5. DUE TO RELATED PARTY
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3 Months Ended |
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Dec. 31, 2012
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Related Party Transactions Disclosure [Text Block] |
5. DUE
TO RELATED PARTY
At
March 31, 2012 and December 31, 2012, the Company was
indebted to the former Chairman of the Company (resigned
effective August 5, 2011) for cash advances of $30,826. The
amount is unsecured, non-interest bearing and has no specific
terms of repayment.
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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