Avrupa Minerals Agree Upon New Private Placement

Avrupa Minerals Ltd.(TSXV:AVU) announced that it has agreed upon a non-brokered private placement for financing of $1.2million. The additional funds will be used to advance exploration in Portugal, Kosovo and Germany.

As quoted in the press release:

The financing will consist of 4 million Units at a price of $0.30 per Unit. 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 $0.50 per common share for a 24 month period starting on the closing of this offering.

Avrupa, President and CEO, Paul Kuhn, said:

We now have two projects optioned out to strong partners. We will focus the new funds on exploration work to advance our best prospects, including new, recently-announced opportunities in Germany and Kosovo. Our goal continues to be the formation of further partnerships to advance these programs to a potential important mineral discovery. 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 Ltd. (TSXV:AVU) press release