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