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Avrupa Minerals Ltd. (CVE:AVU) reports the receipt of C$ 320,000 from Metallica Mining to conclude the sale-purchase agreement.
The press release is quoted as saying:
The funds were forwarded to Avrupa in accordance with the sale of the Repparfjord copper property in Norway to a third party. The receipt of the Repparfjord funds brings the final purchase price of the MAEPA (Portugal) and IEK (Kosovo) units down to C$ 592,890, which was paid in cash last year.
Avrupa’s President and CEO, Paul Kuhn says:
“….that when the purchase agreement was concluded, the companies decided to exclude the Repparfjord property from the acquisition, but Avrupa retained the right to receive a payment if the property was sold under certain conditions. “These conditions were met close to expected schedule, and we were pleased to receive the full payment so quickly after last year’s agreement.”