LOAN FROM DIRECTOR - RELATED PARTY
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9 Months Ended |
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Mar. 31, 2012
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Notes to Financial Statements | |
NOTE 5 - LOAN FROM DIRECTOR - RELATED PARTY |
During 2010, the Company received $89,000 in advances from a director. These advances are non-interest bearing. The Company repaid a portion of these advances in fiscal 2011 and the total amount owed the director at March 31, 2012 and June 30, 2011 is $76,849 and $78,403, respectively. |