Common Shares and Warrants (Tables)
|
6 Months Ended |
12 Months Ended |
Feb. 29, 2020 |
Aug. 31, 2019 |
| Equity [Abstract] |
|
|
| Schedule of option and warrant exercises |
Type of Issuance |
|
|
Number of |
|
|
|
Total |
|
| |
|
|
Shares |
|
|
|
Value $ |
|
Option exercise |
|
|
110,000 |
|
|
|
11,000 |
|
Private placement(1) |
|
|
1,823,745 |
|
|
|
820,685 |
|
|
|
|
1,933,745 |
|
|
$ |
831,685 |
|
|
Type of Issuance |
|
Number
of Shares
|
|
|
Total
Value
|
|
Warrant exercise(1) |
|
|
1,626,513 |
|
|
|
796,122 |
|
Option exercise |
|
|
430,000 |
|
|
|
66,250 |
|
Private placement |
|
|
947,150 |
|
|
|
1,515,440 |
|
Per agreements(2) |
|
|
250,000 |
|
|
|
234,500 |
|
|
|
|
3,253,663 |
|
|
$ |
2,612,312 |
|
|
(1) Includes 384,212 broker warrants exercised for gross proceeds of $191,742 |
|
(2) The Company awarded the restricted common shares as required by consulting contracts |
|
| 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 |
|
Cancelled/expired |
|
|
(750,000 |
) |
|
|
1.50 |
|
Issued |
|
|
2,057,495 |
|
|
|
0.80 |
|
Balance February 29, 2020 |
|
|
4,132,820 |
|
|
|
1.07 |
|
|
|
|
Number of Warrants |
|
|
Weighted
Average
Exercise
Price $
|
|
Balance August 31, 2017 |
|
|
8,844,506 |
|
|
|
0.29 |
|
Cancelled/Expired |
|
|
(230,000 |
) |
|
|
0.17 |
|
Exercised |
|
|
(6,364,145 |
) |
|
|
0.28 |
|
Issued |
|
|
1,035,913 |
|
|
|
1.48 |
|
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 |
|
|
| Schedule of warrants granted as compensation warrants by using the Black-Scholes option pricing model |
|
|
February 29
2020
|
|
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 |
|
|
|
|
August 31
2019
|
|
August 31
2018
|
Expected volatility |
|
1% – 117% |
|
100% – 154% |
Risk-free interest rate |
|
2.31% – 2.87% |
|
1.21% – 2.60% |
Expected life |
|
1 day – 2 years |
|
1.21 – 3 years |
Dividend yield |
|
0.00% |
|
0.00% |
Estimated fair value per warrant |
|
$Nil – $0.57 |
|
$0.40 – $1.48 |
|
| Schedule of warrants outstanding |
# of Warrants |
|
|
Weighted Average Remaining Contractual Life |
|
Weighted Average Exercise Price $ |
|
975,325 |
|
|
0.67 years |
|
|
2.25 |
|
100,000 |
|
|
1.23 years |
|
|
0.96 |
|
250,000 |
|
|
1.24 years |
|
|
1.55 |
|
750,000 |
|
|
1.60 years |
|
|
0.14 |
|
225,000 |
|
|
2.68 years |
|
|
0.80 |
|
| 1,562,995 |
|
|
1.71 years |
|
|
0.80 |
|
| 269,500 |
|
|
1.75 years |
|
|
0.80 |
|
4,132,820 |
|
|
1.46 years |
|
|
1.07 |
|
# of Warrants |
|
|
Weighted Average Remaining
Contractual Life
|
|
|
Weighted Average
Exercise Price $
|
|
|
250,000 |
|
|
0.25 years |
|
|
0.83 |
|
|
500,000 |
|
|
0.38 years |
|
|
1.83 |
|
|
975,325 |
|
|
1.17 years |
|
|
2.25 |
|
|
100,000 |
|
|
1.73 years |
|
|
0.96 |
|
|
250,000 |
|
|
1.73 years |
|
|
1.55 |
|
|
750,000 |
|
|
2.11 years |
|
|
0.14 |
|
|
2,825,325 |
|
|
1.27 years |
|
|
1.38 |
|
|