Desert Lion Energy Inc. announced today the completion of the previously announced plan of arrangement, whereby Lepidico Ltd. has acquired all of the outstanding common shares of Desert Lion for consideration of 5.4 Lepidico ordinary shares for every 1 Desert Lion common share. The Arrangement, which was announced on May 7, 2019, was approved by [...]
Namibian lithium developer Desert Lion Energy Inc. is pleased to announce that it has obtained a final order from the Ontario Superior Court of Justice approving a statutory plan of arrangement under the Business Corporations Act pursuant to which a wholly owned subsidiary of ASX-listed Lepidico Ltd will acquire all of the outstanding common shares [...]
Namibian lithium developer Desert Lion Energy Inc. is pleased to announce the results of its annual general and special meeting of shareholders held on Thursday, June 27, 2019 in Toronto, Canada; and that at the AGM the shareholders of the Company approved the acquisition of the Company by ASX-Listed Lepidico Ltd that was previously announced on [...]
Desert Lion Energy Inc. is pleased to announce that, in connection with its press release dated May 7, 2019, in which the Company announced it had entered into a definitive arrangement agreement to merge with ASX-Listed Lepidico Limited , Desert Lion has received signed shareholder support agreements representing 61,292,342 shares, approximately [...]
Lepidico 1 for 9 Entitlements Offer to Fund Business Integration, New Development and Growth Opportunities Desert Lion Energy Inc. is pleased to announce that on May 5, 2019 it entered into a definitive arrangement agreement with ASX-Listed Lepidico Ltd. whereby Lepidico, an arm's length party from Desert Lion, will acquire all of the outstanding [...]
Desert Lion Energy Inc. is pleased to announce that the Company has completed its shares for debt settlement with certain creditors that was previously announced on March 12, 2019 after being granted approval by the TSX Venture Exchange. Pursuant to the Shares for Debt Settlement, the Company has issued a total of 16,683,922 common shares of Desert [...]
Desert Lion Energy Inc. is pleased to announce that it intends to issue 11,467,123 common shares of the Company, at an effective price per share of $0.10 in payment of $1,146,712 of certain obligations owed under the Company's secured notes due December 7, 2020. In accordance with applicable securities laws, the Common Shares issued will be subject [...]
Desert Lion Energy is pleased to announce the appointment of Atul Bali to the board of directors, effective immediately. Location of soil geochemical exploration programs Atul Bali Appointed to Board of Directors Atul is a seasoned corporate executive, with experience in technology, government contracting and regulated industries. Atul has worked [...]
Desert Lion Energy Inc. is pleased to announce that it has entered into a nonbinding offtake agreement, with BASF SE, whereby BASF would be able to purchase lithium hydroxide from a planned Desert Lion Energy production facility to be located in Namibia. The Agreement is valid through to December 31, 2019 during which time both BASF and Desert Lion [...]
Desert Lion Energy Inc. is pleased to announce that, in connection with its press release dated January 14, 2019, in which the Company announced it had entered into agreements to settle $2,572,890.90 of its outstanding cash indebtedness for the issuance of 14,221,914 common shares of the Company, it intends to issue an aggregate of 16,655,542 [...]
Namibian lithium developer Desert Lion Energy Inc. is pleased to announce that it has successfully completed the acquisition of Exclusive Prospecting License 5718 and has fulfilled its commitments in connection with the issuance of the Phase 2 Mining License. Closing of EPL 5718 EPL 5718 covers an area of 200km2 and is located immediately adjacent [...]
Desert Lion Energy Inc. announces that it intends to issue an aggregate of 178,803 common shares of the Company at a deemed price per share of $0.095 in payment of $16,986.30 in interest due and payable under the Company's secured convertible notes due June 11, 2019. Under the terms of the Notes, the Company has the option to pay one-third of the [...]
