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 |
|
|