Press Release: Australis Capital Announces Termination of Merger Agreement with Folium Biosciences

Press Release: Australis Capital Announces Termination of Merger Agreement with Folium Biosciences

Feb. 18, 2020 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) previously announced on, December 11, 2019, a proposed merger by and among AUSA, Folium Equity Holding LLC (“Folium”) and Folium Merger Sub, LLC by which Folium would become a wholly owned subsidiary of AUSA, and AUSA would be rebranded as and carry on the business of Folium. AUSA recently discovered new relevant information with regard to Folium and, on that basis, AUSA has decided to not proceed with the merger. “AUSA continues to lean heavily on corporate governance and our vision to navigate through an incredibly unpredictable…

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Source : CANNANNEW REPORT
Link to original : Press Release: Australis Capital Announces Termination of Merger Agreement with Folium Biosciences
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