Business
Australis Capital Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting
Australis Capital Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Capital Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting\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 Receives Notice of Dissident Nominees; Will Reschedule Shareholder Meeting\nPR Newswire\nLAS VEGAS, Aug. 10, 2020\n\n\n\nLAS VEGAS, Aug. 10, 2020 /PRNewswire/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (\"Australis\" or the \"Company\") announces that it has received notice (the \"Notice\") from Roger Sykes (the \"Nominating Shareholder\") of its intention to nominate five individuals for election as directors at the Company's upcoming annual general and special meeting of shareholders currently scheduled for September 22, 2020 (the \"Shareholder Meeting\").  The nominees identified by the Nominating Shareholder are Duke Fu, Jason Dyck, Hanoz Kapadia, Avi Geller and Paul Vandenbosch.  \n\n \n \n \n \n \n \n\n \nThe Company will review the Notice, consider the suitability of its nominees and communicate more fully with shareholders in due course.  \nIn light of the Company's recent announcement in respect of Passport Technology Inc.'s intention 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 Shareholder's nominee directors) and the receipt of the Notice, and in order 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 at the Shareholder Meeting, the Company intends to postpone the Shareholder Meeting to late October or early November.    \nThe Company will be announcing the new date shortly and will be providing shareholders with a management information circular in advance of the Shareholder Meeting reflecting, among other things, the Company's voting recommendations in respect of the nominee directors.  \nON BEHALF OF THE BOARD OF DIRECTORS\n\"Cleve Tzung\"________________________________Clev...