Lancaster Resources Inc (CSE:LCR, OTCQB:LANRF) closed its non-brokered private placement, issuing 2,249,000 units at $0.05 per unit, each consisting of one common share and one warrant. Warrants are exercisable at $0.05 per share for three years.
The offering totaled $112,450, with $84,450 for debt conversions and $28,000 in net proceeds, used to pay existing debt.
No related parties participated, and no finders' fees were paid.
The offering closed on March 31, 2025.