Desert Lion shareholders give the nod to the company’s merger with lithium extraction specialty company Lepidico, as consolidation in the critical minerals space continues

Posted by on June 28, 2019 7:01 pm
Categories: Battery Metals Lithium

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As reported by Global Newswire: “Namibian lithium developer Desert Lion Energy Inc. (TSXV: DLI) (“Desert Lion Energy” or the “Company”) is pleased to announce (i) the results of its annual general and special meeting of shareholders (the “AGM”) held on Thursday, June 27, 2019 in Toronto, Canada; and (ii) that at the AGM the shareholders of the Company (“DLI Shareholders”) approved the acquisition of the Company by ASX-Listed Lepidico Ltd (“Lepidico”) that was previously announced on May 7, 2019, whereby a wholly-owned subsidiary of Lepidico will acquire all of the outstanding common shares of Desert Lion Energy in exchange for 5.4 Lepidico shares for each common share of Desert Lion Energy held (the “Transaction”)…”

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