Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Options Outstanding |
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Weighted |
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Average |
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Number |
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Exercise |
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of Shares |
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Price |
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Balance, August 31, 2015 |
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3,700,000
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$ |
0.17
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Expired |
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(50,000
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) |
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0.60
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Granted |
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100,000
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0.19
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Forward split |
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375,000
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Balance, February 29, 2016 |
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4,125,000
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$ |
0.16
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Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] |
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February 29, 2016
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Options outstanding
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Options exercisable
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Range of Exercise
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Number
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Weighted
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Weighted
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Number
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Weighted average
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Weighted
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prices
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of shares
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average
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average exercise
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of shares
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remaining
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average
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remaining
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price
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contractual life
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exercise price
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contractual life
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$0.35
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495,000
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0.36
years
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$ |
0.35
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495,000
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0.36
years
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$ |
0.35
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$0.10
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440,000
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2.30
years
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$ |
0.10
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440,000
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2.30
years
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$ |
0.10
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$0.25
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687,500
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3.40
years
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$ |
0.25
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687,500
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3.40
years
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$ |
0.25
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$0.11
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1,567,500
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3.81
years
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$ |
0.11
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3.81
years
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$ |
0.11
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$0.10
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275,000
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3.93
years
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$ |
0.10
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1,567,500
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3.93
years
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$ |
0.10
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$0.10
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550,000
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4.07
years
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$ |
0.10
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275,000
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4.07
years
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$ |
0.10
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$0.19
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110,000
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4.55
years
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$ |
0.19
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550,000
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4.55
years
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$ |
0.19
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110,000
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Total |
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4,125,000
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3.23
years
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$ |
0.16
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4,125,000
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3.23
years
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$ |
0.16
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August 31, 2015
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Options outstanding
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Options exercisable
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Range of
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Number
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Weighted average
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Weighted
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Number
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Weighted average
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Weighted
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Exercise prices
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of shares
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remaining
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average exercise
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of shares
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remaining
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average
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contractual life
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price
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contractual life
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exercise price
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450,000
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0.86
years
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$ |
0.35
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450,000
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0.86
years
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$ |
0.35
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$0.10
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400,000
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2.80
years
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$ |
0.10
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400,000
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2.80
years
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$ |
0.10
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$0.60
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50,000
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3.57
years
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$ |
0.60
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50,000
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3.57
years
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$ |
0.60
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$0.25
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625,000
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3.90
years
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$ |
0.25
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625,000
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3.90
years
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$ |
0.25
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$0.11
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1,425,000
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4.31
years
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$ |
0.11
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1,325,000
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4.30
years
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$ |
0.11
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$0.10
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250,000
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4.43
years
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$ |
0.10
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250,000
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4.43
years
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$ |
0.10
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$0.10
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500,000
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4.57
years
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0.10
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500,000
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4.57
years
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0.10
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Total |
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3,700,000
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3.69
years
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|
$ |
0.17
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3,600,000
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3.68
years
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$ |
0.17
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|