Business
Avrupa Minerals Announces $350,000 Private Placement
(TheNewswire) Vancouver, BC – August 14, 2024 – TheNewswire – ...
About this update from Avrupa Minerals Ltd.
[{"type":"text","content":"Avrupa Minerals Announces $350,000 Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC – August 14, 2024 –\n \n\n TheNewswire –\n \n\n Avrupa Minerals Ltd. (TSXV:AVU)\n(“Avrupa” or the “Company”)\n \n\n is\n \n\n pleased to announce that it intends to complete a\n$350,000 private placement of Units. The proceeds of the private\nplacement financing will be used to fund exploration and drilling at\nthe projects in Finland and for working capital. Avrupa has two other\nEuropean drilling projects underway, or soon to be underway, this\nsummer, one for copper and zinc and one for gold and silver, both\nfunded by partners.\n \n\n\n\n Private Placement\n \n\n\n\n Subject to the approval of the TSX Venture Exchange\n(the “Exchange”), the Company intends to raise $350,000 by way of\na non-brokered private placement offering (the “Offering”) by\nissuing 10 million units (each, a “Unit”) at a price of\n$0.035.\n \n\n\n\n Each Unit will be comprised of one common share in the\ncapital of the Company and one common share purchase warrant (each, a\n“Warrant”). Each Warrant will entitle the holder thereof to\npurchase one additional common share of the Company at an exercise\nprice of $0.10 per common share, for a period of 36 months from the\ndate of closing of the Offering.  Finders' fees of 7.0% in cash will\nbe paid to eligible parties.\n \n\n\n\n The proceeds from the issuance of the Units will be\nused by the Company to fund drilling and exploration programs in\nFinland, to fund ongoing operations in Portugal and Kosovo, and for\ngeneral corporate purposes.\n \n\n\n\n Closing of the Offering is subject to all applicable\nregulatory approvals, including the approval of the Exchange.  All\nsecurities are subject to a hold period of four months and one day in\naccordance with applicable securities laws.\n \n\n\n\n Avrupa Minerals Ltd.\n \n\n is a growth-oriented junior exploration and development\ncompany directed to discovery of mineral deposits, using a hybrid\nprospect generator business model.  The Company holds one 49%-owned\nlicense in Portugal, the Alvalade VMS Project, presently optioned to\nSandfire Portugal in an earn-in joint venture agreement. &...