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Tag Archives: australia

Asterion Signs Exclusive Definitive Association Agreement for $400 Million Financing, Development and Construction

Asterion Inc. (“Asterion” or the “Company”), announces that the Company and its wholly-owned Australian subsidiary, Asterion (Australia) Pty Ltd., (“Asterion (Australia)”), has entered into an exclusive Definitive Association Agreement (DAA) on March 30, 2020, to finalize the development, construction, maintenance and financing of the first ($400 million) phase of its facilities in Toowoomba, Queensland, Australia (“Project”) with entities within the Watpac Limited group (“Watpac”).  
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Asterion Cannabis Announces Annual General Meeting Results and Election of New Director

Vancouver, British Columbia--(Newsfile Corp. - January 27, 2020) - Asterion Cannabis Inc. ("Asterion" or the "Company"), is pleased to announce the voting results from the Company's 2020 annual general meeting of shareholders (the "Meeting") held on Friday, January 24, 2020, in Vancouver, British Columbia. A total of 45,613,167 common shares were voted at the Meeting, representing 68.36% of the outstanding common shares of the Company, as at the record date for the Meeting. All matters submitted to shareholders for approval, as set out in the Company's notice of meeting and management information circular, dated January 13, 2020, were unanimously approved by the votes cast at the Meeting.
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Asterion Announces $10 Million Private Placement

Asterion (“Asterion” or the “Company”) announces a non-brokered private placement of up to 6,666,667 units (each, a “Unit”) at the price of CAD $1.50 per Unit, for aggregate gross proceeds of up to CAD $10,000,000 (the “Financing”). Each Unit will consist of one common share in the capital of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one additional Share at an exercise price of CAD $2.00 for a period of 24 months from the closing of the Financing, subject to acceleration. Finder’s fees may be payable on a portion of the Financing.  All securities issued under the Financing will be subject to a hold period of four months and one day in Canada.
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