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CONVERTIBLE DEBENTURES
12 Months Ended
Aug. 31, 2025
Debt Disclosure [Abstract]  
CONVERTIBLE DEBENTURES

NOTE 5 CONVERTIBLE DEBENTURES

 

The Company’s convertible debentures consisted of the following:

 

   August 31, 
   2025   2024 
Convertible notes payable  $293,253   $517,242 

 

The convertible debentures matured in 2015, and bear interest at ranges between 6% and 15%. The convertible debentures 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.

 

No convertible debentures have been issued since 2015 and none executed since 2016. Certain settlements with holders of convertible debentures have been agreed since 2018 to the Company’s benefit.