Avrupa Minerals (TSXV:AVU) has announced that its $500,000 financing announced August 5 has been oversubscribed. Avrupa has increased the financing to $1 million.
As quoted in the press release:
The financing participants include investors that have supported Avrupa in the past and who are able to assist Avrupa in the future with potential financial and strategic support. The financing is fully subscribed and will close shortly.
Avrupa president and CEO, Paul Kuhn, said:
Avrupa is pleased with the continued strong support shown by the core strategic shareholder group. Our three joint-venture partners’ programs in 2014, as well as the exploration alliance with Callinan Royalties, will benefit the existing and new shareholders, and the success at the Alvalade project will also keep us active in the near future.