From the Audited Financials Note 12 to the financials (related party transactions) Pasted from the latest (and audited) financials on www.sedar.com
12. RELATED PARTY TRANSACTIONS
These amounts of key management compensation are included in the amounts shown on the consolidated statements of comprehensive loss:
2014 / 2013
Short-term compensation $ 159,000 $ 361,735
Share-based payments $ - $ -
During the year ended May 31, 2014, short-term compensation to related parties consisted of $120,000 in management fees (2013 - $165,750), $39,000 in professional fees (2013 - $87,500) and $nil (2013 - $108,485) in deferred exploration costs.
During the year ended May 31, 2014, the Company received $11,970 (2013 - $44,250) for the recovery of rent expense from a company related by a common director.
As at May 31, 2014, the Company had outstanding amounts payable to an officer and a director of the Company of $37,450 (2013 - $38,200) and to companies related by common directors of $72,663 (2013 - $82,342) for outstanding fees and expenses. The amounts payable are non-interest-bearing, uncollateralized and are repayable on demand.