Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants (Tables)

v3.7.0.1
Common Shares and Warrants (Tables)
 6 Months Ended
Feb. 28, 2017
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  
  Cancelled   (38,500 )   0.18  
  Exercised   (3,664,875 )   0.23  
  Issued   4,995,000     0.24  
  Balance, February 28, 2017   13,427,866     0.19  
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block]
  February 28
  2017
Expected volatility 137% – 138%
Risk-free interest rate 0.65% – 0.82%
Expected life 0.46 – 1.00 years
Dividend yield 0.00%
Estimated fair value per warrant $0.09 - $0.23
Schedule of Summary of Warrants Outstanding [Table Text Block]
# of Warrants Weighted Weighted
  Average Average
  Remaining Exercise Price
  Contractual Life $
5,417,500 0.21 years 0.23
323,400 0.21 years 0.18
500,000 0.25 years 0.31
629,375 0.55 years 0.15
290,400 0.78 years 0.27
500,000 0.86 years 0.23
1,558,525 1.45 years 0.14
3,108,666 1.50 years 0.14
350,000 2.26 years 0.14
750,000 4.62 years 0.14
13,427,866 1.00 year(s) 0.19