LCL RESOURCES LIMITED — Capital/Financing Update 2019

Sep 2, 2019

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ASX Announcement

3 September 2019

Debt refinancing with RMB completes

As foreshadowed in announcement to ASX on 15 August 2019, Metminco Limited (ASX: MNC) (“ Metminco ” or “ the Company ” ), the Company has allotted 1,000,000,000 Metminco shares to RMB Australia Holdings Limited (“ RMB” ). The shares have been issued, following RMB receiving approval from the South African Reserve Bank, in consideration for entry into the RMB Debt Refinancing Agreement[1] and are issued under the Company’s Prospectus dated 19 July 2019.

RMB now holds approximately 15.0% of Metminco’s ordinary shares on issue.

For further enquiries contact:

Jason Stirbinskis

Managing Director Andes Resources Limited jason@andesresources.com +61 407 417 944

1As defined in Metminco’s Prospectus, dated 19 July 2019.

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