v3.25.2
Long-term debt
9 Months Ended
May 31, 2025
Long-term debt.  
Long-term debt

12. Long-term debt

    

As at

    

As at

May 31,

August 31,

2025

2024

   

$

   

$

Term loans, bearing interest at rates varying 9.44% and 13.87% per annum payable in monthly installments of $13,609 ending December 2026.

 

283,367

 

458,640

 

283,367

 

458,640

Current portion of long-term debt

 

92,520

 

101,397

 

190,847

 

357,243

In addition to the above facilities, on September 2, 2024, the Company obtained a temporary bridge loan of $270,500 (US$200,000) bearing interest at 30% per annum and repayable, at the latest, within 90 days from that date. The loan also carried a processing fee of $74,762 (US$55,000) which was recorded in net finance income [note 18]. The Company repaid the loan together with accrued interest of $2,721 on September 17, 2024.