Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.20.1
Common Shares and Warrants (Tables)
6 Months Ended
Feb. 29, 2020
Equity [Abstract]  
Schedule of option and warrant exercises

 

Type of Issuance

   

Number of

     

Total

 
     

Shares

     

Value $

 

Option exercise

   

110,000

     

11,000

 

Private placement(1)

 

 

1,823,745

 

 

 

820,685

 

 

 

 

1,933,745

 

 

$ 831,685

 

Schedule of warrant

 

 

Number of

Warrants

 

 

Weighted Average Exercise

Price $

 

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

 

Cancelled/expired

   

(750,000

)    

1.50

 

Issued

 

 

2,057,495

 

 

 

0.80

 

Balance February 29, 2020

 

 

4,132,820

 

 

 

1.07

 

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

 

 

February 29

2020

 

Expected volatility

 

 

91%

 

Risk-free interest rate

 

 

2.87%

 

Expected life

 

 

2 years

 

Dividend yield

 

 

0.00%

 

Estimated fair value per warrant

 

 

$0.28 - $0.43

 

Schedule of warrants outstanding

 

# of Warrants

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average Exercise Price $

 

975,325

 

 

0.67 years

 

 

2.25

 

100,000

 

 

1.23 years

 

 

0.96

 

250,000

 

 

1.24 years

 

 

1.55

 

750,000

 

 

1.60 years

 

 

0.14

 

225,000

 

 

2.68 years

 

 

0.80

 

1,562,995     1.71 years     0.80  
269,500     1.75 years     0.80  

4,132,820

 

 

1.46 years

 

 

1.07