Maximos Metals Corp. entered into a letter of intent to acquire Nobelium Tech Corp. (TSXV:NBL.P) in a reverse merger transaction on May 14, 2018. In connection with the transaction, Nobelium anticipates that the currently issued and outstanding 13.1 million shares will be consolidated on a basis of 1 post-consolidation Nobelium share for every 3 pre-consolidation Nobelium shares held. Nobelium will have approximately 4.4 million Nobelium shares issued and outstanding after the consolidation. The letter of intent contemplates Nobelium and Maximos completing a business combination transaction, pursuant to which Nobelium shares, or resulting issuer shares, will be issued to holders of shares of Maximos on the basis of one post-consolidation Nobelium share (or resulting issuer share as applicable) for every one Maximos share (the “Exchange Ratio”). On completion of the transaction, the security holders of Maximos would own a majority stake of the resulting issuer. In connection with the transaction, Maximos will complete a private placement of Maximos common shares. Post transaction, the resulting issuer is expected to change its name to “Maximos Metals Corp.” or such other name as determined by Maximos and the resulting issuer will be a mining issuer under the exchange rules. As of November 2, 2018 The Company held its annual and special meeting of shareholders on July 13, 2018 at which time, pursuant to the CPC Policy, it received shareholder approval to transfer its listing to the NEX and to cancel an aggregate of one-half of its CAD 0.05 seed shares owned by founders held by Non-Arm’s Length Parties of the CPC. The Company’s listing will be transferred to NEX effective at the opening of trading on Monday, November 5, 2018 at which time trading in the Company’s shares will remain suspended pending closing of the Qualifying Transaction with Maximos. The transaction is subject to the negotiation of the definitive agreement, receipt of all requisite regulatory, stock exchange, court or governmental approvals, authorizations and consents, completion of the private placement and if applicable, appropriate approvals from the shareholders of both the companies. Maximos Metals Corp. cancelled the acquisition of Nobelium Tech Corp. in a reverse merger transaction on May 29, 2020.