Oct 24 (Reuters) - Trius Investments Inc TRUh.V :
* TRIUS AND AFRICAN CANNABIS ENTER INTO LETTER OF INTENT FOR PROPOSED REVERSE TAKEOVER TRANSACTION
* TRIUS INVESTMENTS - IN CONNECTION WITH RTO TRANSACTION, AFRICAN CANNABIS INTENDS TO COMPLETE SUBSCRIPTION RECEIPTS TO RAISE PROCEEDS OF UP TO C$15 MILLION
* TRIUS INVESTMENTS - UPON COMPLETION OF RTO TRANSACTION, COMBINED ENTITY TO CONTINUE TO CARRY ON BUSINESS OF AFRICAN CANNABIS