Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions
3 Months Ended
Nov. 30, 2019
Related Party Transactions [Abstract]  

Related party transactions not otherwise separately disclosed in these consolidated financial statements are: 

(a) Transactions with directors and officers

During the three months ended November 30, 2019 and 2018, no common shares were granted as compensation to key management and directors of the Company.

On September 19, 2019, the Chairman of the board subscribed for 696,153 common shares for gross proceeds of $90,500.

On October 31, 2019, a director advanced the Company $50,000 as a short-term advance. The advance is interest free and is expected to be paid within three months.

(b) Due to/from director and officers

On November 30, 2019, and August 31, 2019, the Company owed the chairman of the board $84,505 and $0,respectively, for short term funds advanced to the company.

On November 30, 2019, the Company owed a director $100,000 for short term advances made to the Company. These advances are interest free and have no fixed repayment terms.

As of November 30, 2019, and August 31, 2019, the chairman of the board owed the Company $0.

At November 30, 2019, $651,957 was due to members of key management and directors for unpaid salaries, expenses and directors’ fees (August 31, 2019 – $748,682).