Latin Resources : Notification regarding unquoted securities - LRS

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

Announcement Summary

For personal use only

Entity name

LATIN RESOURCES LIMITED

Date of this announcement

Tuesday March 08, 2022

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
New class - code	Unlisted Options exercisable at $0.05 on or before	35,000,000	08/03/2022
to be confirmed	31 March 2026

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

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

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

LATIN RESOURCES 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	Registration number
ABN	81131405144
1.3	ASX issuer code
LRS

1. The announcement is New announcement
2. Date of this announcement

8/3/2022

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

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

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Issue of unlisted options per Option Funding Agreement - announced to ASX on 28 February 2022

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

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

3 / 7

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

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX

in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unlisted Options exercisable at $0.05 on or before 31
				March 2026
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	8/3/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	No
	If some of the issued +securities do not rank equally:
personal	Is the actual date from which the +securities will rank
equally (non-ranking end date) known?
	No
	Provide the estimated non-ranking end period
	31 March 2026 (Expiry Date)
	Please state the extent to which the +securities do not rank equally:
	In relation to the next dividend, distribution or interest payment; or
	For any other reason
	Upon exercise and conversion of options into ordinary shares, the securities will rank equally with the existing class of
	ordinary shares on issue
	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
For	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
The Terms and Conditions of the Options will be included in a Notice of Meeting to be prepared for the ratification of the
	issue of the Options
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.05000000	31/3/2026

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

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

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

only		LRS - Ordinary Shares
	Any other information the entity wishes to provide about the +securities the subject of this notification
	Refer to ASX Announcement lodged 22 February 2022 - $2.5m Option Funding Agreement to Advance Lithium Projects in
	Brazil
	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
use		the market in an Appendix 3B
	The issue of the options was only recently agreed with Lind as per the Announcement lodged on 22 February 2022
	I	ue details
personalFor		Number of +securities
35,000,000
			Were the +securities issued for a cash consideration?
			No
			Please describe the consideration being provided for the +securities
			Issue of the Options was a key term of the Option Funding Agreement with Lind as announced to ASX on 22 February
			2022
			Purpose of the issue
			Other
			Additional Details

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7