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

Share this Content

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”)…”

To continue reading, click here to read Global Newswire’s full article.

If you enjoyed this article, be sure to check our homepage at and my Twitter and Facebook pages for more help with your due diligence and stock/company research!

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from/through New Energy Narrative, which I am the founder and owner of).

Share this Content

Leave a Reply