Quarterly report pursuant to Section 13 or 15(d)

Stock Options

v3.21.2
Stock Options
 9 Months Ended
May 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS
16. STOCK OPTIONS

During the nine months ended May 31, 2021 the share-based compensation expense of $616,311 relates to the vesting of options granted during the current and prior fiscal year.


Stock option transactions under the stock option plan were:


Nine months ended
May 31, 2021		 Year ended
August 31, 2020
Number of Options Weighted
average
exercise
price		 Number of options Weighted
average
exercise
price
Balance, beginning of period 9,470,000 CAD$ 0.63 9,808,333 CAD$ 1.20
Options granted - 5,220,000 0.10
Options forfeited (2,220,000 ) CAD$ 0.11 (5,558,333 ) CAD$ 1.14
Balance, end of period 7,250,000 CAD$ 0.79 9,470,000 CAD$ 0.63

Stock options outstanding and exercisable as at May 31, 2021 are:


Expiry Date Exercise
Price		 Options
Outstanding		 Options
Exercisable
August 7, 2025 CAD$ 0.085 3,000,000 3,000,000
November 30, 2027 CAD$ 2.270 950,000 950,000
June 5, 2028 CAD$ 1.000 3,300,000 2,475,000
7,250,000 6,425,000
Weighted average remaining contractual life 5.8 years 5.6 years