May 7, 2019 /CNW/ – Desert Lion Energy Inc (TSXV: DLI) (“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 (ASX: LPD) (“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”).