Metminco Limited (ASX: MNC) (to be renamed Los Cerros Limited) (ASX: LCL) ('Metminco' or 'the Company'), is pleased to advise that it has set a date of 11 December 2019 as the 'Record Date' to determine eligibility for an offer of Bonus Options to eligible shareholders for nil consideration ('Bonus Options Offer').
On announcement of its merger with unlisted company Andes Resources Limited on 17 May 2019, the Company disclosed its intention to make an offer of Bonus Options to eligible shareholders post completion of the merger.
Metminco's Managing Director, Jason Stirbinskis commented: 'With the merger now behind us, and our maiden gold drilling program recently commenced, the Board considers now is the appropriate time to reward loyal shareholders for their support through the merger and associated transactions.
We are searching for gold deposits in Colombia, in a region that has already been proven to host several world-class gold deposits. As such, the drilling we are now undertaking at Chuscal, or our future endeavours on our broader portfolio of targets, could be transformational for the Company, and we want to ensure the current group of shareholders stand to reap the benefits of potential exploration success from the current program.
As a result, we wish to offer this chance of increased leverage to exploration success through the issue of Bonus Options to our existing group of shareholders who have supported this vision to become a leading Colombian gold explorer'.
The Bonus Options Offer
Under terms of the Bonus Options Offer, eligible shareholders will be issued with one (1) new quoted option for every five (5) shares held on the Record Date and each option will have an exercise price of $0.16 each and expiry date 16th August 2021 (Bonus Options). The Bonus Options will be issued for nil consideration and the Company will seek to have the Bonus Options quoted on the ASX.
Shareholders with a registered address in Australia or New Zealand, registered on the Metminco share register as at 5pm WST on 11 December 2019 will be entitled to receive the Bonus Options.
Shareholders are not required to take any action in relation to the Bonus Options Offer to receive the Bonus Options.
The Prospectus will be dispatched to eligible shareholders in due course and is also available for inspection at the registered office of the Company at Suite 3, Level 2, 470 Collins Street, Melbourne, Victoria, 3000 during normal business hours.
Contact:
Jason Stirbinskis
Email: jstirbinskis@metminco.com.au
FORWARD LOOKING STATEMENTS
This document contains forward looking statements concerning Metminco. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on Metminco's beliefs, opinions and estimates of Metminco as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. No representation, warranty or undertaking, express or implied, is given or made by the Company that the occurrence of the events expressed or implied in any forwardlooking statements in this presentation will actually occur.
LOS CERROS LIMITED 
