LCL RESOURCES LIMITED — Share Issue/Capital Change 2019

Sep 19, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

METMINCO LIMITED

Applicable security for the reorganisation

MNC ORDINARY FULLY PAID MNCOA OPTION EXPIRING 01-JUN-2020 Announcement Type New Announcement Date of this announcement Friday September 20, 2019

Reorganisation type Security consolidation Effective Date Wednesday September 25, 2019 Record Date Thursday September 26, 2019 Issue Date Thursday October 3, 2019 Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

METMINCO LIMITED

Registration Number

1.2 *Registered Number Type

ABN 43119759349 1.3 *ASX issuer code MNC

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Friday September 20, 2019

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 01-JUN-2020

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MNC MNCOA

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval

• Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Monday July 15, 2019 or actual? received/condition approval Actual met? Yes Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Thursday September 26, 2019

3.2 Date of +security holder meeting

Monday July 15, 2019

3.3 Last day for trading in the pre-re-organised +securities

Tuesday September 24, 2019

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Wednesday September 25, 2019

3.5 Record date

Thursday September 26, 2019

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Friday September 27, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Thursday October 3, 2019

3.8 Trading starts on a normal T+2 basis

Friday October 4, 2019

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Tuesday October 8, 2019

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

40

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
MNC Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Actual
6,659,575,831 166,489,396
ASX +Security Code ASX +Security
MNCOA Description
OPTION EXPIRING
01-JUN-2020
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Actual
547,345,422 13,683,636
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
MNCOA OPTION EXPIRING
01-JUN-2020
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Quoted/unquoted Exercise price before Exercise price after Quoted reorganisation reorganisation AUD 0.01100000 AUD 0.44000000

Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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