Post-effective amendment to a registration statement that is not immediately effective upon filing

Common Shares and Warrants (Tables)

v3.20.4
Common Shares and Warrants (Tables)
12 Months Ended
Aug. 31, 2020
Equity [Abstract]  
Schedule of option and warrant exercises

Type of Issuance

 

Number of Shares

 

 

Total Value $

 

Option exercise

 

 

220,000 

 

 

 

30,030

 

Private placement (1)

 

 

10,689,956

 

 

 

2,859,914

 

Per agreements(2)

 

 

347,222

 

 

 

100,000

 

     

11,257,178

     

2,989,944

 

(1) Total fees of $221,889 were paid for total net receipt of $2,638,025.

(2) The Company awarded the restricted common shares as required by consulting contracts.

 

 

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

 

 

12,072,829

 

 

 

0.42

 

Balance August 31, 2020

 

 

14,148,154

 

 

 

0.56

 

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

 

 

August 31

2020

 

 

August 31

2019

 

Expected volatility

 

91%-94

%

 

1% 117

%

Risk-free interest rate

 

0.36%-2.87

%

 

2.31% 2.87

%

Expected life

 

2 5 years

 

 

1 day 2 years

 

Dividend yield

 

 

0 %

 

 

0.00 %

Estimated fair value per warrant

 

0.28 0.54

 

 

$Nil $0.57

 

Schedule of warrants outstanding

 

# of Warrants

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average Exercise Price $

 

975,325

 

 

0.17 years

 

 

2.25

 

100,000

 

 

0.72 years

 

 

0.96

 

250,000

 

 

0.73 years

 

 

1.55

 

750,000

 

 

1.11 years

 

 

0.14

 

225,000

 

 

2.18 years

 

 

0.80

 

1,562,995     1.20 years     0.80  
269,500     1.24 years     0.80  
500,000     4.54 years     0.30  
8,028,254     4.68 years     0.35  
1,487,080     4.70 years     0.35  

14,148,154

 

 

3.59 years

 

 

0.56