Pr
Not
for
distribution
to
United
States
newswire
services
or
for
dissemination
in
the
United
States.
November
21,
2025
Lancaster
Resources
Closes
$500K
in
Financing
and
Upsizes
Offering
Due
to
Increased
Investor
Demand
Vancouver,
British
Columbia
-
Lancaster
Resources
Inc.
(CSE:LCR
|
OTC:LANRF
|
FRA:6UF0)
(
the
“Company”
or
“Lancaster”)
is
pleased
to
announce
that
it
has
successfully
closed
its
previously
announced
non-brokered
private
placement
financing,
raising
gross
proceeds
of
C$500,000
in
cash
through
the
issuance
of
10,000,000
units
at
a
price
of
C$0.05
per
unit.
Due
to
increased
investor
demand,
the
Company
is
upsizing
the
financing
by
$300,000,
bringing
the
total
offering
to
$800,000.
The
expanded
financing
will
enable
the
Company
to
accept
new
capital
and
complete
debt
conversions,
providing
enhanced
flexibility
to
accelerate
exploration.
“We’re
pleased
to
close
the
initial
$500,000
and
appreciate
the
strong
support
that
led
to
the
upsize,”
said
Andrew
Watson,
President
&
CEO.
“This
capital
allows
us
to
continue
advancing
exploration
at
Lake
Cargelligo,
where
we
see
significant
gold
discovery
potential.”
Each
unit
consists
of
one
share
and
one
warrant
to
purchase
an
additional
share
for
$0.08
for
a
period
of
two
years.
The
Company
issued
40,000
finder’s
warrants
to
purchase
shares
at
$0.08
per
share
for
two
years,
and
paid
a
cash
commission
of
$2,000
to
a
registered
broker
in
connection
with
the
financing.
All
securities
issued
pursuant
to
the
financing,
including
finders
warrants,
are
subject
to
a
statutory
hold
period
of
four
months
and
one
day
in
accordance
with
applicable
securities
laws.
Lancaster
plans
to
use
funds
from
the
financing
to
support
its
exploration
program
at
its
100%-owned
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
Australia,
as
well
as
marketing
and
general
working
capital
purposes.
It
is
anticipated
that
management
will
participate
for
up
to
$200,000
in
the
increased
financing.
This
news
release
does
not
constitute
an
offer
to
sell
or
a
solicitation
of
an
offer
to
buy
any
securities
in
the
United
States.
The
securities
described
herein
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
applicable
state
securities
laws.
Accordingly,
such
securities
may
not
be
offered
or
sold
within
the
United
States
or
to,
or
for
the
account
or
benefit
of,
U.S.
persons
(as
defined
in
Regulation
S
under
the
U.S.
Securities
Act)
unless
registered
under
the
U.S.
Securities
Act
and
applicable
state
securities
laws
or
pursuant
to
an
exemption
therefrom.
Any
public
offering
of
securities
in
the
United
States
may
only
be
made
by
means
of
a
prospectus
containing
detailed
information
about
the
Company
and
its
management,
as
well
as
financial
statements.
About
Lancaster
Resources
Inc.
Lancaster
Resources
owns
100%
of
the
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
Australia,
a
district-scale
land
package
of
~62,168
hectares
with
roughly
75
kilometres
of
highly
prospective
strike
in
the
Cobar
Mining
District.
The
project
hosts
multiple
intrusion-related
and
orogenic
gold
targets
along
an
18-kilometre
granite–sediment
contact
zone,
characterized
by
widespread
multi-element
pathfinder
anomalies
and
large,
untested
geophysical
and
geochemical
trends.
With
no
modern
geophysics
previously
completed,
Lake
Cargelligo
offers
exceptional
discovery
potential
and
is
being
advanced
toward
targeted
drilling
in
2026,
supported
by
an
extraordinary
technical
team
with
decades
of
discovery
experience
in
Australia
and
globally.
Lancaster
also
holds
complementary
gold,
uranium,
and
polymetallic
assets
in
Saskatchewan
and
Québec,
providing
additional
exploration
optionality
and
upside.
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
constitutes
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.