Annual report pursuant to Section 13 and 15(d)

Common Shares and Warrants (Tables)

v3.5.0.2
Common Shares and Warrants (Tables)
12 Months Ended
Aug. 31, 2016
Schedule of Capital Stock, Warrants [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Warrants     $  
  Balance, August 31, 2014   14,250,184     0.23  
  Expired   (607,618 )   0.36  
  Issued   6,197,620     0.23  
  Balance, August 31, 2015   19,840,186     0.23  
  Expired   (13,978,286 )   0.22  
  Issued   6,274,341     0.15  
  Balance, August 31, 2016   12,136,241     0.18  
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block]
  August 31 August 31
  2016 2015
Expected volatility 237% - 240% N/A
Risk-free interest rate 0.74% - 0.95% N/A
Expected life 1.5 – 2 years N/A
Dividend yield 0.00% N/A
Estimated fair value per option $0.09 - $0.19 N/A
Schedule of Summary of Warrants Outstanding [Table Text Block]
# of Warrants Weighted Weighted
  Average Average
  Remaining Exercise Price
  Contractual Life $
5,500,000 0.70 years 0.23
361,900 0.70 years 0.18
758,750 1.04 years 0.15
290,400 1.28 years 0.27
1,558,525 1.95 years 0.14
3,316,666 2.00 years 0.14
350,000 2.76 years 0.14
12,136,241 1.31 years 0.18