MARKETABLE SECURITIES

9 Months Ended

May 31, 2016

MARKETABLE SECURITIES [Text Block]

4.	MARKETABLE SECURITIES
	As at May 31, 2016 marketable securities consist of 375,000 common shares of Cheetah Oil & Gas Ltd. obtained through the disposal of the Company's oil and gas properties in Mississippi in 2010. The Company classified the securities owned as held-for-trade and recorded at fair value.
	The fair value of the common shares of Cheetah Oil & Gas Ltd. was $0.01 per share as at May 31, 2016 (August 31, 2015 - $0.01).
	As at May 31, 2016 marketable securities consist of 231,500 common shares of Lexaria Corp. obtained through Definitive Agreements as per Note 6. The Company classified the securities owned as held-for- trade and recorded at fair value.
	The fair value of the common shares of Lexaria Corp. was $0.09 per share as at May 31, 2016.