Quarterly report pursuant to Section 13 or 15(d)

Common Shares

v3.21.2
Common Shares
3 Months Ended
Nov. 30, 2020
Common Shares [Abstract]  
COMMON SHARES
14. COMMON SHARES

Authorized unlimited common shares without par value
Issued and Outstanding 382,894,504 common shares as at November 30, 2020.

  (a) Settlement of liabilities

Between September 21, 2020 and November 23, 2020, the Company issued 60,023,777 common shares to certain lenders to settle $2,769,000 of trade debt, including a loss realized thereon of $134,490.


  (b) Common share subscriptions

On November 13, 2020, the Company issued 7,416,666 common shares to various investors for net proceeds of $410,000.


  (c) Convertible debt conversions

Between October 1, 2020 and November 13, 2020, in terms of conversion notices received, the Company issued 38,735,555 common shares for convertible debt in the aggregate sum of $1,701,256, realizing a loss thereon of $80,661.


  (d) Warrants exercised

On September 17, 2020, warrants were exercised for 2,268,169 shares at an exercise price of $0.03 per share for gross proceeds of $68,045.