- Latitude Consolidated (LCD) has completed the acquisition of the Skye Gold Project in South Australia
- A binding option agreement initially signed in late June however Latitude had a few conditions to satisfy
- The company made two $25,000 payments — one before due diligence and one after
- Latitude also issued over 4.4 million shares at 1.7 cents as well as a further 8.8 million class a performance shares
- Now that the acquisition has completed, Latitude will undertake auger and rotary air blast drilling to define new and existing bedrock mineralisation
- Company shares are up 4.76 per cent and trading for 2.2 cents just before market close
