August 2020

August 3, 2020

Australis Capital Announces The Termination by Passport Technology of Pending Acquisition Agreement

LAS VEGAS, NV, August 3, 2020 – 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. Under the terms of the Stock Purchase Agreement, since Passport initiated the termination, Passport will be paying a break fee of $500,000 payable in Passport shares to AUSA.