NOTE PAYABLE AND ADVANCES - RELATED PARTIES	9 Months Ended
Apr. 30, 2013
Note Payable And Advances - Related Parties
NOTE 2 - NOTE PAYABLE AND ADVANCES - RELATED PARTIES	During April 2004, the majority shareholder of the Company loaned $26,500 to the Company. Interest is being accrued on this note at the rate of 10% per annum. As at April 30, 2013, the interest accrued on the loan was $24,098. The note payable and accrued interest are payable on demand. Interest expense for the nine months ended April 30, 2013 and 2012 was $2,004. As of April 30, 2013, the Company had a balance of $1,449 due to the President for payments made on behalf of the Company. The advances from the President are unsecured, non-interest bearing and repayable upon demand.

NOTE PAYABLE AND ADVANCES - RELATED PARTIES

9 Months Ended

Apr. 30, 2013

Note Payable And Advances - Related Parties

NOTE 2 - NOTE PAYABLE AND ADVANCES - RELATED PARTIES

During April 2004, the majority shareholder of the Company loaned $26,500 to the Company. Interest is being accrued on this note at the rate of 10% per annum. As at April 30, 2013, the interest accrued on the loan was $24,098. The note payable and accrued interest are payable on demand. Interest expense for the nine months ended April 30, 2013 and 2012 was $2,004.

As of April 30, 2013, the Company had a balance of $1,449 due to the President for payments made on behalf of the Company. The advances from the President are unsecured, non-interest bearing and repayable upon demand.

VICTORY EAGLE RESOURCES CORP. 10-Q