LONG TERM INVESTMENTS

9 Months Ended

May. 31, 2015

LONG TERM INVESTMENTS [Text Block]

5. LONG TERM INVESTMENTS

Global Solar Water Power Systems Inc. (“GSWPS”)

On February 28, 2010, the Company entered into an Asset and Share Purchase Agreement with the Company’s former chief technical officer - Mr. Mark Snyder to acquire up to 20% ownership interest of GSWPS.

During the year ended August 31, 2013, based on the management’s assessment of GSWPS’s current operations, the Company decided to write down long-term investment in GSWPS to $1.