Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants

v3.22.2
Common Shares and Warrants
 9 Months Ended
May 31, 2022
Common Shares and Warrants  
Common Shares and Warrants

12. Common Shares and Warrants

 

In December of 2021, the Company entered a one-year media outreach agreement to SRAX Inc. and issued 224,299 shares as consideration for an aggregate value of $1.2m of which $600,000 are included in prepaid expenses and deposits.

 

During the quarter ended May 31, 2022, the Company issued no warrants. A continuity schedule for warrants is presented below:

 

 

 

Number of Warrants

 

 

Weighted Average    Exercise Price $

 

Balance August 31, 2020

 

 

 471,608

 

 

 

 16.77

 

Cancelled/expired

 

 

 (44,161 )

 

 

 67.50

 

Exercised

 

 

 (610,189 )

 

 

 6.58

 

Issued

 

 

 2,630,017

 

 

 

 6.58

 

Balance August 31, 2021

 

 

 2,447,275

 

 

 

 8.00

 

Cancelled/expired

 

 

 (25,292 )

 

 

 4.57

 

Balance May 31, 2022

 

 

 2,421,983

 

 

 

 8.04

 

 

A summary of warrants outstanding as of May 31, 2022, is presented below:

 

# of Warrants

Weighted Average Remaining Contractual Life

Weighted Average Exercise Price $

7,500

0.43 years

24.00

100,000

1.88 years

9.00

200,000

1.88 years

7.00

51,814

2.46 years

36.00

8,984

2.50 years

36.00

16,667

2.79 years

9.00

317,190

2.95 years

10.50

1,719,828

3.63 years

6.58

2,421,983

3.28 years

8.04