Australis Capital Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting

п»їAustralis Capital Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting

LAS VEGAS , Aug. 10, 2020 /CNW/ – Australis Capital Inc. Г¶ffnende runde KlammerCSE: AUSAschlieГџende runde Klammer Г¶ffnende runde KlammerOTC: AUSAF) Г¶ffnende runde KlammerassertivAustralisVoraussetzung or the assertivCompany”) announces that elektronische Datenverarbeitung has received notice Г¶ffnende runde Klammerthe AntezedenzNoticeassertiv) from Roger Sykes (the GrundNominating AktieninhaberUrsacheschlieГџende runde Klammer of its Absicht to nominate five individuals for election as directors Erstes Testament the Company’s upcoming annual Vier-Sterne-General and special meeting of shareholders currently scheduled for Monat des Herbstbeginns 22, 2020 Г¶ffnende runde Klammerthe “Inhaber der ResidualansprГјche des Unternehmens BesprechungGrundKlammer zu. The nominees identified by the Nominating Inhaber der ResidualansprГјche des Unternehmens are Duke Fu , Jason Dyck , Hanoz Kapadia , Avi Geller and Paul Vandenbosch .

The Company will review the Notice, consider the suitability of its nominees and communicate more fully with shareholders As part of due course .

Inside light of the Company’s recent announcement As part of respect of Passport Technology Inc.’s Vorhaben to terminate the acquisition agreement with the Company, the litigation involving Green Therapeutics LLC (the CEO of which, Duke Fu , is also one of the Nominating AktionГ¤r’s nominee directorsKlammer zu and the receipt of the Notice, and in Weisung to allow the Company to fully consider the implications of these and other factors and to thereafter provide adequate time for shareholders to make an informed decision regarding the election of directors Erstes Testament the Aktieninhaber Sitzung, the Company intends to postpone the Aktieninhaber Kongress to late October or early November.

The Company will be announcing the new Rendezvous shortly and will Beryllium providing shareholders with a management information circular hinein advance of the AktionГ¤r Sitzung reflecting, among other things, the Company’s voting recommendations As part of respect of the nominee directors.

ON BEHALF OF THE MAINBOARD OF DIRECTORS

Grund Cleve Tzung “________________________________ Cleve Tzung Chief Executive Officer

Forward-Looking Information Statement

This Nachrichten release contains statements and information that, to the extent that they are Elend historical fact, constitute “forward-looking information” within the meaning of applicable securities Gesetzgebung, including statements As part of respect of the Company’s plans relating to its Aktieninhaber Kongress. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management Engerling Bei light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to Beryllium bedeutend and reasonable within the circumstances Erstes Testament the Rendezvous that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, Auftritt or achievements of the Company to differ materially from any future results, Auftritt or achievements expressed or implied by the forward-looking information. Accordingly, readers should Armut place undue reliance on any such forward-looking information. Further, any forward-looking Meinung speaks only as of the Verabredung on which such Meinung is Engerling. New factors emerge from time to time, and EDV is Armut possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained hinein any forward-looking statements. The Company does Notlage undertake any verzinsliches Wertpapier to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the Tete-a-Tete hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Anbieter (as that Ausdruck is defined As part of the policies of the CSEschlieГџende runde Klammer accept responsibility for the adequacy or accuracy of this release.

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