Note 10 - Advances Payable – Related Party

As of September 30, 2011, the Company had advances payable totaling $1,329,044, to Richard MacPherson, a director of the Company.  These advances bear interest at 9% per annum, have no fixed terms of repayment and are unsecured.  Accrued interest on these advances at September 30, 2011 was $62,649 and interest expense for the period ended September 30, 2011 was $27,498.