Related Party Transactions
|9 Months Ended|
May 31, 2018
|Related Party Transactions [Text Block]||
For the period ended May 31, 2018 the Company paid/accrued the following:
(1) C.A.B. Financial Services is owned by the CEO of the Company, M&E Services Ltd. is owned by the CFO of the Company (as of June 1 2017), and Docherty Management Limited is owned by the President of the Company.
The Company granted a total of 1,700,000 incentive stock options to officers and directors of the Company with a fair value of $1,844,425 and included in Consulting expense (Note 12).
Due to related parties:
As at May 31, 2018, $9,110 (August 31, 2017 - $42,690) was payable to related parties included in due to related parties.
The related party transactions are recorded at the exchange amount established and agreed to between the related parties.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef