LCL RESOURCES LIMITED — Capital/Financing Update 2021

Jun 7, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

LOS CERROS LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday June 08, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
LCL	ORDINARY FULLY PAID	260,869	08/06/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LOS CERROS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 43119759349

1.3 ASX issuer code

LCL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/6/2021

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

On 15 September 2020 the Company announced a private placement capital raising, which included the subscription of shares by a Director that would require shareholder approval. On 26 May 2021, at the AGM held by the Company, the Director placement shares were approved by ordinary resolution of shareholders.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class ASX +security code and description LCL : ORDINARY FULLY PAID Issue date 8/6/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 260,869 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.11500000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To raise additional working capital

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
LCL : ORDINARY FULLY PAID	473,225,871
LCLOB : OPTION EXPIRING 16-AUG-2021	53,015,033

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
LCLAE : PERFORMANCE RIGHTS EXPIRING 31-DEC-2024	2,440,000
LCLAF : PERFORMANCE RIGHTS EXPIRING 31-DEC-2024	5,430,000
LCLAG : PERFORMANCE RIGHTS EXPIRING 31-DEC-2024	5,430,000
LCLAZ : OPTION EXPIRING 01-JUL-2025 EX 7C	2,571,429
LCLAB : PERFORMANCE RIGHTS	250,000
LCLAD : OPTION EXPIRING 09-OCT-2021 EX $0.16	15,430,648
LCLAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	7,500,000
LCLAW : OPTION EXPIRING 30-SEP-2024 EX 13.5C	10,000,000
LCLAX : OPTION EXPIRING 06-APR-2022 EX 10C	27,587,500
LCLAC : OPTION EXPIRING 18-MAY-2022 EX 2C	4,375,000

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

26/5/2021

Application for quotation of +securities

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