6. LOAN FROM DIRECTORS-RELATED PARTY
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12 Months Ended |
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Jun. 30, 2012
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Notes to Financial Statements | |
6. LOAN FROM DIRECTORS-RELATED PARTY |
During 2010, the Company received $89,000 of additional proceeds 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 June 30, 2012 is $75,177. |
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- Definition
No authoritative reference available. No definition available.
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- Details
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