MARKETABLE SECURITIES

3 Months Ended

Nov. 30, 2016

MARKETABLE SECURITIES [Text Block]

4.	MARKETABLE SECURITIES
	As at November 30, 2016 marketable securities consist of 22,500 common shares of Lexaria Corp. obtained through Definitive Agreements as that was signed on March 5, 2014. 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 $0.24 per share as at November 30, 2016 (2016: $0.12 per share).

During the quarter end November 30, 2016, the Company disposed of 134,000 (November 30, 2015: 275,000) common shares of Lexaria Corp. with a cost basis of $25,673 (November 30, 2015: $33,000). The proceeds from the sales of sales were $25,979 (November 30, 2015: $50,287). A gain of $12,599 (November 30, 2015: $29,386) was recognized in profit and loss.