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LCL RESOURCES LIMITED Capital/Financing Update 2021

Jan 10, 2021

65217_rns_2021-01-10_4eb855a8-4dce-4c5c-8de7-56f11f925371.pdf

Capital/Financing Update

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11 January 2021 ASX Announcement ASX: LCL

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Options and Performance Rights Expiry

Los Cerros Limited (ASX: LCL) (Los Cerros or the Company) advises that the 240,000 Unquoted Options (Code: LCLPO3), exercisable at $0.96, and 250,000 Unquoted Performance Rights (Code: LCLPR), expired on 31 December 2020, in accordance with their terms.

Below is a summary of the Company’s quoted and unquoted securities as at 11 January 2021.

NUMBER NUMBER CLASS & DESCRIPTION CLASS & DESCRIPTION CLASS & DESCRIPTION CLASS & DESCRIPTION CLASS & DESCRIPTION
Quoted Securities
468,779,522 Ordinary Shares (LCL)
53,069,425 Otin ri ri f $016 irin 16 At 2021
,, pos, execse ce o . exp g ugus
Unquoted Securities
29,837,500 O ptions, exercise price of $0.10 expi ring 6 April 2022
5,850,000 O ptions, exercise price of $0.02 expi ring 18 May 2022
14,790,000 P erformance Right s
5,546,875 RA eplacement Optiugust 2023 ons – Class A, exercise price of $0.32 expiring 31
656,250 RA eplacement Optiugust 2023 ons – Class B, exercise price of $0.32 expiring 31
46,875 RN eplacement Optiovember 2023 ons – Class C, exercise price of $0.32 expiring 15
1,250,000 B roker Options, ex ercise price of $0. 24 expiring 16 August 2021
6,000,000 In centive Options, exercise price of $0.135 expiring 30 September 2024
4,000,000 D irector Options, e xercise price of $ 0.135 expiring 30 September 2024
3,000,000 O ptions, exercise price of $0.07 expi ring 1 July 2025
15,430,648 ptions, exercise rice of $0.16 exp ring 9 October 2021
pose of ASX Listed.enquiries contball ing Rule 15.5, thact: e Managing Direc

For the purpose of ASX Listing Rule 15.5, the Managing Director has authorised for this announcement to be released.

For further enquiries contact:

Blair Snowball

Joint Company Secretary Los Cerros Limited [email protected] Mobile: 0422 523 066

Suite 2, 11 Ventnor Avenue, West Perth WA 6005 | PO Box 1240, West Perth WA 6872 P: +61 8 6245 2050 www.loscerros.com.au