ASX-listed Lepidico has settled its plans to acquire TSXV-listed Desert Lion Energy, after shareholders in the Canadian company approved the share offer.
Lepidico in May this year launched a takeover offer for Desert Lion, offering 5.4 of is own shares for every one Desert Lion share held to create a vertically integrated lithium development company, which will combine Lepidico’s proprietary lithium processing technologies with Desert Lion’s lepidolite mineral resource and exploration acreage in Namibia.