Americore Resources Corp. Announces Closing of Initial Payment Under Seka Claims Acquisition

Executive Summary

• Americore Resources Corp. completed the initial cash payment of US$100,000 and issued 250,000 common shares to Nevada Hills Gold LLC under the amended acquisition agreement for the Seka mineral claims in Nevada.
• A second and final payment of US$100,000 plus another 250,000 common shares is due 15 months after TSX Venture Exchange approval.
• The vendor will retain a 0.5% Net Smelter Return royalty on future production, with potential buy‑back terms to be negotiated.

Key Details

• Initial cash consideration paid: US$100,000.
• Initial share consideration issued: 250,000 common shares of Americore Resources Corp.
• Remaining obligation: US$100,000 cash + 250,000 common shares, payable 15 months after TSX Venture Exchange approval.
• Asset acquired: Seka mineral claims located in Nevada, USA.
• Vendor royalty: 0.5% Net Smelter Return (NSR) on future mineral production; buy‑back terms to be negotiated subject to exchange policies.
• Transaction characterized as an arm’s‑length transaction with no finders’ fees paid.

Notable Quotes

(No direct quotes were provided in the release.)