3. EQUITY (Tables)

12 Months Ended

Feb. 28, 2021

Equity [Abstract]

Stock option activity

				Weighted Average
	Number of Options			Exercise Price Per Share
Outstanding at February 29, 2020		-		$	-
Granted		3,035,000			0.50
Exercised		-			-
Forfeited and expired		(2,250,000	)		0.50
Outstanding at February 28, 2021		785,000			0.50

The following table discloses information regarding outstanding and exercisable options at February 28, 2021:

		Outstanding						Exercisable
				Weighted Average		Weighted Average				Weighted Average
Exercise Price		Number of Options		Exercise Price Per Share		Remaining Life (Years)		Number of Options		Exercise Price Per Share
$	0.50		785,000	$	0.50		9.24		752,000	$	0.50

Valuation assumptions

Expected life	5- 10 years
Volatility		113.89- 120.59	%
Dividend yield		0	%
Risk free interest rate		0.36% - 0.59	%