Latitude Resources acquired by Clos du Mesnil

On October 20, 2008, Clos de Mesnil Limited announced its intention to proceed with a mandatory offer under Rule 9 of the Takeover Code for Latitude Resources plc ("Latitude") at a price of 4p per ordinary share in Latitude, valuing the entire issued share capital of Latitude at approximately £10.78 million. The directors of Latitude did not recommend acceptance or rejection of the offer. On November 18, 2008, the offer was declared unconditional.

Nigel Gordon and Anca Enica of Fasken Martineau acted for Latitude on this matter.