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Latitude Resources

  • BY: Andrew Hore |
  • POSTED: 18/11/2008 |

Clos du Mesnil Ltd has declared its offer for Latitude Resources unconditional.

Rowland family backed Clos du Mesnil has received acceptances equivalent to 15.68% of Latitude’s share capital which takes its stake to 61.81%. The bid of 4p a share values Latitude at £10.8m.

The closing date of the offer has been extended to 11 December.

If Clos du Mesnil controls at least 75% of Latitude it may decide to cancel the Aim quotation.

Latitude shares are trading 3p each.

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