Meryllion Resources Corp., BitBlox Letter of Intent Expired
Toronto, Ontario--(Newsfile Corp. - November 22, 2018) - Meryllion Resources Corporation (CSE: MYR), ("Meryllion" or the "Corporation") announced today that the Letter of Intent ("LOI") between the Corporation and its intended Reverse Take Over ("RTO") partner, BitBlox Technologies Inc. ("BitBlox") has expired. The proposed RTO was originally announced on February 22nd, 2018. The Corporation updated the markets, via press release, in regards to the status of the RTO back on July 30th, 2018. The two companies have failed to enter into a definitive agreement, and the two companies have elected not to extend the deadline of the current LOI.
For further information please contact:
Mr. Paul Haber
Interim CEO & Director
Meryllion Resources Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com
W: www.meryllionresources.com
Mr. Frank Kordy
Interim CFO & Secretary
Meryllion Resources Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com
W: www.meryllionresources.com
Mr. Ben Gelfand
Director
BitBlox Technologies Inc.
T: (416) 363-3833
E: ir@bitbloxtechnologies.com
W: www.bitbloxtechnologies.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
- 30 -