Wake up Desti!!!! This is NB.DESTINATOR YO SHOULD BT ASHAMED THAT YU ARE NOT AWARE OF THIS. UNLESS YOU ARE PAID AS WELL.
RELATED PARTY TRANSACTIONS AND COMMERCIAL GOALS
Company controlled by the President of Explor ResourcesInc.
During the year ended April 30, 2012, the Corporation incurred administrative consultant fees amounting to $131,125 ($57,438 in 2011), general administrative expenses amounting to $22,894 ($31,775 in 2011), exploration expenses amounting to $285,290 ($388,008 in 2011) and the acquisition of a mining property for an amount of $60,000 ($0 in 2011) with a company controlled by the president of Explor Resources Inc. The balance to be paid to this related company is $17,702.
These transactions are concluded in the normal course of operations of the Corporation and are measured at the exchange amount which is the amount of consideration established and agreed by the parties.
During the year ended April 30, 2012, the share-based compensation for members of the board and principal officers of the Corporation was $261,800 ($919,800 in 2011).