Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants

v3.21.1
Common Shares and Warrants
6 Months Ended
Feb. 28, 2021
Equity [Abstract]  
Common Shares and Warrants

12.        Common Shares and Warrants

 

During the quarter ended February 28, 2021 the Company issued the following shares and warrants summarized in the table presented below:

 

Type of Issuance

 

Number of Shares

 

 

Total Value

 

Placement(1)

 

 

2,102,856

 

 

$ 11,039,994

 

 

 

 

 

 

 

 

 

 

(1) Total fees of $1,568,499 were paid for total net receipt of $9,471,495

 

A continuity schedule for warrants is presented below:

 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price $

 

Balance August 31, 2019

 

 

94,177

 

 

 

41.40

 

Cancelled/expired

 

 

(25,000 )

 

 

44.90

 

Issued

 

 

402,431

 

 

 

12.74

 

Balance August 31, 2020

 

 

471,608

 

 

 

16.77

 

Cancelled/expired

 

 

(32,493 )

 

 

67.50

 

Issued

 

 

2,330,017

 

 

 

6.58

 

Balance February 28, 2021

 

 

2,769,132

 

 

 

7.87

 

 

A summary of warrants outstanding as of February 28, 2021 is presented below:

 

# of Warrants

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average Exercise Price $

 

 

3,334

 

 

0.23 years

 

 

28.80

 

 

8,334

 

 

0.24 years

 

 

46.50

 

 

25,000

 

 

0.61 years

 

 

4.20

 

 

292

 

 

0.71 years

 

 

36.00

 

 

7,500

 

 

1.68 years

 

 

24.00

 

 

51,814

 

 

3.71 years

 

 

36.00

 

8,984

 

 

3.75 years

 

 

36.00

 

 

16,667

 

 

4.05 years

 

 

9.00

 

 

267,618

 

 

4.19 years

 

 

10.50

 

 

49,572

 

 

4.20 years

 

 

10.50

 

 

2,330,017

 

 

4.88 years

 

 

6.58

 

 

2,769,132

 

 

4.70 years

 

 

7.87