |
Due to directors - related party represents unsecured advances made by the directors for operating expenses on behalf of the Company such as intellectual property and formation expenses. The expenses were paid for on behalf of the Company are due upon demand. The Company is currently not being charged interest under these advances. The total amount owed these directors at December 31, 2011 and June 30, 2011 is $63,762 and $66,400, respectively. |