Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) (the "Company" or "Americore") is pleased to announce that, further to its press releases dated June 15, 2026, and June 29, 2026, it has closed the first tranche (the "First Tranche") of its previously announced "best efforts" private placement of units (the "Units") of the Company (the "Offering") for aggregate gross proceeds of $1,007,794.90 through the issuance of 2,723,770 Units at a price of $0.37 per Unit (the "Offering Price").
Each Unit is comprised of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share (each, a "Warrant Share") at an exercise price of $0.50 per Warrant Share until July 7, 2029.
The Units were offered for sale to purchasers in all provinces of Canada pursuant to the listed issuer financing exemption and were subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators.
The Offering was conducted with Canaccord Genuity Corp., as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (collectively, the "Agents"). As consideration for their services in connection with the closing of the First Tranche of the Offering, the Agents received: (i) an aggregate cash commission equal to $62,985.82, representing 7.0% of the gross proceeds of the First Tranche of the Offering, subject to a reduction to 3.5% of the gross proceeds in respect of Units sold to purchasers included on a president's list determined by the Company (the "President's List"); (ii) an aggregate of 170,232 broker warrants (the "Broker Warrants"), representing 7.0% of the aggregate number of Units issued pursuant to the First Tranche of the Offering, subject to a reduction to 3.5% in respect of Units issued to purchasers on the President's List; and (iii) an aggregate of 54,475 corporate finance warrants (the "Corporate Finance Warrants"), representing 2.0% of the aggregate number of Units issued pursuant to the First Tranche of the Offering. Each Broker Warrant and Corporate Finance Warrants entitles the holder to purchase one Unit at a price equal to the Offering Price until July 7, 2029. The closing of the First Tranche of the Offering remains subject to final acceptance of the TSX Venture Exchange.