Overview of upcoming general meeting and proposed resolutions

DiscoVex Resources Limited, soon to be renamed Latitude 66 Limited (ASX: $DCX), has scheduled a general meeting on Friday, 24 May 2024, to address several resolutions related to the proposed acquisition of Latitude 66 Cobalt Limited. The resolutions encompass changes to the nature and scale of activities, approval for the issue of shares, options, and performance rights, appointment of directors, and a change of company name. These resolutions are crucial for the company's strategic realignment and re-compliance with ASX listing rules.

Executive commentary on proposed acquisition and resolutions

The proposed acquisition of Latitude 66 Cobalt Limited marks a significant step in our strategic growth plan. It presents an opportunity to expand our portfolio with polymetallic exploration projects in Finland, aligning with our focus on advanced exploration and development. The resolutions to be addressed at the general meeting are pivotal for the successful execution of this acquisition and our subsequent re-compliance with ASX listing rules.

Overview of proposed acquisition and outlook

DiscoVex Resources Limited, soon to be Latitude 66 Limited, is poised to undergo a transformative phase with the proposed acquisition of Latitude 66 Cobalt Limited. The resolutions to be discussed at the general meeting are integral to the completion of this acquisition and the company's strategic realignment. Post-acquisition, the company aims to advance exploration and development, strategically manage joint ventures, and continue exploration projects. The proposed acquisition and associated resolutions signify the company's commitment to growth and expansion, positioning it for a promising outlook in the exploration and mining sector.