Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants

v3.22.4
Common Shares and Warrants
 3 Months Ended
Nov. 30, 2022
Common Shares and Warrants  
Common Shares and Warrants

15. Common Shares and Warrants

 

The fair value of share purchase warrants granted was estimated as of the date of the grant by using the Black-Scholes option pricing model. During the quarter ended November 30, 2022, the Company issued no warrants.

 

A continuity schedule for warrants is presented below:

 

 

 

Number of Warrants

 

 

Weighted

Average

Exercise

Price $

 

Balance August 31, 2022

 

 

 2,421,983

 

 

 

 8.04

 

Cancelled/expired

 

 

 (7,500 )

 

 

 24.00

 

Balance November 30, 2022

 

 

 2,414,483

 

 

 

 7.99

 

 

A summary of warrants outstanding as of November 30, 2022, is presented below:

 

# of Warrants

 

 

Weighted Average

Remaining Contractual Life

 

Weighted Average Exercise

Price $

 

 

60,798

 

 

1.96-2.00 years

 

 

 36.00

 

 

317,190

 

 

2.43 years

 

 

 10.50

 

 

116,667

 

 

1.38-2.29 years

 

 

 9.00

 

 

200,000

 

 

1.38 years

 

 

 7.00

 

 

1,719,828

 

 

3.13 years

 

 

 6.58

 

 

2,414,483

 

 

2.78 years

 

 

 7.99