Mr. Scott Dowty reports
AUSTRALIS CAPITAL COMMENCES TRADING ON THE OTCQB MARKET IN THE UNITED STATES
Australis Capital Inc.'s common shares have commenced trading on the OTCQB Venture Market under the ticker symbol AUSAF. The company will continue to trade on the Canadian Securities Exchange under the symbol AUSA.
"The posting of our shares on the OTCQB, a well-known U.S. securities trading platform, should provide additional liquidity for Australis by allowing U.S. investors to more easily invest in our common stock," said Michael Carlotti, chief financial officer of Australis. "As we continue to aggressively expand our presence within the U.S., the trading of our shares on the OTCQB platform is timely as we anticipate increasing interest in Australis by U.S. investors looking to align with a progressive U.S. growth company."
Australis is also in the process of applying for eligibility for book-entry delivery and depository services of the Depository Trust Company (DTC), to facilitate electronic settlement of transfers of its common shares in the United States. DTC eligibility will help enhance the company's potential investor base and offer a more convenient trading experience for current and future shareholders.
The company has engaged Globex Transfer LLC to act as the company's co-transfer agent providing transfer agent services to the company in the United States.
U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC website. The company's listing on the Canadian Securities Exchange and the trading of its shares on the OTCQB contribute to the genuine North American presence and afford investors pre-eminent access to trading.
Australis identifies and invests in the cannabis industry predominately in the United States, a highly regulated, fragmented, rapidly expanding and evolving industry. Investments may include and are not limited to equity, debt or other securities of both public and private companies, financings in exchange for royalties or other distribution streams, and control stake acquisitions. Australis adheres to stringent investment criteria and will focus on significant near-term and midterm high-quality opportunities with strong return potentials while maintaining a steadfast commitment to governance and community.
We seek Safe Harbor.
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