Video: Scott Dowdy CEO Australis Capital Talks Of “Transformative” Reverse Merger With Folium

The interviewer asks about pending lawsuits and Dowty says the board is currently happy with what’s in play. The merger is to happen in February / March but Dowty does say, “Don’t quote me on that.” From his comments in this video it looks like Dowty & team are going to take over the day to day operations of Folium and Shan will be Chairman.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) CEO Scott Dowty caught up with Proactive’s Andrew Scott while in London to discuss the news that they’re to merge with Folium Biosciences. Under the merger plan Folium will become a wholly owned subsidiary of Australis — which will be rebranded as Folium Biosciences and will carry on the current business of Folium.

 

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