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STOCK OPTIONS AND WARRANTS (Tables)

3 Months Ended

12 Months Ended

Nov. 30, 2013

Aug. 31, 2013

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

		Options Outstanding
		Weighted Average
	Number of Shares	Exercise Price
Balance, August 31, 2013	2,455,000	$ 0.15
Granted	700,000	0.06
Balance, November 30, 2013	3,155,000	$ 0.13

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	November 30, 2013	August 31, 2012
Expected volatility	204%	134.43%
Risk-free interest rate	1.33%	1.32%
Expected life	5.00 years	5.00 years
Dividend yield	0.00%	0.00%
Estimated fair value per option	$0.05 -	$0.06

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

November 30, 2013		Options outstanding		Options exercisable
	Number	Remaining	Exercise	Number	Exercise
Exercise prices	of shares	contractual	Price	of shares	Price
		life		exercisable
$0.06	675,000	4.93 years	$0.06	675,000	$0.06
$0.09	25,000	4.97 years	$0.09	25,000	$0.09
$0.10	400,000	0.89 years	$0.10	400,000	$0.10
$0.10	450,000	1.08 years	$0.10	450,000	$0.10
$0.15	655,000	2.21 years	$0.15	655,000	$0.15
$0.15	150,000	2.19 years	$0.15	150,000	$0.15
$0.15	250,000	3.30 years	$0.15	250,000	$0.15
$0.18	150,000	1.73 years	$0.18	150,000	$0.18
$0.20	100,000	1.73 years	$0.20	150,000	$0.20
$0.25	300,000	2.51 years	$0.25	300,000	$0.25

	3,155,000	2.60 years	$0.13	3,155,000	$0.13

August 31, 2013		Options outstanding		Options exercisable
	Number	Remaining	Exercise	Number	Exercise
Exercise prices	of shares	contractual	Price	of shares	Price
		life		exercisable

$0.10	400,000	1.14 years	$0.10	400,000	$0.10
$0.10	450,000	1.33 years	$0.10	450,000	$0.10
$0.15	655,000	2.46 years	$0.15	655,000	$0.15
$0.15	150,000	2.44 years	$0.15	150,000	$0.15
$0.15	250,000	3.55 years	$0.15	250,000	$0.15
$0.18	150,000	1.98 years	$0.18	150,000	$0.18
$0.20	100,000	1.98 years	$0.20	150,000	$0.20
$0.25	300,000	2.76 years	$0.25	300,000	$0.25

	2,455,000	2.18 years	$0.15	2,455,000	$0.15

Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]

		Warrant Outstanding
		Weighted Average
	Number of warrant	Exercise Price
Balance, August 31, 2013	5,429,800	$0.12
Granted	2,720,000	$0.10
Balance, August 31, 2013	8,149,800	$0.11

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Number	Exercise	Expiry
Outstanding ¹	Price	Date

2,224,200	$0.15 ; $0.20 after 12 months	April 13, 2014
660,000	$0.10 ; $0.20 after 12 months	July 27, 2015
176,000	$0.10 ; $0.20 after 12 months	Aug 24, 2015
1,154,000	$0.10 ; $0.20 after 12 months	Sep 28, 2015
1,215,600	$0.10 ; $0.20 after 12 months	Nov 15, 2015
2,720,000	$0.10	Nov 26, 2016
8,149,800

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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