RELATED PARTIES TRANSACTION

9 Months Ended

May 31, 2020

Related Party Transactions [Abstract]

RELATED PARTIES TRANSACTION [Text Block]

5. RELATED PARTIES TRANSACTION

For the nine month period ended May 31, 2020, the Company was party to the following related party transactions:

• Incurred $10,500 (May 31, 2019: $31,500) to the President of the Company in consulting fees. As at May 31, 2020, the accounts payable to the President of the Company was $194,515 (August 31, 2019: $203,221). The President of the Company voluntarily suspended and terminated accrual of consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost.
• During the year ended August 31, 2019, the Company received a short-term loan from the President of the Company in the amount of CAD$20,000 ($15,301). The loan accrued interest at 10% per annum and had an original term of 90 days, to be repaid, with interest, on October 19, 2019. The loan and the related interest, together amounting to $15,968, was repaid to the President of the Company on February 15, 2020.

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.