Quarterly report pursuant to Section 13 or 15(d)

Promissory Notes Payable

v3.21.4
Promissory Notes Payable
3 Months Ended
Nov. 30, 2021
Promissory Notes Payable [Abstract]
PROMISSORY NOTES PAYABLE
11. PROMISSORY NOTES PAYABLE

Principal
due
Principal
due
Lender Maturity
Date
Interest
Rate
November 30,
2021
August 31,
2021
Promissory notes
Private lender April 29, 2022 10.00 % $ 23,298 $ 23,298

On April 29,2021 the Company issued a promissory note to a private lender in the aggregate sum of $500,000. The promissory note bears interest at 10% per annum and is repayable on April 29, 2022. The Company repaid $476,702 of the outstanding balance as at November 30, 2021. The balance remaining at November 30, 2021 is $23,298.