|
RELATED PARTY TRANSACTIONS
|
9 Months Ended |
|---|---|
|
Mar. 31, 2012
|
|
| Notes to Financial Statements | |
| NOTE 9 - RELATED PARTY TRANSACTIONS |
Since inception, Propanc Health Group Corporation has conducted transactions with directors and director related entities. These transactions included the following:
As of March 31, 2012, the Company owed a director a total of $76,849, for money loaned to the Company throughout the years. The loan balance owed at March 31, 2012 was not accruing interest (See Note 5).
As of March 31, 2012, the Company owed two directors a total of $65,084, respectively, for expenses incurred on behalf of the Company related to corporate startup costs and intellectual property (See Note 4).
In August 2011, the Company issued 63,234 shares of common stock to a related party (See Note 7). |