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Auscrete on securing of city land

 

March 21, 2018



Auscrete Corporation has placed a story on its recent purchase of city property in Goldendale on BusinessInsider.com focusing on its stock market impact. The story ran on March 20 and is as follows:

Auscrete Corporation (ASCK) announced on Feb. 28 that escrow was completed for the factory land purchase with the City of Goldendale, and the title was passed on to Auscrete Corporation. The land asset will show on the corporation’s balance sheet in the company’s first quarter filings of 2018.

The five-acre parcel of land was purchased for $100,000 cash, which is roughly 50 percent below the original asking price and true market value. Upon completion of an appraisal during 2018 by an ind...



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