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Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) increased the offering announced on September 19, 2012 from $975,000 to $1,198,500 or a total of 7,990,000 Units.
As quoted in the press release:
Avrupa currently has 20,603,571 common shares outstanding which will increase to 28,593,571 common shares upon completion of this financing. The offering is subject to TSX Venture Exchange approval and is expected to close shortly.
Each Unit is comprised of a common share and a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.25 per common share for a 36-month period, starting on the closing date of this offering.
Avrupa President and CEO Paul Kuhn said:
Our two JV projects in Portugal are progressing well. Our next focus will be to advance our other prospects in Portugal, Germany, and Kosovo to be able to form joint venture partnerships and further advance these programs. Funds will also be used to continue to generate new ideas and prospects in our core areas and elsewhere in Europe.
Click here to read the Avrupa Minerals (TSXV:AVU,FWB:8AM) press release
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