Avrupa Minerals Closes Private Placement
December 23 2019 - 4:15PM
Avrupa Minerals Ltd. (TSXV: AVU) is pleased to
announce that it has closed the private placement of $182,000
comprised of 3,640,000 units.
Each Unit is comprised of one common share and
one half of one common share purchase warrant. Each whole
warrant allows the holder to buy an additional share until December
18, 2021 at a price of $0.05 each. The securities have a four-month
hold period expiring on April 19, 2020.
The proceeds of this offering will be used to
cover costs necessary to complete the recently-announced option
agreement for Avrupa’s Alvalade VMS copper-zinc project in
Portugal, including legal, regulatory and administrative costs, as
well as for review of new project opportunities in Europe.
Avrupa Minerals Ltd. is a
growth-oriented junior exploration and development company directed
to discovery of mineral deposits, using a hybrid prospect generator
business model. The Company holds one 100%-owned, presently
self-funded, flagship project in Portugal, the Alvalade VMS
Project. Avrupa focuses its project generation work in
politically stable and prospective regions of Europe, including
Portugal and Kosovo, and is presently reviewing new opportunities
elsewhere around the continent.
For additional information, contact Avrupa
Minerals Ltd. at 1-604-687-3520 or visit our website at
www.avrupaminerals.com.
On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director
This news release was prepared by Company
management, who take full responsibility for its content.
Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed
Professional Geologist and a Registered Member of the Society of
Mining Engineers, is a Qualified Person as defined by National
Instrument 43-101 of the Canadian Securities Administrators.
He has reviewed the technical disclosure in this release. Mr.
Kuhn, the QP, has not only reviewed, but prepared and supervised
the preparation or approval of the scientific and technical content
in the news release.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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