Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.6.0.2
Common Shares and Warrants (Tables)
3 Months Ended
Nov. 30, 2016
Schedule of Capital Stock, Warrants [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Warrants      $  
  Balance, August 31, 2015   19,840,186     0.23  
  Expired   (13,978,286 )   0.22  
  Issued   6,274,341     0.15  
  Balance, August 31, 2016   12,136,241     0.18  
  Exercised   (3,245,000 )   0.23  
  Issued   4,495,000     0.22  
  Balance, November 30, 2016   13,386,241     0.19  
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block]
      November 30  
      2016  
  Expected volatility   137%  
  Risk-free interest rate   0.65% - 0.78%  
  Expected life   0.46 – 0.54 years  
  Dividend yield   0.00%  
  Estimated fair value per warrant $ 0.08  
Schedule of Summary of Warrants Outstanding [Table Text Block]
  # of Warrants Weighted Weighted
    Average Average
    Remaining Exercise Price
    Contractual Life $
  5,500,000 0.45 years 0.23
  361,900 0.45 years 0.18
  500,000 0.50 years 0.31
  758,750 0.79 years 0.15
  290,400 1.03 years 0.27
  1,558,525 1.70 years 0.14
  3,316,666 1.75 years 0.14
  350,000 2.51 years 0.14
  750,000 4.86 years 0.14
  13,386,241 1.25 years 0.19