Avrupa Minerals Announces Private Placement Over-subscribed

Avrupa Minerals Announces Private Placement Over-subscribed

 

(TheNewswire)

  Avrupa Minerals Ltd. 

 

Vancouver, BC TheNewswire - February 23, 2022 - Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) ("Avrupa" or the "Company") is pleased to report that the financing announced on February 8, 2022 is over-subscribed and increased to $1,250,000. The Company will use the net proceeds of the Offering to fund the acquisition of four projects in Finland ( see news release dated December 20, 2021 ), exploration expenditures on the Company's properties, and for working capital.

 

  Private Placement  

 

  Subject to the approval of the TSX Venture Exchange (the "Exchange"), the Company now intends to complete the Offering by issuing 16,666,667 units (each,   a "Unit") at a price of $0.075 per Unit.  

 

  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 $0.125 per common share, for a period of 36 months from the date of closing of the Offering.  Finders' fees of 7.5% in cash and 7.5% in finder warrants may be paid to eligible parties.  Each finder's warrant is exercisable into one common share at $0.075 for a period of 18 months.  

 

  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.  

 

  Debt Settlement  

 

  The Company intends to settle $285,000 of debt through a shares-for-debt settlement (the "Debt Settlement") to two Insiders who have deferred salary and fee payments for the past several years, and funded approximately $56,000 in Company costs with cash loans.  

 

  The Debt Settlement has also been approved by the TSX Venture Exchange and will be completed shortly.  

 

  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 100%-owned license in Portugal, the Alvalade VMS Project, now optioned to Sandfire MATSA in an earn-in joint venture agreement.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal and Kosovo.  The Company continues to seek and develop other opportunities around Europe and is in the process of acquiring certain prospective mineral projects in Finland.  

 

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) 2022 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 Announces $350,000 Private Placement

Avrupa Minerals Announces $350,000 Private Placement

 

(TheNewswire)

 
     
  Avrupa Minerals Ltd. 
          
 

 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Team Expansion & Bulk Met Testing Commences

Empire Metals Limited (LON:EEE), the AIM-quoted and OTCQB-traded resource exploration and development company, is pleased to announce several strategic technical appointments and partnerships that strengthen the in-house project development team and support the advancement of the Pitfield Titanium Project ("Pitfield" or the "Project") in Western Australia.

These appointments coincide with the commencement of bulk-scale metallurgical testing, a critical step in progressing Pitfield toward commercial development.

Keep reading...Show less
Cracked globe labeled "Tariffs" and "Sanctions" on a wooden surface.

Global Outcry Mounts Over Trump’s Tariff Blitz Ahead of Deadline

President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country's closest allies and trading partners.

Keep reading...Show less
Lobo Tiggre, copper bars.

Lobo Tiggre: Copper's Trump Tariffs — Plus Gold Price, Uranium Opportunity

Lobo Tiggre, CEO of IndependentSpeculator.com, discusses the recent news that the US plans to put a 50 percent tariff on copper imports.

He also weighs in on gold, silver and platinum price drivers, as well as uranium stocks.

Keep reading...Show less
Metal pipes and bars obstructed by yellow "tariffs" tape with US flags.

Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

US President Donald Trump said Tuesday (July 8) that he plans to impose a 50 percent tariff on all copper imports, a dramatic escalation of his administration’s use of targeted trade restrictions on national security grounds.

“I believe the tariff on copper, we're going to make 50 percent,” Trump said during a White House cabinet meeting.

Though he did not provide a timeline, Commerce Secretary Howard Lutnick said in a subsequent CNBC interview that the tariff could take effect by late July or as early as August 1, with details to be posted on Trump’s Truth Social account.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Completion of MRE Drilling Campaign

Completion of Major Drilling Campaign Targeting Maiden Mineral Resource Estimate

Empire Metals Limited, the AIM-quoted and OTCQB-traded exploration and development company, is pleased to announce the successful completion of its largest drilling campaign to date at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'). This programme focussed on high-grade titanium mineralisation within the in-situ weathered cap at the Thomas Prospect and is designed to underpin the Company's maiden JORC compliant Mineral Resource Estimate ('MRE').

Highlights

Keep reading...Show less

Latest Press Releases

Related News

×