Annual report pursuant to Section 13 and 15(d)

Common Shares and Warrants (Tables)

v3.19.3
Common Shares and Warrants (Tables)
12 Months Ended
Aug. 31, 2019
Equity [Abstract]  
Schedule of option and warrant exercises

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 for warrant

 

 

Number of Warrants

 

 

Weighted

Average

Exercise

Price $

 

Balance August 31, 2017

 

 

8,844,506

 

 

 

0.29

 

Cancelled/Expired

 

 

(230,000 )

 

 

0.17

 

Exercised

 

 

(6,364,145 )

 

 

0.28

 

Issued

 

 

1,035,913

 

 

 

1.48

 

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

 

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

 

 

August 31

2019

 

August 31

2018

Expected volatility

 

1% – 117%

 

100% – 154%

Risk-free interest rate

 

2.31% – 2.87%

 

1.21% – 2.60%

Expected life

 

1 day – 2 years

 

1.21 – 3 years

Dividend yield

 

0.00%

 

0.00%

Estimated fair value per warrant

 

$Nil – $0.57

 

$0.40 – $1.48

Schedule of warrants outstanding

# of Warrants

 

 

Weighted Average Remaining

Contractual Life

 

Weighted Average

Exercise Price $

 

 

250,000

 

 

0.25 years

 

 

0.83

 

 

500,000

 

 

0.38 years

 

 

1.83

 

 

975,325

 

 

1.17 years

 

 

2.25

 

 

100,000

 

 

1.73 years

 

 

0.96

 

 

250,000

 

 

1.73 years

 

 

1.55

 

 

750,000

 

 

2.11 years

 

 

0.14

 

 

2,825,325

 

 

1.27 years

 

 

1.38