Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.20.2
Stock Options (Tables)
12 Months Ended
Aug. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of exercise price

 

Fiscal 2020 Activity

 

The Company granted stock options in the year ending August 31, 2020:

  

Quantity

 

Exercise Price $

Life (Years)

1,000,000

 

0.55

5

60,000

 

0.43

5

550,000

 

0.47

5

2,538,000

 

0.32

5

700,000

0.

0.34

5

4,848,000

(1)

0.39

5

(1) 3,962,000 have vested as at August 31, 2020, and 886,000 remain subject to vesting provisions.

 

Fiscal 2019 Activity

 

The Company granted stock options in the year ending August 31, 2019:

 

Quantity

Exercise Price $

Life (Years)

390,000(1)

1.27

5

240,000(1)

1.06

5

30,000(1)

1.16

5

350,000

0.99

5

440,000(1)

0.99

5

48,000(1)

0.96

5

100,000

0.81

5

450,000(1)

0.81

5

2,048,000

1.00

 

(1) Options granted vest over a period of three years

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

 

 

 

0.71

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(4,483,000 )

 

 

0.98

 

 

 

 

 

 

 

Exercised

 

 

(220,000 )

 

 

0.14

 

 

 

 

 

 

 

Granted

 

 

4,848,000

 

 

 

0.39

 

 

 

 

 

 

 

Balance August 31, 2020 (Outstanding)

 

 

5,148,000

 

 

 

0.37

 

 

 

4.30

 

 

 

140,634

 

Balance August 31, 2020 (Exercisable)

 

 

4,262,000

 

 

 

0.34

 

 

 

4.29

 

 

 

136,853

 

Schedule of fair value of options granted

 

 

August 31

2020

 

 

August 31

2019

 

Expected volatility

 

95%- 96

%

 

100%- 144

%

Risk-free interest rate

 

0.35%- 1.66

%

 

1.42%- 2.89

Expected life

 

5 years

 

 

5 years

 

Dividend yield

 

 

0 %

 

 

0 %

Estimated fair value per option

 

$0.31-$0.54

 

 

$0.60 - $1.07