On September 11, 2014, the board of directors granted options to directors and consultants to acquire a total of 1,875,000 common shares at an exercise price of $0.36 (CAD$0.40) per share and vest immediately with an expiry term of five years. The fair value of each option used for the purpose of estimating the stock compensation is calculated using the Black-Scholes option pricing model and the Company will expense compensation costs for $529,188 in the next quarter ending November 30, 2014.