Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.5.0.2
Stock Options (Tables)
 9 Months Ended
May 31, 2016
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Options     $  
  Balance, August 31, 2014   2,625,000     0.24  
  Expired   (1,100,000 )   0.23  
  Granted   2,175,000     0.11  
  Balance, August 31, 2015   3,700,000     0.17  
  Expired   (50,000 )   0.60  
  Dividend from forward split   375,000     N/A  
  Issued   400,000     0.13  
  Balance, May 31, 2016   4,425,000     0.16  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    May 31 August 31
    2016 2015
  Expected volatility 240% - 241% 243% - 249%
  Risk-free interest rate 1.22% - 1.62% 1.47% - 1.68%
  Expected life 5.00 years 5.00 years
  Dividend yield 0.00% 0.00%
  Estimated fair value per option $0.11 - $0.19 $0.08 - $0.10
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
# of Stock Weighted Weighted
Options Average Average
  Remaining Exercise Price
  Contractual Life $
495,000 * 0.11 years 0.35
440,000 2.05 years 0.10
687,500 3.15 years 0.25
1,567,500 3.56 years 0.11
275,000 3.68 years 0.10
550,000 3.82 years 0.10
110,000 4.30 years 0.19
300,000 4.88 years 0.11
4,425,000 3.11 years 0.16