Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants

v3.21.4
Common Shares and Warrants
3 Months Ended
Nov. 30, 2021
Common Shares and Warrants  
12. Common Shares and Warrants

12.

Common Shares and Warrants

 

The fair value of share purchase warrants granted was estimated as of the date of the grant by using the Black-Scholes option pricing model. During the quarter ended November 30, 2021, the Company issued no warrants.

 

A continuity schedule for warrants is presented below:

 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price $

 

Balance August 31, 2020

 

 

471,608

 

 

 

16.77

 

Cancelled/expired

 

 

(44,161 )

 

 

67.50

 

Exercised

 

 

(610,189 )

 

 

6.58

 

Issued

 

 

2,630,017

 

 

 

6.58

 

Balance August 31, 2021

 

 

2,447,275

 

 

 

8.00

 

Cancelled/expired

 

 

(25,292 )

 

 

4.57

 

Balance November 30, 2021

 

 

2,421,983

 

 

 

8.04

 

 

A summary of warrants outstanding as of November 30, 2021, is presented below:

 

# of Warrants

Weighted Average Remaining Contractual Life

Weighted Average Exercise Price $

7,500

0.96 years

24.00

100,000

2.38 years

9.00

200,000

2.38 years

7.00

51,814

2.96 years

36.00

8,984

3.00 years

36.00

16,667

3.29 years

9.00

317,190

3.43 years

10.50

1,719,828

4.13 years

6.58

2,421,983

3.86 years

8.04