Business
Australis Capital Announces the Termination by Passport Technology of Pending Acquisition Agreement
Australis Capital Announces the Termination by Passport Technology of Pending Acquisition Agreement.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Capital Announces the Termination by Passport Technology of Pending Acquisition Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAustralis Capital Announces the Termination by Passport Technology of Pending Acquisition Agreement\nPR Newswire\nLAS VEGAS, Aug. 3, 2020\n\n\n\nLAS VEGAS, Aug. 3, 2020 /PRNewswire/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (\"AUSA\" or the \"Company\") announces that it has been informed by Passport Technology, Inc. (\"Passport\") that Passport has terminated the pending acquisition agreement previously announced by AUSA on June 25, 2020. The terms of the acquisition agreement require Passport to pay a break fee and the Company's demonstrated expenses. \n\n \n \n \n \n \n \n\n \nAbout Australis Capital Inc. \nAUSA invests in, operates and builds transformative, differentiated companies operating in highly regulated industries. Initially focused on investments in the cannabis industry including Body and Mind Inc., Quality Green, and Cocoon Technology, AUSA has expanded its business to offer proprietary unattended hardware and software technology to industries with the highest regulatory compliance standards along with supporting payment and fulfillment services. The globally available kiosk platforms are purpose-built in the cloud to deliver custom solutions in complex environments while emboldening customer confidence with features including data analytics, privacy, security and regulatory compliance.  The Platform-as-a-Service (PaaS) technology delivers recurring revenue through long-term exclusive agreements initially focused on regulated retail environments while portable and scalable to profitably support organic growth and complementary acquisition opportunities.\nThe Company's Common shares trade on the CSE under the symbol \"AUSA\" and on the OTCQB under the symbol \"AUSAF\".\nFor further information about AUSA, please visit the website at ausa-corp.com or contact the Company by e-mail at [email protected].  \nON BEHALF OF THE BOARD OF DIRECTORS\n\"...