Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.20.1
Stock Options (Tables)
6 Months Ended
Feb. 29, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

550,000

 

 

 

0.47

 

 

 

5

 

60,000(1)

 

 

 

0.43

 

 

 

5

 

610,000

 

 

 

0.47

 

 

 

 

 

            

(1) Options granted vest 20,000 on grant and 20,000 annually thereafter until fully vested.

Schedule of stock options

 

 

Options

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Contractual Term 

(Years)

 

Aggregate Intrinsic Value $

Balance August 31, 2018

 

 

4,800,000

 

 

 

0.71

 

 

 

 

 

Cancelled/expired

    (1,415,000

)

    0.66    

Exercised

 

 

(430,000 )

 

 

0.15

 

 

 

 

 

Granted

 

 

2,048,000

 

 

 

1.00

 

 

 

 

 

Balance August 31, 2019

 

 

5,003,000

 

 

 

0.89

 

 

 

 

 

Cancelled/expired

   

(550,000

)    

0.09

         

Exercised

   

(110,000

)    

0.10

         

Granted

 

 

1,610,000

 

 

 

0.54

 

 

 

 

 

Balance February 29, 2020 (Outstanding)

 

 

5,953,000  

 

 

0.88

 

 

3.69

 

  94,510

Balance February 29, 2020 (Exercisable)

 

 

4,397,341

 

 

 

0.94

 

 

3.46

 

  90,910
Schedule of fair value of options granted

 

 

February 29

2020

 

Expected volatility

 

 

95%-96% 

 

Risk-free interest rate

 

 

1.45%—1.68%

 

Expected life

 

 

5 years

 

Dividend yield

 

 

0.00%

 

Estimated fair value per option

 

 

$0.30 - $0.39