RELATED PARTY TRANSACTIONS

12 Months Ended

Aug. 31, 2020

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS [Text Block]

6. RELATED PARTY TRANSACTIONS

For the year ended August 31, 2020, the Company was party to the following related party transactions with key management personnel, which consists of the President and Chief Executive Officer of the Company and its directors:

• Incurred $10,500 (2019 - $42,000) to the President of the Company in consulting fees (Note 8). As at August 31, 2019, the accounts payable to the President of the Company was $188,834 (2019: $203,221)
• Repaid a short-term loan from the President of the Company in the amount of CAD$21,156 including accrued interest ($15,968).
• Incurred $Nil (2019: $395) to a director of the Company.

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