Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.19.3.a.u2
Stock Options (Tables)
 3 Months Ended
Nov. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

500,000(1)

  

 

 

 0.55

 

 

 

 5

 

500,000(2)

  

 

 

 0.55

 

 

 

 5

 

1,000,000

 

 

 

 0.55

 

 

 

 

 

            __________

(1)Options granted vest 50,000 on grant and the remainder based on contracted milestones

(2)Options granted vest 250,000 on grant and the remainder based on contracted milestones
Schedule of stock options

 

 

Options

 

 

Weighted

Average Exercise Price

$

 

 

Weighted Average Remaining Contractual Term (Years)

 

Aggregate
Intrinsic Value

$

 

Balance August 31, 2018

 

 

 4,800,000

 

 

 

 0.71

 

 

 

 

 

 

Expired/cancelled

     (1,415,000

)

     0.66    

Exercised

 

 

 (430,000 )

 

 

 0.15

 

 

 

 

 

 

Granted

 

 

 2,048,000

 

 

 

 1.00

 

 

 

 

 

 

Balance August 31, 2019

 

 

 5,003,000

 

 

 

 0.89

 

 

 

 

 

 

Granted

 

 

1,000,000

 

 

 

0.55

 

 

 

 

 

 

Balance November 30, 2019 (Outstanding)

 

 

 6,003,000  

 

 

 0.84

 

 

3.41

 

   931,800

 

Balance November 30, 2019 (Exercisable)

 

 

 4,261,341

 

 

 

 0.88

 

 

2.94

 

   794,300

 
Schedule of fair value of options granted

 

 

November 30

2019

 

Expected volatility

 

  

96%

 

Risk-free interest rate

 

  

1.66%

 

Expected life

 

  

5 years

 

Dividend yield

 

 

0.00%

  

Estimated fair value per option

$

  

0.39