Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.20.1
DERIVATIVE LIABILITY (Tables)
6 Months Ended
Feb. 29, 2020
Derivative Liability [Abstract]  
Schedule of Black-Scholes valuation model
   

Six months
ended
February 29,
2020

 
Conversion price     CAD$0.095 to CAD$0.25  
Risk free interest rate     1.38 to 2.12 %
Expected life of derivative liability    

6 to 9 months

 
Expected volatility of underlying stock     93.9 to 108.7 %
Expected dividend rate     0 %
Schedule of derivative liability
   

February 29,
2020

 
       
Opening balance   $  
Derivative financial liability arising from convertible notes     358,853  
Fair value adjustment to derivative liability     659,885  
    $ 1,018,738