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BRIEF-Lepidico And Desert Lion Energy Inc To Merge

Published 07/05/2019, 09:03 pm
Updated 07/05/2019, 09:10 pm
© Reuters.  BRIEF-Lepidico And Desert Lion Energy Inc To Merge
DLI
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May 7 (Reuters) - Desert Lion Energy Inc DLI.V :

* LEPIDICO AND DESERT LION TO MERGE

* DESERT LION ENERGY INC - DESERT LION SHAREHOLDERS WILL EXCHANGE EACH OF THEIR DESERT LION SHARES FOR 5.4 ORDINARY SHARES OF LEPIDICO

* DESERT LION ENERGY INC - LEPIDICO WILL MAINTAIN ITS PRIMARY LISTING ON ASX UNDER CODE "LPD", AND DESERT LION COMMON SHARES WILL BE DELISTED FROM TSXV

* DESERT LION ENERGY - LEPIDICO GOT CONFIRMATION FROM ASX PROPOSED TRANSACTION DOES NOT ATTRACT ANY REQUIREMENTS UNDER CHAPTER 11 OF ASX LISTING RULES

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