Mr. Scott Dowty reports
AUSTRALIS CAPITAL DTC ELIGIBILITY UPDATE
Australis Capital Inc. has been approved for DTC eligibility for its common shares traded on the OTCQB exchange under symbol AUSAF.
DTC is a subsidiary of The Depository Trust & Clearing Corp., which manages electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible. Trading of securities through DTC allows for cost-effective clearing and guaranteed settlement, in turn simplifying and accelerating the settle process for investors trading the company's shares.
"Given Australis is a U.S.-focused cannabis company, we chose to list on the OTCQB market to enable U.S. investors to invest directly into our company," said Michael Carlotti, chief financial officer of Australis. "We are pleased our U.S. listing is now DTC eligible as it is the largest securities depository in the world holding over $35-trillion worth of securities."
About Australis Capital Inc.
Australis identifies and invests in the cannabis industry predominantly 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 Capital adheres to stringent investment criteria and will focus on significant near and midterm high-quality opportunities with strong return potentials while maintaining a steadfast commitment to governance and community. Australis Capital's board and management team have material experience with, and knowledge of, the cannabis space in the U.S., extensive backgrounds in highly regulated industries, adherence to stringent regulatory compliance, public company and operational expertise.
We seek Safe Harbor.
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