DLI.V - Desert Lion Energy Inc.

TSXV - TSXV Delayed Price. Currency in CAD
0.0950
0.0000 (0.00%)
At close: 3:59PM EDT
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Previous Close0.0950
Open0.0950
Bid0.0900 x 0
Ask0.0900 x 0
Day's Range0.0950 - 0.0950
52 Week Range0.0400 - 0.4250
Volume20,000
Avg. Volume87,353
Market Cap10.056M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateAug 29, 2018 - Aug 29, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Desert Lion Announces Completion of Plan of Arrangement

    Desert Lion Energy Inc. (“Desert Lion” or the “Company”) (DLI.V) announced today the completion of the previously announced plan of arrangement (the “Arrangement”), whereby Lepidico Ltd (“Lepidico”) (ASX:LPD) 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 the Company’s shareholders at an annual general and special meeting held on June 27, 2019, and by the Ontario Superior Court of Justice (Commercial List) on July 4, 2019.

  • CNW Group

    IIROC Trading Halt - DLI

    IIROC Trading Halt - DLI

  • GlobeNewswire

    Desert Lion Energy Obtains Final Order Approving Plan of Arrangement

    Namibian lithium developer Desert Lion Energy Inc. (DLI.V) ("Desert Lion Energy" or the "Company") is pleased to announce that it has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario) pursuant to which a wholly owned subsidiary of ASX-listed Lepidico Ltd (ASX:LPD) (“Lepidico”) will acquire all of the outstanding common shares of Desert Lion Energy (the “Common Shares”).

  • GlobeNewswire

    Desert Lion Energy Shareholders Approve Merger with Lepidico

    TORONTO, June 27, 2019 -- Namibian lithium developer Desert Lion Energy Inc. (TSXV: DLI) ("Desert Lion Energy" or the "Company") is pleased to announce (i) the results of its.

  • GlobeNewswire

    Desert Lion Energy Receives Shareholder Support for Lepidico Merger

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) 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 (ASX:LPD) ("Lepidico"), Desert Lion has received signed shareholder support agreements representing 61,292,342 shares, approximately 58% of the Company’s total shares issued and outstanding.

  • CNW Group

    Lepidico and Desert Lion to Merge

    TORONTO , May 7, 2019 /CNW/ - Desert Lion Energy Inc (DLI.V) ("Desert Lion") is pleased to announce that on May 5, 2019 it entered into a definitive arrangement agreement (the "Arrangement Agreement") with ASX-Listed Lepidico Limited (LPD.AX) ("Lepidico") whereby Lepidico, an arm's length party from Desert Lion, will acquire all of the outstanding common shares of Desert Lion for 5.4 Lepidico shares for every 1 Desert Lion share (The "Transaction").  No finder's fee is payable in connection with the Transaction. The Transaction is anticipated to create a vertically integrated lithium development company from mine to chemical conversion plant by combining Lepidico's leading proprietary lithium processing technologies with Desert Lion's lepidolite Mineral Resources and extensive exploration package.

  • GlobeNewswire

    Desert Lion Completes Previously Announced Shares for Debt Settlement

    TORONTO, April 22, 2019 -- Desert Lion Energy Inc. (TSXV: DLI) (OTCQB: DSLEF) (“Desert Lion” or the “Company”) is pleased to announce that the Company has completed its shares.

  • GlobeNewswire

    Desert Lion Strengthens its Balance Sheet via Shares for Debt Settlement

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) is pleased to announce that it intends to issue 11,467,123 common shares of the Company (the "Common Shares"), 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 to the approval of the TSX Venture Exchange and will be subject to a hold period of four months and one day from the date of completion of the debt settlement.

  • GlobeNewswire

    Desert Lion Appoints Atul Bali to Board of Directors and Provides Project Development Update

    Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) is pleased to announce the appointment of Atul Bali to the board of directors, effective immediately. Atul is a seasoned corporate executive, with experience in technology, government contracting and regulated industries. Atul has worked on all 6 continents over the past 25 years and has served on numerous boards.

