Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.21.1
Related Party Transactions
6 Months Ended
Feb. 28, 2021
Related Party Transactions [Abstract]  
Related Party Transactions

15.

Related Party Transactions

 

Management, consulting and director services

 

February 28, 2021

 

 

February 29, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract

 

 

Non Cash

 

 

Total

 

 

Contract

 

 

Non Cash

 

 

Total

 

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

CAB Financial Services(1)

 

 

136,566

 

 

 

 

 

 

136,566

 

 

 

131,557

 

 

 

 

 

 

131,557

 

M&E Services Ltd.(1)

 

 

62,559

 

 

 

 

 

 

62,559

 

 

 

58,785

 

 

 

 

 

 

58,785

 

Docherty Management Limited(1)

 

 

124,987

 

 

 

 

 

 

124,987

 

 

 

113,569

 

 

 

187,069

 

 

 

300,638

 

Directors

 

 

37,533

 

 

 

13,612

 

 

 

51,145

 

 

 

35,214

 

 

 

 

 

 

35,214

 

 

 

 

361,645

 

 

 

13,612

 

 

 

375,257

 

 

 

339,125

 

 

 

187,069

 

 

 

526,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) C.A.B. Financial Services is owned by the CEO of the Company, M&E Services Ltd. is owned by the CFO of the Company, and Docherty Management Limited is owned by the President of the Company.

 

All related party transactions pertain to management and director agreements entered into in the normal course of business (Note 17).

 

Due to related parties:

 

Related party transactions are recorded at the exchange amount established and agreed to between the related parties. As at February 28, 2021, $206,806 (August 31, 2020 - $58,704) was payable to related parties and included in due to related parties.