Latin Resources : Director exercises LRSOC Options & Appendix 3Ys

For personal use only

	LATIN RESOURCES LIMITED
	ACN: 131 405 144
	Unit 3, 32 Harrogate Street
	West Leederville, Western Australia,
	6007.
	P 08 6117 4798
	E [e-mail]
	W www.latinresources.com.au
8 March 2021	ASX Announcement

DIRECTOR EXERCISES LRSOC OPTIONS

Latin Resources Limited (ASX: LRS) ("Latin" or "the Company") is pleased to advise that Non -Executive Director Brent Jones has exercised 5,000,000 LRSOC options to acquire 5,000,000 fully paid ordinary shares for a consideration of A$60,000.

The option exercises above bring the total LRSOC options exercised over a 12-month period from 2 March 2021 to the 4 March 2022 to a total of 147,010,517 bringing in funds of A$1.76 million to the Company.

The relevant Appendix 3Ys in respect of the directors' equity movements are attached.

This Announcement has been authorised for release to ASX by the Board of Latin Resources

For further information please contact:

Chris Gale	Sarah Smith
Executive Director	Company Secretary
Latin Resources Limited	Latin Resources Limited
[phone]	[phone]
	[e-mail]
	www.latinresources.com.au

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For personal use only

About Latin Resources

About Latin Resources

Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, with projects in Australia and South America, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions.

The Australian projects include the Cloud Nine Halloysite-Kaolin Deposit. Cloud Nine Halloysite is being tested by CRC CARE aimed at identifying and refining halloysite usage in emissions reduction, specifically for the reduction in methane emissions from cattle.

In Latin America the Company focus is on its two Lithium projects, one in the state of Minas Gerais, Brazil and the other, the Catamarca Lithium Project in Argentina in which lithium is highly sought after as critical mineral for electric vehicles and battery storage.

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Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	LATIN RESOURCES LIMITED
ABN	81 131 405 144

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brent Jones
Date of last notice	02 March 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	(a) Director and Shareholder of Unrandom Pty Ltd
(including registered holder)	(b) Director and Shareholder of Vonetta Pty Ltd
Note: Provide details of the circumstances
giving rise to the relevant interest.
Date of change	04 March 2022
No. of securities held prior to	(a)	20,619,088 Shares
change		1,000,000 Unquoted restricted loan funded shares
		20,833,250 Listed Options (exercisable at $0.012; expiry 31
		December 2022) (LRSOC)
		2,686,567 Deferred Rights
	(b)	3,360,729 Shares
Class		1.	Listed Options
		2.	Deferred Rights

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

				Appendix 3Y
				Change of Director's Interest Notice
Number acquired	1.	5,000,000	Ordinary shares (on exercise of options)
		2.	1,309,037	Restricted Shares (on vesting of Deferred Rights)

only

Number disposed

1. 5,000,000 Listed Options (exercised)

2.

1,343,284 deferred rights (vested and converted)

use

Value/Consideration

1.

$0.012 per share (on exercise of options)

Note: If consideration is non-cash, provide

2.

Nil- vesting and conversion of Tranche 2 deferred rights

details and estimated valuation

personal

No. of securities held after change

(a)

25,619,088 Shares

1,000,000 Unquoted restricted loan funded shares

1,309,037 Restricted Shares

15,833,250 Listed Options (exercisable at $0.012; expiry 31

December 2022) (LRSOC)

1,343,283 Deferred Rights

(b)

3,360,729 Shares

Nature of change

1. Exercise of Listed Options (LRSOB)

Example: on-market trade, off-market trade,

2. Vesting and conversion of Tranche 2 Deferred Rights into

For

exercise of options, issue of securities under

ordinary shares (Terms and Conditions in Notice of Meeting

dividend reinvestment plan, participation in

lodged with ASX on 8th January 2021

buy-back

https://www.asx.com.au/asxpdf/20210108/pdf/44rm0mlx756t17.

pdf)

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director"

should be disclosed in this part.

Detail of contract

N/a

Nature of interest

N/a

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Name of registered holder	N/a
(if issued securities)
Date of change	N/a
No. and class of securities to which interest	N/a
related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired	N/a
Interest disposed	N/a
Value/Consideration	N/a
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/a

Part 3 - +Closed period

Were the interests in the securities or No contracts detailed above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to N/a allow the trade to proceed during this period?

If prior written clearance was provided, on N/a what date was this provided?

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3