  • GlobeNewswire

    Desert Lion Energy Announces Nonbinding Offtake Agreement with BASF

    Namibian lithium developer Desert Lion Energy Inc. (DLI.V) ("Desert Lion Energy" or the "Company") is pleased to announce that it has entered into a nonbinding offtake agreement, (the "Agreement") with BASF SE (“BASF”), whereby BASF would be able to purchase lithium hydroxide from a planned Desert Lion Energy production facility to be located in Namibia (the “Project”). The Agreement is valid through to December 31, 2019 during which time both BASF and Desert Lion Energy shall work towards completion of a definitive offtake agreement.

  • GlobeNewswire

    Desert Lion Strengthens its Balance Sheet via Shares for Debt Settlements

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) 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 (the "Common Shares"), it intends to issue an aggregate of 16,655,542 Common Shares at an effective price per share of $0.196 in payment of $3,272,569.99 of its outstanding indebtedness owed to various creditors, including for interest due and payable under the Company's secured notes due December 7, 2020. For clarity, the $3,272,569.99 includes the $2,572,890.90 referred to in the press release dated January 14, 2019.

  • Desert Lion Energy Completes Acquisition of EPL 5718 and Fulfills Mining License Commitments
    CNW Group

    Desert Lion Energy Completes Acquisition of EPL 5718 and Fulfills Mining License Commitments

    TORONTO , Jan. 22, 2019 /CNW/ - Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce that it has successfully completed the acquisition of Exclusive Prospecting License ("EPL") 5718 and has fulfilled its commitments in connection with the issuance of the Phase 2 Mining License (ML204). As part of the Transfer Agreement, Desert Lion paid approximately C$130,000 cash and 80,906 common shares of the Company, of which C$30,000 was paid in cash on execution of the Transfer Agreement.

  • GlobeNewswire

    Interest Payment of Convertible Promissory Notes

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) announces that it intends to issue an aggregate of 178,803 common shares of the Company (the "Common Shares") 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 (the "Notes"). Under the terms of the Notes, the Company has the option to pay one-third of the monthly interest due on the Notes in Common Shares. The issuance of the Common Shares in payment of interest on the Notes is subject to the approval of the TSX Venture Exchange and the Common Shares will be subject to hold period of four months and one day.

  • CNW Group

    Desert Lion Energy Strengthens its Balance Sheet via Shares for Debt Settlements

    TORONTO , Jan. 14, 2019 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has entered agreements to settle $2,572,890.90 of its outstanding cash indebtedness owed to various Arm's Length creditors through the issuance of 14,221,914 common shares of the Company at an effective price of $0.1809 per common share. "This debt settlement represents a significant portion of the Company's outstanding cash indebtedness to creditors and when combined with the recently completed equity private placement, strengthens the Company's balance sheet thus positioning us to execute on our previously announced exploration program," commented Tim Johnston , CEO of Desert Lion.

  • Desert Lion Energy Initiates 2019 Exploration and Development Program
    CNW Group

    Desert Lion Energy Initiates 2019 Exploration and Development Program

    TORONTO , Jan. 14, 2019 /CNW/ - Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") has initiated the Company's 2019 exploration and development program. The program will focus on increasing and optimizing existing Mineral Resources Estimates ("MRE") and advancement of the mine, concentrator and lithium conversion plant in Walvis Bay. Following the completion of the financing announced on December 4, 2018 , the Company is progressing with the next phase of exploration and development work to advance the Desert Lion Energy Lithium project.

  • CNW Group

    Desert Lion Energy Closes Second Tranche of Equity Private Placement

    TORONTO , Dec. 13, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has successfully closed the second tranche of its previously announced non-brokered private placement of 9,856,258 units ("Units") at a price of $0.07 per Unit for gross proceeds to the Company of $689,938.06 (the "Private Placement"). This follows the announcement on December 10, 2018 of the closing of an  initial tranche of Units for gross proceeds of approximately $2,000,000 and secured convertible promissory notes for gross proceeds of $5,000,000 with AIP Asset Management. Each Unit issued in the Private Placement is comprised of one common share of the Company and one-half of one common share purchase warrant (a "Warrant").

