Debt

3 Months Ended

Nov. 30, 2017

Debt:

Debt Disclosure

LOANS PAYABLE

	November 30, 2017	August 31, 2017
Loans payable	$                 426,000	$                 370,000

The loans payables are due on demand, are unsecured, and are non-interest bearing.

During the three-month period ended November 30, 2017 and 2016, the Company generated loan proceeds of $56,000 and $0, respectively.

Convertible Debt

CONVERTIBLE DEBENTURES

At November 30, 2017 and August 31, 2017 convertible debentures consisted of the following:

	November 30, 2017	August 31, 2017
Loans payable	$              840,791	$         840,791
Unamortized debt discount	-	-
Total	$              840,791	$         840,791

The convertible notes payable mature through January 2016, some of which are payable on demand and they bear interest at ranges between 6% and 15%. The convertible promissory notes are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion. As of November 30, 2017, an aggregate of $840,791 of convertible promissory notes have matured and remainunpaid.