|12 Months Ended|
Aug. 31, 2019
|Share-based Payment Arrangement [Abstract]|
The Company has a stock option plan which allows the Board of Directors of the Company to grant options to acquire common shares of the Company to directors, officers, key employees and consultants. The option price, term and vesting are determined at the discretion of the Board of Directors, subject to certain restrictions as required by the policies of the TSX Venture Exchange. The stock option plan is a 20% fixed number plan with a maximum of 35,248,349 common shares reserved for issue at August 31, 2019.
During the year ended August 31, 2019, the Company did not grant any stock options to directors, officers and consultants of the Company (August 31, 2018 –9,775,000).
During the year ended August 31, 2019 the share-based compensation expense of $916,240 (2018 - $5,980,322) relates to the vesting of options granted during the year ended August 31, 2018.
Stock option transactions under the stock option plan were:
Stock options outstanding and exercisable as at August 31, 2019 are:
The entire disclosure for share-based payment arrangement.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef