TORONTO, Aug. 17, 2020 /CNW/ - Roger Sykes, 1703469 Alberta Ltd., Duke Fu, Green Therapeutics LLC and Jason Dyck (the "Concerned Shareholders") of Australis Capital Inc. ("Australis" or the "Company") (CSE: AUSA), are pleased to announce that Terry Booth has joined the Concerned Shareholders and will support their efforts to bring about change at Australis. Mr. Booth has also confirmed that he will serve as a board nominee of the Concerned Shareholders as set forth in greater detail below. The Concerned Shareholders now collectively own, direct or control 13,932,321 common shares or approximately 7.9% of Australis' outstanding common shares, including common shares indirectly held by Mr. Booth though his holding company, Lola Ventures Inc. The Concerned Shareholders have received expressions of support from a significant number of Australis shareholders and believe they are in a position to command a strong plurality of shareholder support at the upcoming meeting of the shareholders of Australis. Furthermore, the Concerned Shareholders announce that they have taken steps to move Australis forward by proposing a new board of directors and are extremely disappointed by the actions taken by the current board of Australis (the "Board") to entrench their position at the expense of shareholder value. https://www.newswire.ca/news-releas...r-refreshed-board-of-directors-878949254.html