Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.10.0.1
Related Party Transactions
 9 Months Ended
May 31, 2018
Related Party Transactions [Text Block]
14.

Related Party Transactions

For the period ended May 31, 2018 the Company paid/accrued the following:

                              May 31                             May 31  
      Cash           Non-Cash           2018     Cash           Non-Cash           2017  
      $     %     $     %     Total $     $     %     $     %     Total $  
  Management, consulting and accounting services:                                                            
     C.A.B Financial Services (1)   108,000     10%     1,002,705     90%     1,110,705     100,000     100%     -     0%     100,000  
     M&E Services Ltd. (1)   58,140     10%     501,101     90%     559,241     35,311     100%     -     0%     35,311  
     Docherty Management 106,067 Limited (1)         10%     968,329     90%     1,074,396     89,854     68%     42,000     32%     131,854  
     Company controlled by a director   12,000     17%     57,395     83%     69,395     36,000     100%     -     0%     36,000  
     Director   -     0%     57,395     100%     57,395     -     0%     -     0%     -  
      284,207           2,586,925           2,871,132     261,165           42,000           303,165  

(1) C.A.B. Financial Services is owned by the CEO of the Company, M&E Services Ltd. is owned by the CFO of the Company (as of June 1 2017), and Docherty Management Limited is owned by the President of the Company.

The Company granted a total of 1,700,000 incentive stock options to officers and directors of the Company with a fair value of $1,844,425 and included in Consulting expense (Note 12).

Due to related parties:

As at May 31, 2018, $9,110 (August 31, 2017 - $42,690) was payable to related parties included in due to related parties.

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.