Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.21.2
Derivative Liability (Tables)
6 Months Ended
Feb. 28, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Black-Scholes valuation model
   

Six months

ended

February 28,

2021

 
Conversion price     CAD$0.0375 to CAD$0.06  
Risk free interest rate     0.04 to 0.21 %
Expected life of derivative liability     6 to 12 months  
Expected volatility of underlying stock     106.5% to 171.20 %
Expected dividend rate     0 %
Schedule of derivative liability
   

February 28,

2021

    August 31,
2020
 
             
Opening balance   $ 841,385     $ -  
Derivative financial liability arising from convertible notes     270,535       653,984  
Fair value adjustment to derivative liability     (748,912 )     187,401  
      363,008     $ 841,385