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LCL RESOURCES LIMITED Share Issue/Capital Change 2021

Jul 15, 2021

65217_rns_2021-07-15_f1871b91-4592-413a-9c0a-b04999b6aadd.pdf

Share Issue/Capital Change

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16 July 2021

Cleansing Notice

Issue of Shares - Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001

Los Cerros Limited (ASX: LCL) (“Los Cerros” or the “Company”) advises that it has issued and allotted 3,088,522 fully paid ordinary shares (“ Shares ”) upon the exercise of: 225,000 unquoted options exercisable at $0.02 per option with expiry on or before 18 May 2022; 423,522 quoted options (ASX: LCOB) exercisable at $0.16 per option with expiry on or before 16 August 2021; and 2,440,000 unquoted performance rights convertible for nil consideration and before 31 January 2025.

The Corporations Act 2001 (“Act”) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the shares issued pursuant to the exercise of options and performance rights (“ Shares ”), and noted in the Appendix 2A that has been lodged with the ASX on the same dated as this notice, will fall within the exemption in section 708A(5) of the Act.

Pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Corporations Act ”), the Company gives notice that:

(a) the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and
(b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and section 674 of the Corporations Act; and
(c) As at the date of this notice there is no information:
- i. that has been excluded from a continuous disclosure notice in accordance with the Listing Rules; and
- ii. that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:
  1. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
  2. The rights and liabilities attaching to the Securities.

By order of the board of directors.

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