Blockchain Royalty Corp. entered into a non-binding letter of intent to acquire Nobelium Tech Corp. (TSXV:NBL.P) in a reverse merger transaction on February 9, 2018. Blockchain Royalty and Nobelium will enter into a business combination by way of a share exchange, merger, amalgamation, arrangement or other similar form of transaction. Pursuant to the transaction, it is expected that 85 million Nobelium common shares will be issued to Blockchain Royalty shareholders along with 12.75 million Nobelium share purchase warrants exercisable at CAD 0.10 per Nobelium common share. The shareholders of Nobelium will continue to hold their current number of 12.775 million common shares, 1.2775 million stock options and 0.35 million warrants of Nobelium post-closing of the transaction. In conjunction with, or prior to the closing of the transaction, Blockchain Royalty expects to complete a private placement of Blockchain Royalty Subscription Receipts for common shares to raise gross proceeds of a minimum of CAD 2 million. Such Blockchain Royalty Subscription Receipts will automatically convert into Nobelium common shares following closing of the transaction. Nobelium will change its name to Blockchain Royalty Corp. upon closing. The final structure of the transaction is subject to receipt of tax, corporate and securities law advice for both Blockchain Royalty and Nobelium. Completion of the transaction is subject to a number of conditions including, but not limited to exchange acceptance and if applicable pursuant to exchange requirements and shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained.