Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.21.2
Derivative Liability (Tables)
3 Months Ended
Nov. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Black-Scholes valuation model
    Three months ended
November 30,
2020
 
Conversion price     CAD$0.0375 to CAD$0.06  
Risk free interest rate     0.16 to 0.21 %
Expected life of derivative liability     6 to 12 months  
Expected volatility of underlying stock     158.85 to 171.20 %
Expected dividend rate     0 %
Schedule of derivative liability
    November 30,
2020
    August 31,
2020
 
             
Opening balance   $ 841,385     $ -  
Derivative financial liability arising from convertible notes     120,535       653,984  
Fair value adjustment to derivative liability     (156,998 )     187,401  
      804,922     $ 841,385