Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.19.3.a.u2
Common Shares and Warrants (Tables)
3 Months Ended
Nov. 30, 2019
Equity [Abstract]  
Schedule of option and warrant exercises

 

Type of Issuance

 

Number of
Shares

 

 

Total
Value

 

Private placement

 

 

1,823,745

 

 

 

820,685

 

 

 

 

1,823,745

 

 

$ 820,685

 

Schedule of warrant

 

 

Number of

Warrants

 

 

Weighted Average Exercise Price

$

 

Balance, August 31, 2018

 

 

3,286,274

 

 

 

0.72

 

Cancelled/Expired

 

 

(17,498 )

 

 

0.59

 

Exercised

 

 

(1,626,513 )

 

 

0.49

 

Issued

 

 

1,183,062

 

 

 

1.99

 

Balance, August 31, 2019

 

 

2,825,325

 

 

 

1.38

 

Issued

 

 

2,057,495

 

 

 

0.80

 

Balance November 30, 2019

 

 

4,882,820

 

 

 

1.14

 

Schedule of warrants granted as compensation warrants by using the Black-Scholes option pricing model

 

 

November 30

2019

 

Expected volatility

 

 

91%

 

Risk-free interest rate

 

 

2.87%

 

Expected life

 

 

2 years

 

Dividend yield

 

 

0.00%

 

Estimated fair value per warrant

 

 

$0.28 - $0.43

 

Schedule of warrants outstanding

 

# of Warrants

 

 

Weighted Average Remaining
Contractual Life

 

Weighted Average
Exercise Price
$

 

250,000

 

 

0.01 years

 

 

0.83

 

500,000

 

 

0.13 years

 

 

1.83

 

975,325

 

 

0.92 years

 

 

2.25

 

100,000

 

 

1.48 years

 

 

0.96

 

250,000

 

 

1.48 years

 

 

1.55

 

750,000     1.86 years     0.14  
225,000     2.00 years     0.80  
1,832,495    

2.00 years

    0.80  

4,882,820

 

 

1.46 years

 

 

1.14