Latitude Resources


Latitude Resources, formerly known as Latin American Copper, started out on Ofex on 10 August 2000. The starting price was 2p. It raised £5m at 5p a share when it joined Aim on 27 July 2005. Latitude was exploring for iron, copper and gold in Chile. In September 2007 it sold these interests to ASX-listed Tamaya in return for 85m shares and 15 options in the acquirer. At that stage the consideration was worth £8.86m. It retained minority stakes in explorers but these were all sold by the beginning of 2008.

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