MCL Acquisition.., page-4

3 rd March 2017 QUEENSLAND BAUXITE TO ACQUIRE CONTROLLING STAKE IN PREMIER AUSTRALIAN CANNABIS COMPANY  Queensland Bauxite Limited (QBL) to acquire 55% of unlisted public company Medical Cannabis Limited (MCL);  Excellent market positioning for the anticipated rapid economic growth in the medical Cannabis sector and hemp seed food industry, in Australia and globally;  MCL founding Director, Andrew Kavasilas, is a pioneer in the hemp growing industry and medical Cannabis research;  Mr Kavasilas conducted an Australian first high THC cannabis growing and research study in 2001/02, which established cannabinoid testing capabilities at the Southern Cross University;  Andrew Kavasilas will remain a key technical director of MCL;