Avrupa Issues 4 Million Units for Gross Proceeds of $1.2 Million

Avrupa Minerals Ltd.(TSXV:AVU) announced that it has closed a $1.2 million financing. The financing issued four million units at a cost of $0.30 per unit.

As quoted in the press release:

Finder’s warrants, entitling the holders to purchase up to 183,913 Units for a period of 24 months from issue at $0.30 per Unit, were issued. A cash finder’s fee of $55,174 was paid. The securities issued are subject to a four-month hold period that expires on July 28, 2012. Insiders participated in the offering for a total of 303,667 Units.

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