Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.21.2
Derivative Liability (Tables)
12 Months Ended
Aug. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Black-Scholes valuation model
    Year ended
August 31,
2021
 
Conversion price     CAD$0.03 to CAD$0.25  
Risk free interest rate     0.18 to 2.12 %
Expected life of derivative liability     6 to 12 months  
Expected volatility of underlying stock     93.9 to 231.8 %
Expected dividend rate     0 %

 

Schedule of derivative liability
    August 31,
2021
 
       
Opening balance   $ 841,385  
Derivative financial liability arising from convertible notes     653,826  
Fair value adjustment to derivative liability     (1,173,025 )
    $ 322,186