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Consolidated Statements of Cash Flow - CAD ($)
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Operating      
Net loss $ (16,221,757) $ (30,417,517) $ (7,097,397)
Adjustments to reconcile net loss to cash flow from operating activities:      
Depreciation 295,858 353,115 386,845
Write-off of mineral properties and deferred exploration costs 22,229,752
Loss on derivative in gold bullion loans 800,000 1,100,000 200,000
Gain on derivative warrant liabilities (391,000)
Change in fair value of convertible debentures (67,000)
Share based payments 4,340,710 236,000 1,598,883
Accretion on asset retirement obligation 8,580 11,261 11,086
Interest accretion 736,331 988,530 819,060
Foreign exchange 133,675 99,780 (14,011)
Shares issued for payment of interest on bullion loans 785,148 605,775 612,900
Loss on shares issued for settlement of debt 522,281
Loss on settlement of lawsuit 95,241
Other receivables (88,726) (360,716) 64,205
Inventory (425,293) (7,388) (7,902)
Prepaid expenses 19,114 (4,427) (41,753)
Trade, other payables and accrued liabilities 1,510,137 347,912 686,545
Cash used in operating activities (8,564,223) (4,817,923) (2,351,200)
Investing      
Mineral properties and deferred exploration costs, net of recoveries (8,665,411) (3,027,380) (1,305,094)
Proceeds from gold sales 495,573
Property, plant and equipment, net of proceeds from sale (946,601) (24,169) (7,076)
Cash used in investing activities (9,116,439) (3,051,549) (1,312,170)
Financing      
Issuance of common shares for cash, net of issue costs 4,634,051 8,937,563
Interest on leases 9,423 10,965 11,188
Proceeds from issuance of convertible debentures 7,986,000
Proceeds from issuance of convertible loans 6,946,787 1,596,401 1,754,291
Repayment of convertible loans (283,393)
Proceeds from issuance of gold bullion loans 292,241 287,800 1,312,660
Cash provided by financing activities 19,585,109 10,832,729 3,078,139
Net increase (decrease) in cash 1,904,447 2,963,257 (585,231)
Cash, beginning of year 3,389,319 426,062 1,011,293
Cash, end of year 5,293,766 3,389,319 426,062
Non-cash transactions:      
Shares issued pursuant to RSU plan 188,722
Shares issued for interest on gold loans 785,148 699,651 612,900
Shares issued as financing fee for convertible loans 642,095 581,181 234,752
Shares on conversion of loans 15,307,441 2,781,473 792,381
Shares issued for compensation 4,329,710
Exercise of warrants - cashless exercise $ 4,686,444 $ 215,000