CONVERTIBLE DEBENTURES

6 Months Ended

Feb. 28, 2021

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 5 – CONVERTIBLE DEBENTURES

At February 28, 2021, and August 31, 2020 convertible debentures consisted of the following:

	February 28, 2021		August 31, 2020
Convertible notes payable	$	840,791	$	840,791
Unamortized debt discount		-		-
Total	$	840,791	$	840,791

The convertible notes payable matured through February 28, 2021, and bear interest at ranges between 6% and 15%. The convertible 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.