LCL RESOURCES LIMITED — Share Issue/Capital Change 2021

Jun 7, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

LOS CERROS LIMITED

Date of this announcement

Tuesday June 08, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
LCLAC	OPTION EXPIRING 18-MAY-2022 EX 2C	850,000	24/06/2020

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LOS CERROS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

8/6/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Number of options in class LCLAC was understated by 850,000 in the Appendix 2A lodged 21 May 2021

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class

ASX +security code and description

LCLAC : OPTION EXPIRING 18-MAY-2022 EX 2C

Date the +securities the subject of this notification were issued

24/6/2020

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

These options pertain to the Appendix 3G originally lodged on 25 June 2020. A clerical error meant they did not appear on the Appendix 2A lodged on 21 May 2021.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

850,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

nil Other

Purpose of the issue

Additional Details

The options were originally announced in Appendix 3G on 25 June 2020

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
LCL : ORDINARY FULLY PAID	472,965,002
LCLOB : OPTION EXPIRING 16-AUG-2021	53,015,033
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	2,440,000
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	2,571,429
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	27,587,500
LCLAC : OPTION EXPIRING 18-MAY-2022 EX 2C	5,225,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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