Avrupa Minerals Announces $500,000 Financing

Avrupa Minerals Ltd. (TSXV:AVU) has arranged a financing for $500,000 through a non-brokered private placement of units. The company now has 38,973,571 common shares outstanding, and that number will increase to 40,973,571 common shares upon completion of the financing.

As quoted in the press release:

The financing will consist of 2 million Units at a price of $0.25 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 $0.40 per common share for a 36-month period starting on the closing of this offering.

Avrupa president and CEO, Paul Kuhn, said:

We have had our best year yet, in terms of being active on several projects, and the success at the Alvalade project will keep us active for some time.

Click here to read the Avrupa Minerals (TSXV:AVU) press release
Click here to see the Avrupa Minerals (TSXV:AVU) profile.