NextBlock Global Limited entered into a non-binding letter of intent to acquire Nobelium Tech Corp. (TSXV:NBL.P) in a reverse merger transaction on August 22, 2017. Pursuant to the transaction, the holders of the issued and outstanding common shares of NextBlock shall receive for each Nextblock common share so held the price per share at which the NextBlock common shares are issued pursuant to the private placement divided by the deemed price per common share of Nobelium, which will be equal to CAD 0.6 million divided by the number of issued and outstanding Nobelium common shares at the closing of the transaction. The final structure of the transaction is subject to receipt of tax, corporate and securities law advice for both NextBlock and Nobelium. In conjunction with, or prior to the closing of the transaction, NextBlock expects to complete a private placement of NextBlock common shares to raise gross proceeds of a minimum of CAD 10 million. Such NextBlock common shares will automatically convert into Nobelium common shares following closing of the transaction, subject to adjustment in accordance with the exchange ratio. Nobelium will change its name to NextBlock Global Limited upon closing. 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, shareholder approval. As of September 28, 2017, a special meeting of Nobelium shareholders will take place on October 30, 2017 to approve the name change of Nobelium to NextBlock and to approve an amendment to the articles of incorporation of Nobelium to consolidate the issued and outstanding common shares on the basis of one post-consolidation common share for up to a maximum of every ten pre-consolidation common shares. As of October 17, 2017, the meeting was postponed to November 14, 2017. The transaction is expected to close in the fourth quarter of 2017. Computershare Trust Company of Canada acted as transfer agent to Nobelium. NextBlock Global Limited cancelled the acquisition of Nobelium Tech Corp. (TSXV:NBL.P) in a reverse merger transaction on November 7, 2017. Nobelium is expected to resume trading on the TSX Venture Exchange on November 9, 2017.