Avrupa Minerals Announces $350,000 Private Placement

Avrupa Minerals Announces $350,000 Private Placement

(TheNewswire)

Avrupa Minerals Ltd.

Vancouver, BC August 14, 2024 TheNewswire Avrupa Minerals Ltd. (TSXV:AVU) ("Avrupa" or the "Company") is pleased to announce that it intends to complete a $350,000 private placement of Units. The proceeds of the private placement financing will be used to fund exploration and drilling at the projects in Finland and for working capital. Avrupa has two other European drilling projects underway, or soon to be underway, this summer, one for copper and zinc and one for gold and silver, both funded by partners.

Private Placement

Subject to the approval of the TSX Venture Exchange (the "Exchange"), the Company intends to raise $350,000 by way of a non-brokered private placement offering (the "Offering") by issuing 10 million units (each, a "Unit") at a price of $0.035.

Each Unit will be comprised of one common share in the capital of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 per common share, for a period of 36 months from the date of closing of the Offering.  Finders' fees of 7.0% in cash will be paid to eligible parties.

The proceeds from the issuance of the Units will be used by the Company to fund drilling and exploration programs in Finland, to fund ongoing operations in Portugal and Kosovo, and for general corporate purposes.

Closing of the Offering is subject to all applicable regulatory approvals, including the approval of the Exchange.  All securities are subject to a hold period of four months and one day in accordance with applicable securities laws.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.  The Company holds one 49%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire Portugal in an earn-in joint venture agreement.  The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through its in-process acquisition of Akkerman Finland Oy.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.  The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

This news release was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AVU:CA
The Conversation (0)
Avrupa Minerals Starts Drilling at Kangasjarvi, Central Finland

Avrupa Minerals Starts Drilling at Kangasjarvi, Central Finland

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals Intersects Polymetallic VMS Mineralization at Sesmarias

Avrupa Minerals Intersects Polymetallic VMS Mineralization at Sesmarias

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals Closes $350,000 Private Placement

Avrupa Minerals Closes $350,000 Private Placement

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals $350,000 Private Placement is Fully Subscribed

Avrupa Minerals $350,000 Private Placement is Fully Subscribed

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals Update on Drilling in Portugal, Kosovo and Finland

Avrupa Minerals Update on Drilling in Portugal, Kosovo and Finland

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Mineral highlights Mann West Nickel Sulphide Initial Resource as announced by Canada Nickel

Noble Mineral highlights Mann West Nickel Sulphide Initial Resource as announced by Canada Nickel

(TheNewswire)

Noble Mineral Exploration Inc.

TORONTO TheNewswire - June 11, 2025 Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann West as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Questcorp Mining Forms Advisory Board and Appoints Paul Larkin as Inaugural Advisor

Questcorp Mining Forms Advisory Board and Appoints Paul Larkin as Inaugural Advisor

Questcorp Mining Inc. (CSE: QQQ) (OTCBB: QQCMF) (FSE: D910) ("Questcorp" or the "Company"), an emerging copper and gold exploration company, is pleased to announce the formation of an Advisory Board to support the Company's continued growth and development. The Company is also pleased to announce the appointment of Mr. Paul Larkin, a highly respected industry veteran in the public company sector, as its inaugural advisor.

Saf Dhillon, President and CEO of Questcorp, stated:
"We are thrilled to welcome an accomplished mining executive like Paul Larkin to the Questcorp team. His decision to join as an advisor is a strong endorsement of everything we've built to date. With Paul's experience and guidance, we aim to enhance shareholder value through the advancement of our highly prospective exploration projects in both Canada and Mexico."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×