Quarterly report pursuant to Section 13 or 15(d)

Convertible Debentures (Tables)

v3.21.2
Convertible Debentures (Tables)
9 Months Ended
May 31, 2021
Convertible Debentures Disclosure [Abstract]  
Schedule of convertible debentures
              Principal
due
    Principal
due
 
Lender   Maturity Date   Interest
Rate
    May 31,
2021
    August 31,
2020
 
                       
Calvary Fund I LP   July 31, 2021     12.00 %   $ -     $ 250,000  
    July 31, 2021     12.00 %     80,000       480,000  
    August 7, 2021     0 %     25,000       150,000  
SBI Investments LLC   December 15, 2020     10.00 %     184,251       250,000  
    January 16, 2021     10.00 %     55,000       55,000  
Bay Private Equity, Inc.   March 31, 2021     5.00 %     -       3,661,874  
    February 20, 2021     5.00 %     -       2,400,000  
Cantone Asset Management LLC   October 19, 2020     7.00 %     250,000       300,000  
    December 17, 2020     7.00 %     240,000       240,000  
    January 14, 2021     7.00 %     40,000       240,000  
    December 30, 2021     7.00 %     300,000       -  
Private lender   October 29, 2020     10.00 %     200,000       200,000  
Petroleum Capital Funding LP.   November 26, 2023     10.00 %     318,000       318,000  
    December 4, 2023     10.00 %     432,000       432,000  
    March 30, 2024     10.00 %     471,000       471,000  
Power Up Lending Group LTD   May 7, 2021     12.00 %     -       64,300  
    June 4, 2021     12.00 %     -       69,900  
    June 19, 2021     12.00 %     -       82,500  
    November 11, 2021     12.00 %     -       -  
    January 12, 2022     12.00 %     86,350       -  
    February 24, 2022     12.00 %     86,350       -  
    April 21, 2022     12.00 %     92,125       -  
    May 20, 2022     12.00 %     141,625       -  
EMA Financial, LLC   April 22, 2021     8.00 %     3,120       150,000  
Morison Management S.A   July 31, 2021     10.00 %     -       192,862  
Bellridge Capital LP.   March 31, 2021     15.00 %     2,900,000       -  
    September 30, 2021     5.00 %     1,400,000       -  
Stirling Bridge Resources   October 29, 2021     10.00 %     15,000       -  
Alpha Capital Anstalt   August 6, 2021     21.00 %     250,000       -  
Rijtec Enterprises Limited Pension Scheme   November 11, 2021     10.00 %     32,000       -  
Private lender   November 30, 2021     10.00 %     150,000       -  
Private lender   January 26, 2022     10.0 %     -       -  
                  7,751,821       10,007,436  
Unamortized debt discount                 (990,909 )     (1,173,112 )
Total loans               $ 6,760,912     $ 8,834,324  
Schedule of classified as repayable convertible debentures
    May 31,
2021
    August 31,
2020
 
             
Principal classified as repayable within one year   $ 6,003,436     $ 8,227,257  
Principal classified as repayable later than one year     757,476       607,067  
                 
    $ 6,760,912     $ 8,834,324