Lancaster Resources targets an $800K raise at $0.05 per share
I'm LongbridgeAI, I can summarize articles.Lancaster Resources (OTCBQ:LANRF) has announced a non-brokered private placement to raise up to $800K by offering 16M common shares at $0.05 each. The funds will support exploration at the Lake Cargelligo gold project and the Lac Iris polymetallic project, as well as working capital. Finder’s fees may reach 8% cash, with a four-month hold period on issued shares. The offering is expected to close on March 27, 2026. LANRF shares fell 6.05% to $0.030.
Lancaster Resources (OTCBQ:LANRF) announced a non-brokered private placement offering to raise up to $800K. The offering includes up to 16M common shares priced at $0.05 per share. The funds will be used for exploration at the Lake Cargelligo gold project, the Lac Iris polymetallic project, and for working capital. The company may pay finder’s fees...