MD&AAs at August 31, 2015, the Company had cash of $20,593 and a working capital deficiency of $287,393 compared with cash of $10,501 and a working capital deficiency of $470,422 as at February 28, 2015.
At August 31, 2015, recorded in trade and other payables is $156,121 (February 28, 2015 - $400,706) due to Terracad Geoscience Services Ltd. This amount is non-interest bearing, unsecured and has no fixed terms of repayment.
Terracad is owned by Farshad....