Avrupa Minerals (TSXV:AVU) has closed its previously increased financing for $1,100,000. The company reports that certain strategic investors participated in the financing, while the management team and several shareholders also increased their positions.
As quoted in the press release:
Avrupa issued 4.4 million units (a “Unit”) at $0.25 per Unit, for gross proceeds of $1,100,000. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 36-month period, expiring August 22, 2017, at a price of $0.40 per common share.