Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.21.2
Stock Options (Tables)
 12 Months Ended
Aug. 31, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
    Year ended
August 31,  2020		     Year ended
August 31, 2019		  
    Number of Options     Weighted
average
exercise
price		     Number of options     Weighted
average
exercise
price		  
Balance, beginning of period     9,808,333     CAD$       1.20       9,858,333     CAD$       1.22  
Options granted     5,220,000     CAD$ 0.10       -       -  
Options forfeited     (5,558,333 )   CAD$ 1.14       (50,000 )   CAD$ 4.80  
Balance, end of period     9,470,000     CAD$ 0.63       9,808,333     CAD$ 1.20  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
Expiry Date   Exercise
Price		     Options
Outstanding		     Options
Exercisable		  
February 20, 2021   CAD$ 0.110       2,220,000       2,220,000  
August 7, 2025   CAD$ 0.085       3,000,000       -  
November 30, 2027   CAD$ 2.270       950,000       950,000  
June 5, 2028   CAD$ 1.000       3,300,000       2,475,000  
              9,470,000       5,645,000  
Weighted average remaining contractual life             5.1 years       4.8 years  
Schedule of Black-Scholes option pricing model with the following inputs and assumptions
    Year ended
August 31,
2020		  
Conversion price     CAD$0.085 to CAD$0.11  
Risk free interest rate     0.19 to 0.30 %
Expected life of derivative liability     0.5 to 5 years  
Expected volatility of underlying stock     135 to 192 %
Expected dividend rate     0 %