Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.5.0.2
Stock Options (Tables)
12 Months Ended
Aug. 31, 2016
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Options     $  
  Balance, August 31, 2014 (vested and outstanding)   2,887,500     0.22  
  Expired   (1,210,000 )   0.21  
  Granted   2,392,500     0.10  
  Balance, August 31, 2015 (vested and outstanding)   4,070,000     0.15  
  Expired   (385,000 )   0.32  
  Cancelled   (935,000 )   0.16  
  Granted   735,000     0.13  
  Balance, August 31, 2016 (vested and outstanding)   3,485,000     0.13  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
  August 31 August 31
  2016 2015
Expected volatility 240% - 241% 243% - 249%
Risk-free interest rate 1.22% - 1.62% 1.47% - 1.66%
Expected life 5.00 years 5.00 years
Dividend yield 0.00% 0.00%
Estimated fair value per option $0.11 - $0.19 $0.08 - $0.10
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
# of Stock Weighted   Weighted     Aggregate  
Options Average   Average     Intrinsic Value  
  Remaining   Exercise Price        
  Contractual Life   $     $  
247,500 1.80 years   0.09     4,950  
660,000 2.90 years   0.23     (85,800 )
1,017,500 3.31 years   0.10     10,175  
275,000 3.43 years   0.09     5,500  
550,000 3.57 years   0.09     11,000  
110,000 4.05 years   0.17     (7,700 )
300,000 4.62 years   0.11     3,000  
325,000 4.76 years   0.14     (6,500 )
3,485,000 3.45 years   0.13     (65,375 )