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