Australis Capital Inc. (CNSX:AUSA) entered into a binding terms sheet to acquire BW Macaw Group, Inc. for $4.2 million on September 14, 2021. The consideration for the transaction is $5 million, payable in stock, with the deemed value calculated using a 10-day volume weighted average price. Upon completion of the transaction, Australis Capital will issue a total of approximately 22.6 million shares. Completion of the transaction is subject to a definitive agreement, as well as receipt of all appropriate San Jose municipal and state approvals, including the customary security clearances. Australis Capital looks forward to working with the San Jose municipal authorities to obtain the final approvals required towards the completion of this transaction. The transaction will accelerate Australis Capital's revenue growth. No finder's fee is to be paid in relation to the transaction.