  • CNW Group

    Desert Lion Energy Completes $7MM Financing and Announces Upsize to Previously Announced Equity Private Placement

    The Company is also pleased to announce that, as a result of strong investor demand, it has increased the size of the Private Placement and, subject to approval of the TSX Venture Exchange ("TSXV"), plans to close a second tranche of Units for additional gross proceeds to the Company of $1,000,000 . Of the gross proceeds of the Notes, $4,000,000 may be converted into common shares of the Company at a price of $0.20 per share (the "Conversion Price") at any time prior to maturity with the balance of $1,000,000 to be repaid to AIP on maturity in cash. The Notes will mature on December 7, 2020 and are secured against all of the assets of the Company and its subsidiaries.

  • GlobeNewswire

    Desert Lion Energy Files NI 43-101 Technical Report

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) today announced the filing on SEDAR of an independent NI 43-101 technical report completed by Hatch Ltd (“Hatch”) and The MSA Group (Pty) Ltd (“MSA”) entitled "Preliminary Economic Assessment for Desert Lion Energy Lithium Project" dated November 23, 2018. This filing follows upon the press release of November 1, 2018, which referenced the summary highlights of the Preliminary Economic Assessment (“PEA”).

  • CNW Group

    IIROC Trading Resumption - DLI

    IIROC Trading Resumption - DLI

  • CNW Group

    Desert Lion Energy Announces up to $10MM Convertible Note Financing with AIP Asset Management and $2MM Equity Private Placement

    TORONTO , Nov. 5, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has executed a note purchase agreement (the "NPA") with AIP Asset Management and AIP Global Macro Fund L.P. ("AIP") providing for a secured convertible note financing for gross proceeds of up to $10,000,000 (the "Note Offering"). The initial tranche of secured convertible promissory notes (the "Notes") for gross proceeds of $5,000,000 shall be purchased by AIP on the date (the "Closing Date") certain standard conditions precedent are satisfied, including, approval of the TSX Venture Exchange ("TSXV") and completion of the Equity Offering (as described below).  A second tranche of Notes for proceeds of an additional $5,000,000 is also available to the Company under the NPA to fund acquisitions as mutually agreed by AIP and the Company.

  • Desert Lion Energy Announces Positive Project Economics for Namibian Lithium Project
    CNW Group

    Desert Lion Energy Announces Positive Project Economics for Namibian Lithium Project

    TORONTO , Nov. 1, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to report the results of the Company's Preliminary Economic Assessment ("PEA") for its Namibian Lithium project ("Project"). The PEA covers mining, concentrate and lithium carbonate production. The PEA was prepared by independent consultants, Hatch Ltd ("Hatch") and The MSA Group (Pty) Ltd. ("MSA").

  • Desert Lion Energy Announces Maiden Mineral Resource Estimate Establishing a Significant Lithium (Lepidolite) Project
    CNW Group

    Desert Lion Energy Announces Maiden Mineral Resource Estimate Establishing a Significant Lithium (Lepidolite) Project

    TORONTO , Oct. 12, 2018  /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce its maiden Mineral Resource estimate ("MRE") completed for its Namibian Lithium project.

  • CNW Group

    Desert Lion Energy Initiates Strategic Review

    TORONTO , Aug. 31, 2018 /CNW/ - Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") today announced that it has ceased all operations in Namibia in light of the continued decline in lithium carbonate pricing. The Board is currently re-assessing the previously announced 3-stage execution plan and is evaluating all available options to find a sustainable path to the continued development of its Namibian Lithium Project. The Company has also commenced negotiations with its offtake partner, Jiangxi Jinhui Lithium Co. Limited, to amend the pricing metrics under its offtake agreement in light of the current lithium carbonate pricing environment.

  • CNW Group

    Desert Lion Energy Reports AGM Results

    Desert Lion Energy Reports AGM Results