Jan 15 (Reuters) - Desert Lion Energy Inc DLI.V :
* DESERT LION ENERGY STRENGTHENS ITS BALANCE SHEET VIA SHARES FOR DEBT SETTLEMENTS
* DESERT LION ENERGY - TO SETTLE $2.6 MILLION OF OUTSTANDING CASH INDEBTEDNESS OWED TO VARIOUS ARM'S LENGTH CREDITORS BY ISSUING 14,221,914 SHARES OF CO
* DESERT LION ENERGY INC - ISSUANCE OF 14,221,914 SHARES OF COMPANY IS AT AN EFFECTIVE PRICE OF $0.1809 PER COMMON SHARE