Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.19.2
Common Shares and Warrants (Tables)
9 Months Ended
May 31, 2019
Equity [Abstract]  
Schedule of option and warrant exercises

Type of Issuance

 

Number of 
Shares

 

 

Total 
Value

 

Warrant Exercise(1)

 

 

1,426,513

 

 

$ 737,122

 

Option Exercise

 

 

430,000

 

 

 

66,250

 

Private Placement

 

 

947,150

 

 

 

1,515,440

 

Per Agreement(2)

 

 

100,000

 

 

 

131,000

 

 

 

 

2,903,663

 

 

$ 2,449,812

 

__________________

(1) Includes 384,212 broker warrants exercised for gross proceeds of $144,799

(2) The Company awarded the restricted common shares as required by consulting contracts.
Schedule for warrant

 

 

Number of

Warrants

 

 

Weighted Average Exercise Price

$

 

Balance, August 31, 2017

 

 

8,844,506

 

 

 

0.29

 

Cancelled/Expired

 

 

(230,000 )

 

 

0.17

 

Exercised

 

 

(6,364,145 )

 

 

0.28

 

Issued

 

 

1,035,913

 

 

 

1.48

 

Balance, August 31, 2018

 

 

3,286,274

 

 

 

0.72

 

Cancelled/Expired

 

 

(17,498 )

 

 

0.59

 

Exercised

 

 

(1,426,513 )

 

 

0.52

 

Issued

 

 

1,183,062

 

 

 

1.98

 

Balance, May 31, 2019

 

 

3,025,325

 

 

 

1.31

 

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

 

 

May 31

2019

 

Expected volatility

 

104% - 117%

 

Risk-free interest rate

 

2.31% - 2.87%

 

Expected life

 

2.00 years

 

Dividend yield

 

 

0.00%

Estimated fair value per warrant

 

$0.52 - $0.57

 

Schedule of warrants outstanding

# of Warrants

 

 

Weighted Average Remaining 
Contractual Life

 

Weighted Average 
Exercise Price 
$

 

200,000

 

 

0.05 years

 

 

0.295

 

250,000

 

 

0.50 years

 

 

0.83

 

500,000

 

 

0.63 years

 

 

1.83

 

975,325

 

 

1.42 years

 

 

2.25

 

100,000

 

 

1.98 years

 

 

0.96

 

250,000

 

 

1.99 years

 

 

1.55

 

750,000

 

 

2.36 years

 

 

0.14

 

3,025,325

 

 

1.42 years

 

 

1.31