LCL RESOURCES LIMITED — Share Issue/Capital Change 2021

Jul 15, 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

Friday July 16, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
LCL	ORDINARY FULLY PAID	3,088,522	16/07/2021

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

16/7/2021

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:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

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")

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description LCLOB : OPTION EXPIRING 16-AUG-2021

TO (Existing Class)
ASX +security code and description
LCL : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	15/7/2021	16/7/2021
423,522

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

16/7/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 423,522 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 0.16000000 Any other information the entity wishes to provide about the +securities to be quoted Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description LCLAC : OPTION EXPIRING 18-MAY-2022 EX 2C TO (Existing Class) ASX +security code and description LCL : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 15/7/2021 16/7/2021 225,000 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Application for quotation of +securities

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Application for quotation of +securities

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Issue date 16/7/2021 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 225,000 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 0.02000000 Any other information the entity wishes to provide about the +securities to be quoted Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description LCLAE : PERFORMANCE RIGHTS EXPIRING 31-DEC-2024 TO (Existing Class) ASX +security code and description LCL : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 15/7/2021 16/7/2021 2,440,000 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

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Application for quotation of +securities

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Application for quotation of +securities

Yes

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The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

16/7/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Issue details

Number of +securities to be quoted

2,440,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

These Performance Rights, once vested upon achievement of milestones, have nil consideration for converting to ordinary shares

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.178000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

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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	490,544,185
LCLOB : OPTION EXPIRING 16-AUG-2021	52,317,216

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	0
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	1,900,000
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	14,400,000
LCLAC : OPTION EXPIRING 18-MAY-2022 EX 2C	4,937,500
LCLAAB : PERFORMANCE RIGHTS	1,965,000
LCLAAA : PERFORMANCE RIGHTS	3,000,000

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Application for quotation of +securities

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