May 22, 2019 / 1:15 AM / 7 months ago

BUZZ-Australia's Lepidico rises as takeover of Canadian lithium miner progresses

** Shares of lithium explorer Lepidico Ltd rise as much as 10.7% to A$0.031, their highest since May 14

** Canadian lithium miner Desert Lion says about 58% of its shareholders agree to its takeover by Lepidico; Shareholders to vote on deal by late-June

** Stock posts its biggest intraday pct gain since mid-April

** Desert Lion shares drop 7.1% overnight

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