Debt	3 Months Ended
Nov. 30, 2011
Debt
Debt Disclosure [Text Block]	*Note 5 – Note Payable* As referenced in Note 4, to confirm the cash payment requirements of the Nantawa Agreement we provided ETPI with a Promissory Note stating our indebtedness to ETPI in the amount of $943,868. On February 12, 2010 the Company paid to ETPI $471,934 and the second installment of $471,934 on the Note was waived by ETPI and no further amounts are owing to ETPI.

Debt

3 Months Ended

Nov. 30, 2011

Note 5 – Note Payable

As referenced in Note 4, to confirm the cash payment requirements of the Nantawa Agreement we provided ETPI with a Promissory Note stating our indebtedness to ETPI in the amount of $943,868. On February 12, 2010 the Company paid to ETPI $471,934 and the second installment of $471,934 on the Note was waived by ETPI and no further amounts are owing to ETPI.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Guinness Exploration, Inc 10-Q