COMMON STOCK |
3 Months Ended |
|---|---|
Nov. 30, 2021 | |
| Stockholders' Equity Note [Abstract] | |
| COMMON STOCK [Text Block] |
7. COMMON STOCK On October 28, 2019 the Company issued 1,000,000 shares to Eagle Plains Resources Ltd. upon entering LOI (Note 5). As at November 30, 2020 and August 31, 2020 the Company had 128,471,700 shares issued and outstanding. On December 14, 2020 the Company issued 1,000,000 common shares and an additional 1,000,000 common shares in escrow in connection with the signed Definitive Agreement (Note 6). On January 14, 2021 the Company closed the final tranche of a private placement of 3,000,000 units at a price of $0.06 per unit for gross proceeds of $180,000. Each unit consists of one common share of the Company and one half (0.5) of a non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months from the date of issuance at a purchase price of $0.09. During the year ended August 31, 2021 the Company also issued 3,020,000 common shares as a result of the exercise of stock options and 2,720,000 common shares as a result of the exercise of warrants (Note 9). As at November 30, 2021 the Company had 142,002,700 shares issued and outstanding and August 31, 2021 the Company had 139,211,700 shares issued and outstanding. |