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16. Subsequent Events
6 Months Ended
Feb. 29, 2016
Notes  
16. Subsequent Events

16.          SUBSEQUENT EVENTS

 

On March 7, 2016, the Company announced the Board of Directors approved a new share purchase plan in accordance with Rule 10b-18. The Company can purchase for cancellation up to 250,000 common shares through the facilities of NASDAQ. The plan commenced on March 10, 2016 and remains in place until August 25, 2016, but may be limited or terminated at any time without prior notice. As of the date of this Form 10-Q, the Company has repurchased a total of 5,042 common shares under the plan. The total cost was $56,596 at an average price of $11.22 per share.