Avrupa Minerals Closes Private Placement at $1.09 Million

Avrupa Minerals (TSXV:AVU) announced that it has closed its previously announced financing for proceeds of $1.092 million. The company has also engaged Palisade Capital for IR services.
As quoted in the press release:

Avrupa is pleased to have added certain new European investors as shareholders in this placement. Some of Avrupa’s existing shareholders also participated and continue to support the company in its efforts to advance the exploration projects in Europe.
Avrupa issued 10,920,000 units (a “Unit”) at $0.10 per Unit, for gross proceeds of $1,092,000.  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 July 14, 2018, at a price of $0.15 per common share.
As part of the financing, Avrupa issued Finder’s warrants, entitling the holder to purchase up to 468,000 shares for a period of 36 months at $0.10 per warrant.  The securities issued are subject to a four-month hold period, expiring on November 14, 2015.
Avrupa now has 55,475,797 common shares outstanding.

Click here for the full Avrupa Minerals (TSXV:AVU) press release.
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