Trius Completes Subsidiary Sale
TRIUS INVESTMENTS INC.
TRIUS COMPLETES SUBSIDIARY SALE
Fredericton, New Brunswick – August 15, 2018 – Trius Investments Inc. (“Trius” or the “Company”) (TSXV:
TRU) is pleased to announce that further to its press releases dated May 30, 2018, and July 30, 2018 , it
has closed the sale of its wholly -owned subsidiary (the “Subsidiary Sale”), TRU Investments LLC (“TRU
LLC”), to PVR Holdings LLC for gross cash proceeds of US$736,495 including working capital adjustments.
Net cash proceeds to Trius after payment of related transaction fees are US$711,120 (approximately
CAD$930,000).
As a result of completing the Subsidiary Sale, the Company no longer has active business operations or
material assets other than cash. As is customary for companies in this situation who no longer meet the
ongoing listing standards of the TSX Venture Exchange (“TSXV”), effective as of a date this week to be
specified in the relevant TSXV bulletin, the Company’s listing will be transferred to t he NEX, a separate
board of the TSXV , and the Company’s trading symbol will change from TRU to TRU.H. The Company
anticipated this listing transfer, which is not expected to hinder Trius’ repositioning.
Trius now has approximately $1.6 Million in working capital and intends to explore potential strategic
alternatives, and will update shareholders of any material developments. There can be no assurance that
these efforts will result in a transaction being pursued, entered into or consummated.
For further information, please contact:
Joel Freudman
President and Chief Executive Officer
Trius Investments Inc.
Telephone: (647) 880-6414
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains certain forward -looking statements, including statements regarding Trius’
future plans . These statements are based on numerous assumptions believed by management to be
reasonable in the circumstances, and are subject to a number of risks and uncertainties described in the
Company’s continuous disclosure documents . Actual results may differ materially from results
contemplated by the forward-looking statements. When relying on forward-looking statements to make
decisions, investors and others should carefully consider the foregoing factors and other uncertainties
and should not place undue re liance on such forward -looking statements. The Company does not
undertake to update any forward-looking statements herein except as required by applicable law.