Mining company DiscovEx Resources announced that its takeover bid for private Australian company Latitude 66 Cobalt is nearly complete, having met the final condition with the receipt of the ASX reinstatement letter.

As of June 7, DiscovEx now holds a 97.15% interest in Latitude's 141,833,334 shares.

DiscovEx shares are expected to resume trading on the ASX on June 24.