Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.21.2
Stock Options (Tables)
6 Months Ended
Feb. 28, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of stock option transactions
    Six months ended
February 28, 2021
    Year ended
August 31, 2020
 
    Number of Options     Weighted
average
exercise
price
    Number of options     Weighted
average
exercise
price
 
Balance, beginning of period     9,470,000     CAD$ 0.63       9,808,333     CAD$ 1.20  
Options granted     -               5,220,000       0.10  
Options forfeited     (2,220,000 )   CAD$  0.11        (5,558,333 )   CAD$ 1.14  
Balance, end of period     7,250,000     CAD$ 0.71       9,470,000     CAD$ 0.63  
Schedule of stock options outstanding and exercisable
Expiry Date   Exercise
Price
    Options
Outstanding
    Options
Exercisable
 
February 20, 2021   CAD$ 0.110       -       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  
              7,250,000       5,645,000  
Weighted average remaining contractual life             6.0 years       4.8 years