Nobelium Tech Corp. (TSXV:NBL.P) entered into a letter of intent to acquire VIZIYA Corp. for $34 million on October 31, 2016. Nobelium will purchase all of the outstanding shares of VIZIYA for a purchase price of $21.11 million plus contingent consideration of up to $12.89 million that are subject to certain earn-out provisions. Pursuant to the letter of intent, Nobelium will pay the purchase price on closing by way of $20.4 million cash and issue common shares of Nobelium in amount of $0.71 million. The earn-out is structured by way of an interest bearing vendor take back note of $6.5 million and common shares of Nobelium in the amount of $6.39 million at a price per share of a concurrent brokered equity financing to be completed as part of the transaction. Nobelium Tech Corp. John Vujicic Chief Executive Officer, VIZIYA will join Nobelium Board as part of the transaction. The VIZIYA team will stay the same. Completion of the transaction is subject to a number of conditions including, but not limited to, TSX Venture Exchange acceptance and if applicable pursuant to TSX Venture Exchange requirements, shareholder approval. The transaction is expected to close in the first quarter of 2017. Nobelium Tech Corp. (TSXV:NBL.P) cancelled the acquisition of VIZIYA Corp. on April 7, 2017. Erroll Treslan, a current Director of Nobelium, has been appointed President, Chief Executive Officer and Chairman of Nobelium effective today replacing John Varghese, as President, Chief Executive Officer and Chairman.