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LCL RESOURCES LIMITED M&A Activity 2019

Jul 11, 2019

65217_rns_2019-07-11_867b0682-8986-4d05-a336-ab3ef21db8ff.pdf

M&A Activity

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ASX Announcement

12[th] July 2019

Takeover Offer Update

Metminco Limited (ASX: MNC) (“ Metminco ” or “ the Company ” ) refers to its bidder’s statement dated 18 June 2019 (“ Bidder’s Statement ”) in respect of its all scrip takeover offer for 100% of the fully paid shares in Andes Resources Limited (“ Takeover Offer ”) (“ Andes ”).

In accordance with section 654C(1) of the Corporations Act 2001 (Cth), on 11 July 2019, Metminco gave notice to Andes that its voting power in Andes has risen over 25% in Andes following receipt of acceptances under the Takeover Offer for 100% of the fully paid ordinary shares on issue in Andes.

The Takeover Offer remains subject to the bid conditions set out in the Bidder’s Statement.

For further enquiries contact:

Kevin Wilson Jason Stirbinskis Executive Chairman Managing Director Metminco Limited Andes Resources Limited [email protected] [email protected] +61 409 942 355 +61 407 417 944