NOTE PAYABLE - STOCKHOLDER	6 Months Ended
Jan. 31, 2012
Notes to Financial Statements
Note 2.NOTE PAYABLE - STOCKHOLDER	During April 2004, the majority shareholder of the Company loaned the Company $26,500. Interest is being accrued on this note at the rate of 10% per annum. As at January 31, 2012, the interest accrued on the loan is $20,757. The note payable and accrued interest are payable on demand. During the year ended July 31, 2011, the President of the Company made payments of $655 on behalf of the Company, which was outstanding at January 31, 2012. During the six months ended January 31, 2012, the President of the Company made payments of $794 on behalf of the Company, which was outstanding at January 31, 2012. These advances from the President are unsecured, non-interest bearing and payable upon demand.

NOTE PAYABLE - STOCKHOLDER

6 Months Ended

Jan. 31, 2012

During April 2004, the majority shareholder of the Company loaned the Company $26,500. Interest is being accrued on this note at the rate of 10% per annum. As at January 31, 2012, the interest accrued on the loan is $20,757. The note payable and accrued interest are payable on demand.

During the year ended July 31, 2011, the President of the Company made payments of $655 on behalf of the Company, which was outstanding at January 31, 2012.

During the six months ended January 31, 2012, the President of the Company made payments of $794 on behalf of the Company, which was outstanding at January 31, 2012. These advances from the President are unsecured, non-interest bearing and payable upon demand.

VICTORY EAGLE RESOURCES CORP. 10-Q