Lancaster Resources Announces Financing
Lancaster Resources Announces Financing
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) -
Lancaster Resources Inc. (CSE:
LCR) (OTC Pink: LANRF) (FSE: 6UF0)
("
Lancaster
" or the "
Company
") is pleased to announce that
it is offering a non-brokered private placement for aggregate gross proceeds of up to $800,000 (the
"
Offering
").
The Offering will consist of up to 16,000,000 common shares at an issue price of $0.05 per
share.
The proceeds from the private placement will be used for further exploration activities to advance Lake
Cargelligo Gold Project to drill ready status, exploration at Lac Iris Polymetallic, and general working
capital purposes.
Finders fees of up to 8% cash may be paid to qualified finders in connection with the Offering.
All
securities issued as part of the Offering will be subject to a statutory hold period of four months and one
day from the issuance date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
Closing of the Offering is expected to take place on March 27, 2026.
Andrew Watson, P.Eng.,
President & CEO and a Director of the Company, is a
Qualified Person
as
defined under
National Instrument 43-101 - Standards of Disclosure for Mineral Projects
. Mr. Watson
has reviewed and approved the scientific and technical information contained in this news release. Mr.
Watson is a Director and the President and CEO of Lancaster and is not independent of the Company.
About Lancaster Resources Inc.
Lancaster Resources Inc. is a Canadian exploration company advancing a diversified portfolio of gold
and silver exploration projects in established mining jurisdictions. The Company holds a 100% interest in
the Lake Cargelligo Gold Project in New South Wales, Australia, which is prospective for both gold and
silver mineralization, covering approximately 62,300 hectares with a history of drilling and exploration
and multiple high-priority targets. In Canada, Lancaster's assets include the Lac Iris Polymetallic Project
in Quebec's James Bay region and the Piney Lake Gold Project in Saskatchewan. Lancaster's portfolio
provides exposure to gold, silver, and polymetallic exploration opportunities across tier-one jurisdictions.
Andrew Watson, President & Chief Executive Officer,
Lancaster Resources Inc.
Tel: (604) 923-6100
www.lancaster-resources.com
The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this
news release.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events, or Lancaster's future performance. The use of any of the words
"could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to identify forward-looking information and
are based on Lancaster's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its
exploration plans, raise capital, retain key personnel, identify, acquire, explore, and develop high-
quality mineral-rich properties constitute forward-looking information. Actual results and
developments may differ materially from those contemplated by forward-looking information. Readers
are cautioned not to place undue reliance on forward-looking information. The statements made in
this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to
publicly update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, except as may be expressly required by applicable securities laws.
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DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/287841