Dec 11 (Reuters) - Cresval Capital Corp CRV.V :
* RIOT BLOCKCHAIN'S TESSPAY SIGNS LETTER OF INTENT FOR MERGER WITH PUBLICALLY TRADED CRESVAL CAPITAL CORP
* TESSPAY TO BE ISSUED 80 MILLION CRESVAL SHARES; PRESENT CRESVAL SHAREHOLDERS WILL RETAIN 8.4 MILLION SHARES OF COMBINED CO TESSPAY POST-MERGER
* RIOT BLOCKCHAIN SAYS WILL RECEIVE 41.6 MILLION SHARES RESULTING FROM ITS 52 PCT OWNERSHIP OF TESSPAY
* RIOT BLOCKCHAIN SAYS ITS MAJORITY OWNED TESSPAY WILL MERGE WITH CRESVAL CAPITAL