financialsso, i just had me a lookie lou and found the following:
a) During the period ended May 31, 2017, the Company paid BrainBio Inc. (a company controlled by the incoming President and CEO (“CEO”)) of the Company $78,335 (May 31, 2016: $nil) pursuant to a consulting agreement for services and for acting in his capacity as CEO. The Company also incurred benefits expense of $3,010 (May 31, 2016: $nil).
b) During the period ended May 31, 2017, the Company paid the former President and CEO (currently Executive Chairman of the Board of Directors) of the Company $42,000 (May 30, 2016: $42,000) pursuant to a salary contract for services and for acting in his capacity as CEO and Executive Chairman of the Board of Directors. The Company also incurred payroll benefits expense of $3.010 (May 31, 2016: $nil) and $2,059 (May 31, 2016: $2,497) attributed to the former CEO. As at May 31, 2017, the Company owed $4,776 (May 31, 2016: $nil) to the former CEO, which is unsecured, non-interest bearing and with no repayment terms.
drj!