Annual report pursuant to Section 13 and 15(d)

Convertible Debentures (Tables)

v3.21.2
Convertible Debentures (Tables)
12 Months Ended
Aug. 31, 2021
Convertible Debentures Disclosure [Abstract]  
Schedule of convertible debentures
              Principal
due
    Principal
due
 
Lender   Maturity Date   Interest
Rate
    August 31,
2021
    August 31,
2020
 
                       
Calvary Fund I LP   September 4, 2019     10.00 %    
-
     
-
 
    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   October 15, 2020     10.00 %    
-
      250,000  
    January 16, 2021     10.00 %    
-
      55,000  
Bay Private Equity, Inc.   January 15, 2020     5.00 %    
-
      3,661,874  
    February 20, 2021     5.00 %    
-
      2,400,000  
Cantone Asset Management LLC   October 19, 2021     7.00 %    
-
      300,000  
    December 17, 2021     7.00 %     240,000       240,000  
    October 19, 2021     18.00 %    
-
      240,000  
    December 30, 2021     18.00 %     50,000       -  
    July 1, 2023     8.00 %     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  
    July 21, 2025     10.00 %     3,000,000      
-
 
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 6, 2021     12.00 %    
-
     
-
 
    January 12, 2022     12.00 %    
-
     
-
 
    February 24, 2022     12.00 %    
-
     
-
 
    April 21, 2022     12.00 %     92,125      
-
 
    May 20, 2022     12.00 %     141,625      
-
 
    July 2, 2022     12.00 %     114,125      
-
 
EMA Financial, LLC   April 22, 2021     8.00 %     3,120       150,000  
Morison Management S.A   July 31, 2021     10.00 %    
-
      192,862  
    October 15, 2020     10.00 %     184,251      
-
 
    January 16, 2021     10.00 %     55,000      
-
 
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 %    
-
     
-
 
Alpha Capital Anstalt   August 6, 2021     21.00 %    
-
     
-
 
Rijtec Enterprises Limited Pension scheme   November 11, 2021     10.00 %    
-
     
-
 
Private lender   November 30, 2021     10.00 %    
-
     
-
 
Private lender   January 26, 2022     10.00 %    
-
     
-
 
Equilibris Management AG   June 30, 2021     10.00 %    
-
     
-
 
    June 22, 2022     8.00 %                
    June 22, 2022     8.00 %                
Private lender   July 24, 2022     8.00 %     120,000      
-
 
                  10,126,246       10,007,436  
Unamortized debt discount                 (3,978,710 )     (1,173,112 )
Total loans               $ 6,147,536     $ 8,834,324  

 

Schedule of classified as repayable convertible debentures
    August 31, 2021     August 31, 2020  
             
Principal classified as repayable within one year   $ 5,255,874     $ 8,227,257  
Principal classified as repayable later than one year     891,662       607,067  
                 
    $ 6,147,536     $ 8,834,324