FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT	12 Months Ended
Jun. 30, 2016
Investments, All Other Investments:
Financial Instruments Disclosure	11. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT Fair value measurement is based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are: Level 1 — Quoted prices that are available in active markets for identical assets or liabilities. Level 2 — Quoted prices in active markets for similar assets that are observable. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. At June 30, 2016, the Company had Level 1 financial instruments, consisting of cash with a fair value of $19,217 and bank indebtedness of $13,621 The Company's financial instruments generally consist of cash, deposits, bank indebtedness, accounts payable, convertible notes payable, and amounts due to related parties. It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying values. The Company is exposed to currency risk by incurring certain expenditures in currencies other than the United States dollar. The Company does not use derivative instruments to reduce this currency risk.

FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT

12 Months Ended

Jun. 30, 2016

11. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT

Fair value measurement is based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are:

Level 1 — Quoted prices that are available in active markets for identical assets or liabilities.

Level 2 — Quoted prices in active markets for similar assets that are observable.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

At June 30, 2016, the Company had Level 1 financial instruments, consisting of cash with a fair value of $19,217 and bank indebtedness of $13,621

The Company's financial instruments generally consist of cash, deposits, bank indebtedness, accounts payable, convertible notes payable, and amounts due to related parties. It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying values. The Company is exposed to currency risk by incurring certain expenditures in currencies other than the United States dollar. The Company does not use derivative instruments to reduce this currency risk.

I-WELLNESS MARKETING GROUP INC. 10-K