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STOCK OPTIONS AND WARRANTS (Tables)

9 Months Ended

May 31, 2019

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

				Options Outstanding
				Weighted Average
	Number of Shares			Exercise Price
Balance, August 31, 2017	7,295,000		$	0.07
Granted	1,885,000			0.06
Exercised	(610,000	)		0.05
Balance, August 31, 2018	8,570,000		$	0.07
Granted	-			-
Expired	(250,000	)		0.06
Balance, May 31, 2019	8,320,000		$	0.07

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

	May 31, 2019	May 31, 2018
Expected volatility	-	204%
Risk-free interest rate	-	1.93%
Expected life	-	5.00 years
Dividend yield	-	0.00%
Estimated fair value per option	-	$0.05

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

May 31, 2019

	Options outstanding and
	exercisable
	Number	Remaining
Exercise prices	of shares	contractual
		life
$0.07	550,000	3.98 years
$0.06	535,000	3.95 years
$0.05	800,000	3.41 years
$0.10	500,000	2.92 years
$0.07	1,500,000	2.67 years
$0.07	1,535,000	2.64 years
$0.07	800,000	2.31 years
$0.05	1,100,000	1.40 years
$0.10	1,000,000	0.43 years
	8,320,000	2.63 years

*The aggregate intrinsic value for options outstanding and exercisable as at May 31, 2019 was $Nil.

August 31, 2018

	Options outstanding and
	exercisable
	Number	Remaining
Exercise prices	of shares	contractual
		life
$0.07	550,000	4.73 years
$0.06	535,000	4.70 years
$0.05	800,000	4.16 years
$0.10	500,000	3.67 years
$0.07	1,500,000	3.42 years
$0.07	1,535,000	3.39 years
$0.07	800,000	3.05 years
$0.05	1,100,000	2.15 years
$0.10	1,000,000	1.18 years
$0.06	250,000	0.18 years
	8,570,000	2.88 years

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

				Warrants Outstanding
				Weighted Average
	Number of warrants			Exercise Price
Balance, August 31, 2017	39,191,810		$	0.09
Expired	(16,107,340	)		0.12
Issued	17,704,590			0.06
Exercised	(50,000	)		0.07
Balance, August 31, 2018	40,739,060		$	0.06
Expired	(19,781,137	)		0.07
Issued	8,436,869			0.04
Balance, May 31, 2019	29,394,792		$	0.05

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

Number		Exercise	Expiry
Outstanding¹		Price	Date
6,009,369	$	0.040	March 27, 2023
2,427,500	$	0.050	September 21, 2021
4,800,000	$	0.050	August 31, 2021
2,540,000	$	0.075	May 25, 2020
1,891,590	$	0.075	May 11, 2020
1,688,600	$	0.060	January 12, 2020
4,184,400	$	0.060	December 8, 2019
2,600,000	$	0.060	November 1, 2019
3,253,333	$	0.050 and $0.10 after 18 months	June 8, 2019
29,394,792

¹Each warrant entitles a holder to purchase one common share.

- Definition

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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