Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.21.2
Derivative Liability (Tables)
12 Months Ended
Aug. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Black-Scholes valuation model
Year ended
August 31,
2021
Conversion price CAD$0.03 to CAD$0.25
Risk free interest rate 0.18 to 2.12 %
Expected life of derivative liability 6 to 12 months
Expected volatility of underlying stock 93.9 to 231.8 %
Expected dividend rate 0 %

Schedule of derivative liability
August 31,
2021
Opening balance $ 841,385
Derivative financial liability arising from convertible notes 653,826
Fair value adjustment to derivative liability (1,173,025 )
$ 322,186