Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
9 Months Ended
May 31, 2016
Subsequent Events [Text Block]
16.

Subsequent Events


  a)

The Company closed a private placement of 700,000 units priced at $0.11 per unit for gross proceeds of $77,000. Each unit consisted of one common share of the Company and one-half of a non-transferrable share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company for a period of three years at an exercise price of $0.14 per share.

     
  b)

The Company engaged a consultant for marketing and investor relations services for monthly compensation of CAD$6,000 and the issuance of 300,000 stock options with an exercise price of $0.14, expiring five years from the date of grant. The service contract is for a 12 -month period.

     
  c)

The Company issued 25,000 stock options to a consultant of the Company vesting immediately, with an exercise price of $0.14 per share and expiring 5 years from the date of grant.