NOTE 5 - CONVERTIBLE DEBENTURES

12 Months Ended

Aug. 31, 2018

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 5 – CONVERTIBLE DEBENTURES

At August 31, 2018, and August 31, 2017 convertible debentures consisted of the following:

	August 31,
	2018		2017
Convertible notes payable	$	840,791	$	840,791
Unamortized debt discount		-		-
Total	$	840,791	$	840,791

The convertible notes payable mature through February 2017, 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 August 31, 2018, an aggregate of $840,791 of convertible promissory notes have matured and remain unpaid.