Common Shares |
12 Months Ended | ||||||||||||||||||||||||||||
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Aug. 31, 2021 | |||||||||||||||||||||||||||||
Common Shares [Abstract] | |||||||||||||||||||||||||||||
COMMON SHARES |
Between September 21 2021 and December 10, 2020, the Company issued 71,632,237 common shares valued at $3,481,483 to several vendors in settlement of $3,433,200 of trade debt.
On July 12, 2021, the Company issued 1,964,108 common shares valued at $137,488 to four directors in partial settlement of directors fees outstanding.
Between November 13, 2020 and July 27, 2021, the Company issued 28,490,802 common shares to various investors for net proceeds of $2,781,949.
Between October 1, 2020 and August 30, 2021, in terms of conversion notices received, the Company issued 171,906,658 common shares valued at $8,156,018 and 12,846,973 warrants valued at $500,063 in settlement of convertible debt of $7,622,160.
On January 25 2021, the Company issued 1,000,000 restricted common shares valued at $58,879 to its COO as part of his compensation package.
On June 10, 2021, the Company issued 25,000 shares valued at $3,411 as compensation for services rendered to the Company.
During August 2021 the company received $750,000 from a private investor in terms of an irrevocable subscription agreement for the issue of 6,250,000 units, at an issue price of $0.12 per unit. Each unit consists of one common share and one transferable share purchase warrant exercisable at $0.12 per share, for a period of twenty four months from closing. Due to the suspension of trading by the TSXV, these shares have not been issued as yet. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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