Quarterly report pursuant to Section 13 or 15(d)

Stock Options

v3.21.4
Stock Options
 3 Months Ended
Nov. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS
17. STOCK OPTIONS

During the three months ended November 30, 2021 and 2020, the share-based compensation expense was $0 and $199,632.

Stock option transactions under the stock option plan were:

Three months ended

November 30, 2021

Year ended

August 31, 2021
Number of
Options		 Weighted average
exercise price		 Number of
options		 Weighted average
exercise price
Balance, beginning of period 7,250,000 CAD$ 0.79 9,470,000 CAD$ 0.63
Options granted
-
-
-
-
Options forfeited
-
-
 (2,220,000 ) CAD$ 0.11
Balance, end of period 7,250,000 CAD$ 0.79 7,250,000 CAD$ 0.79

Stock options outstanding and exercisable as at November 30, 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 3,300,000
7,250,000 7,250,000
Weighted average remaining contractual life 5.3 years 5.3 years