Stock Options |
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Share-based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Options |
The Company has a stock option plan which allows the Board of Directors of the Company to grant options to acquire common shares of the Company to directors, officers, key employees and consultants. The option price, term and vesting are determined at the discretion of the Board of Directors, subject to certain restrictions as required by the policies of the TSX Venture Exchange. The stock option plan is a 20% fixed number plan with a maximum of 39,587,793 common shares reserved for issue at November 30, 2019.
During the three months ended November 30, 2019 and the year ended August 31, 2019, the Company did not grant any stock options to directors, officers and consultants of the Company.
During the three months ended November 30, 2019 and 2018, the share-based compensation expense of $178,157 and $229,060 relates to the vesting of options granted during the year ended August 31, 2018.
Stock option transactions under the stock option plan were:
Stock options outstanding and exercisable as at November 30, 2019 are:
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