Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.21.2
Common Shares and Warrants (Tables)
9 Months Ended
May 31, 2021
Common Shares and Warrants  
Schedule of fair value of purchase warrants

 

 

May 31

2021

 

 

 

 

 

Expected volatility

 

 

103 %

Risk-free interest rate

 

 

0.16 %

Expected life

 

3 years

 

Dividend yield

 

 

0 %

Estimated fair value per warrant

 

$ 2.62

 

Sehedule of warrants

Type of Issuance

 

Number of

Shares

 

 

 Exercise

Price 

 

 

Total Value

 

Warrants

 

 

300,000

 

 

$9.00

 

 

$ 785,895

 

 

 

 

300,000

 

 

 

 

 

 

$ 785,895

 

Schedule of warrants issued

 

 

Number of Warrants

 

 

Weighted Average Exercise Price $

 

Balance August 31, 2019

 

 

94,177

 

 

 

41.40

 

Cancelled/expired

 

 

(25,000 )

 

 

44.90

 

Issued

 

 

402,431

 

 

 

12.74

 

Balance August 31, 2020

 

 

471,608

 

 

 

16.77

 

Cancelled/expired

 

 

(44,161 )

 

 

67.50

 

Issued

 

 

2,630,017

 

 

 

6.58

 

Balance May 31, 2021

 

 

3,057,464

 

 

 

7.87

 

Schedule of warrants outstanding

# of Warrants

 

 

Weighted Average

Remaining Contractual Life

 

Weighted Average

Exercise Price $

 

 

25,000

 

 

0.36 years

 

 

4.20

 

 

292

 

 

0.45 years

 

 

36.00

 

 

7,500

 

 

1.43 years

 

 

24.00

 

 

300,000

 

 

2.88 years

 

 

9.00

 

 

51,814

 

 

3.46 years

 

 

36.00

 

 

8,984

 

 

3.50 years

 

 

36.00

 

 

16,667

 

 

3.79 years

 

 

9.00

 

 

317,190

 

 

3.93 years

 

 

10.50

 

 

2,330,017

 

 

4.63 years

 

 

6.58

 

 

3,057,464

 

 

4.32 years

 

 

7.85