Mergers & AcquisitionsBy The Online Investor Staff, updated Thu., Mar. 4, 1:43 PM
|This Slide: #68 of 100|
Slide #68. Australis Capital Inc. — ALPS
Australis Capital Inc. (AUSAF)
Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA" or the "Company") announced today that, further to its press release dated January 5, 2021, the Company has entered into a definitive agreement (the "Definitive Agreement") with the principals of ALPS for the acquisition of 51% of the issued and outstanding shares in ALPS (the "ALPS Transaction"). The Definitive Agreement has an option permitting the Company to acquire the remaining 49%. Furthermore, the ALPS Transaction also includes the appointment of Terry Booth as AUSA's CEO upon completion.