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LOANS PAYABLE
3 Months Ended
Nov. 30, 2019
Disclosure Text Block [Abstract]  
Short-term Debt [Text Block]

NOTE 4 – LOANS PAYABLE


   

November 30,

2019 

   

August 31,

2019 

 

Loans payable

  $ 806,868     $ 671,424  

The loans payables are due on demand, are unsecured, and are 2-12% interest bearing.


During the three-month periods ended November 30, 2019 and 2018, the Company generated loan proceeds of $135,444 and $51,077, respectively.


In connection with the issuance of the loans payable, the Company issued 12,000,000 restricted common shares of its common stock during the fiscal year 2019.


The company may have to provide additional consideration (which may be in cash, shares or other financial instruments) up to amounts accrued to satisfy its obligations under certain unsecured loans payable.