Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.20.4
Stock Options (Tables)
 12 Months Ended
Aug. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of stock option transactions
    Year ended
August 31,  2020		     Year ended
August 31, 2019		  
    Number of Options     Weighted
average
exercise
price		     Number of options     Weighted
average
exercise
price		  
Balance, beginning of period     9,808,333     CAD$       1.20       9,858,333     CAD$       1.22  
Options granted     5,220,000     CAD$ 0.10       -       -  
Options forfeited     (5,558,333 )   CAD$ 1.14       (50,000 )   CAD$ 4.80  
Balance, end of period     9,470,000     CAD$ 0.63       9,808,333     CAD$ 1.20  
Schedule of stock options outstanding and exercisable
Expiry Date   Exercise
Price		     Options
Outstanding		     Options
Exercisable		  
February 20, 2021   CAD$ 0.110       2,220,000       2,220,000  
August 7, 2025   CAD$ 0.085       3,000,000       -  
November 30, 2027   CAD$ 2.270       950,000       950,000  
June 5, 2028   CAD$ 1.000       3,300,000       2,475,000  
              9,470,000       5,645,000  
Weighted average remaining contractual life             5.1 years       4.8 years  
Schedule of Black-Scholes option pricing model with the following inputs and assumptions
    Year ended
August 31,
2020		  
Conversion price     CAD$0.085 to CAD$0.11  
Risk free interest rate     0.19 to 0.30 %
Expected life of derivative liability     0.5 to 5 years  
Expected volatility of underlying stock     135 to 192 %
Expected dividend rate     0 %