Avrupa Minerals Closes $1.25 Million Private Placement

Avrupa Minerals Closes $1.25 Million Private Placement

(TheNewswire)

Avrupa Minerals Ltd.

TheNewswire March 2, 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 and increased on February 23, 2022 has now been closed.

The Company raised a total of $1,250,000 from the issuance of the 16,666,667 units 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.

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "We will now close the acquisition of the new Finland projects and then begin work to advance the projects through the exploration licensing process, with the goal of selecting the best areas in each of the reservations for license application.  We also expect to acquire and compile existing historic data, and continue with new project exploration work and starting the drill targeting process."

Each unit is comprised of one common share and one common share purchase warrant at $0.075 per unit. The warrant is valid for three years expiring February 28, 2025 and is exercisable at $0.125 to acquire one common share.

Finder's fees of 7.5% in cash and 7.5% in finder's warrants were paid to eligible parties. Each finder's warrant is exercisable into one common share at an exercise price of $0.075 until August 28, 2023.  All securities are subject to a four-month hold expiring on June 29, 2021.

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)

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)

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)

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)

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)

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Corazon Mining

Corazon Mining


Keep reading...Show less
Billboard with the word "tariffs" and stars against a cloudy sky.

Trump's Copper Tariffs: Market Impact and How to Invest

Tariffs have been central to Donald Trump’s presidency even before he assumed office at the start of 2025.

From his perspective, levies on nearly all US imports are meant to balance a trade deficit with major partners, including Canada, Mexico, the EU and the UK, while stimulating domestic production in key sectors.

Trump has put forward other reasons for tariffs as well, saying he wants to stem the flow of illegal drugs and immigration, and mentioning broader national security concerns. How effective tariffs would be at controlling these issues is unclear, but they have sown uncertainty and chaos through global financial markets.

Keep reading...Show less
Copper ore in foreground, with world map showing countries in copper on black background.

Top 5 Copper Reserves by Country

Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long term has experts concerned.

Due to its importance in construction, energy transmission and new technologies, copper is a critical metal needed to power the future of our society. However, mined supply has not kept pace with demand, with few new operations coming online, and older mines facing decreasing grades and lower outputs.

The term “peak copper” was coined because some experts believe that copper reserves may be diminishing. According to the US Geological Survey (USGS), more than 700 million metric tons of copper have been mined throughout history, and current economic global copper reserves stand at 980 million metric tons.

Keep reading...Show less

Latest Press Releases

Related News

×