Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.8.0.1
Common Shares and Warrants (Tables)
 3 Months Ended
Nov. 30, 2017
Schedule of Capital Stock, Warrants [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Warrants     $  
  Balance, August 31, 2016   12,136,241     0.18  
  Cancelled/Expired   (1,004,150 )   0.22  
  Exercised   (10,322,025 )   0.23  
  Issued   8,034,440     0.36  
  Balance, August 31, 2017   8,844,506     0.29  
  Exercised   (1,404,437 )   0.19  
  Issued   21,031     0.60  
  Balance, November 30, 2017   7,461,100     0.30  
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block]
  November 30
  2017
Expected volatility 100% – 101%
Risk-free interest rate 1.21%
Expected life 1.36 – 2.00 years
Dividend yield 0.00%
Estimated fair value per warrant $0.40
Schedule of Summary of Warrants Outstanding [Table Text Block]
# of Warrants Weighted Weighted
  Average Average
  Remaining Exercise Price
  Contractual Life $
180,400 0.03 years 0.27
450,000 0.70 years 0.14
500,000 0.70 years 0.44
2,650,666     0.75 years 0.14
500,000 1.11 years 0.23
1,984,796     1.34 years 0.60
245,238 1.34 years 0.42
200,000 1.55 years 0.29
750,000 3.86 years 0.14
7,461,100     1.26 years 0.30