Eastport Ventures Inc. entered into a nonbinding letter of intent to acquire Auston Capital Corp. (TSXV : ASTN.P) in a reverse merger transaction on September 1, 2022. The transaction is subject to completion of satisfactory due diligence, the LOI contemplates that Auston and Eastport will negotiate the principal terms of the Proposed Transaction under which all of the issued and outstanding securities of Eastport will be exchanged for securities of Auston on a to be determined basis.