---
title: "Lancaster Resources targets an $800K raise at $0.05 per share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278537730.md"
description: "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."
datetime: "2026-03-10T10:39:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278537730.md)
  - [en](https://longbridge.com/en/news/278537730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278537730.md)
generator: "portal-rs"
---

# Lancaster Resources targets an $800K raise at $0.05 per share

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...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**