TORONTO, ONTARIO / TheNewswire / April 7, 2017 – NOBELIUM TECH CORP. ("Nobelium" or the “Company”), a capital pool company, announces that it will not be proceeding with the previously announced purchase of all of the issued and outstanding shares of VIZIYA Corporation (the “Transaction”).

 

Nobelium is a Capital Pool Company (“CPC”) and had intended that the Transaction would constitute its Qualifying Transaction under the policies of the TSX Venture Exchange.  Pursuant to the Transaction, Nobelium paid a non-refundable deposit of $25,000 to the target.  Nobelium will immediately begin to identify and close a Qualifying Transaction.

 

Erroll Treslan, a current director of Nobelium, has been appointed President, CEO and Chairman of Nobelium effective today replacing John Varghese, as President, CEO and Chairman.  Mr. Varghese will remain as a director of Nobelium.  Nobelium’s shares were halted from trading upon the prior announcement of the proposed Transaction.  It is anticipated that Nobelium will resume trading on the TSX Venture Exchange on or about April 13, 2017.

 

For further information: Erroll Treslan, President  T:514-374-1834.

 

CAUTIONARY STATEMENT:

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ fromthose reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

 

(Not for distribution to US wire services or for dissemination in the United States of America)