Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.3.1.900
Stock Options (Tables)
 3 Months Ended 12 Months Ended
Nov. 30, 2015
Aug. 31, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 

 

         Options Outstanding  
 

 

         Weighted  
 

 

         Average  
 

 

   Number     Exercise  
 

 

   of Shares     Price  
 

Balance, August 31, 2015

   3,700,000   $ 0.17  
 

Expired

   (50,000 )   0.60  
 

Granted

   100,000     0.19  
 

Balance, November 30, 2015

   3,750,000   $ 0.17  
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 

 

 November 30, August 31,
 

 

 2015 2015
 

Expected volatility

 243%- 249% 243%- 249%
 

Risk-free interest rate

 1.47 - 1.68% 1.47 - 1.68%
 

Expected life

 5.00 years 5.00 years
 

Dividend yield

 0.00% 0.00%
 

Estimated fair value per option

 $0.08 -$0.10 $0.08 -$0.10
 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
  November 30, 2015         Options outstanding           Options exercisable  
                                       
  Range of Exercise   Number     Weighted     Weighted     Number     Weighted average     Weighted  
  prices   of shares     average     average exercise     of shares     remaining     average  
            remaining     price           contractual life     exercise price  
            contractual life                          
  $0.35   450,000     0.61 years   $ 0.35     450,000     0.86years   $ 0.35  
  $0.10   400,000     2.55 years   $ 0.10     400,000     2.80 years   $ 0.10  
  $0.25   625,000     3.65 years   $ 0.25     625,000     3.90 years   $ 0.25  
  $0.11   1,425,000     4.06 years     0.11     1,325,000     4.30 years     0.11  
  $0.10   250,000     4.18 years   $ 0.10     250,000     4.43 years   $ 0.10  
  $0.10   500,000     4.32 years   $ 0.10     500,000     4.57 years   $ 0.10  
  $0.19   100,000     4.80 years   $ 0.19     100,000     4.80 years   $ 0.19  
                $                 $    
  Total   3,750,000     3.48 years   $ 0.16     3,650,000     3.47 years   $ 0.16  
  August 31, 2015         Options outstanding           Options exercisable  
                                       
  Range of   Number     Weighted average     Weighted     Number     Weighted average     Weighted  
  Exercise prices   of shares     remaining       average exercise     of shares     remaining     average  
            contractual life     price           contractual life     exercise price  
      450,000     0.86 years   $ 0.35     450,000     0.86 years   $ 0.35  
  $0.10   400,000     2.80 years   $ 0.10     400,000     2.80 years   $ 0.10  
  $0.60   50,000     3.57 years   $ 0.60     50,000     3.57 years   $ 0.60  
  $0.25   625,000     3.90 years   $ 0.25     625,000     3.90 years   $ 0.25  
  $0.11   1,425,000     4.31 years   $ 0.11     1,325,000     4.30 years   $ 0.11  
  $0.10   250,000     4.43 years   $ 0.10     250,000     4.43 years   $ 0.10  
  $0.10   500,000     4.57 years     0.10     500,000     4.57 years     0.10  
  Total   3,700,000     3.69 years   $ 0.17     3,600,000     3.68 years   $ 0.17