Avrupa Announces $1 Million Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/07/16 -- Avrupa Minerals Ltd. (TSX VENTURE: AVU)(FRANKFURT: 8AM) has arranged a private placement of 10 million units at $0.10 per unit for gross proceeds of $1 million. Each unit will have a four-month hold period and is comprised of one common share plus a warrant to purchase another common share at $0.15 for a period of three years.
During 2015 and 2016, Avrupa has achieved the following:
Avrupa generally funds exploration by bringing in partners on its mineral exploration projects and has arranged six partnerships over the past six years funding over $15 million in exploration. In line with that, the proceeds of the current private placement will mostly be used for administration costs and early stage exploration, including a venture into one new near-by country, with the aim of upgrading present projects to be ready for joint venture.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.
The Company currently holds nine exploration licenses in three European countries, including six in Portugal covering 3,821 km2, two in Kosovo covering 47 km2, and one in Germany covering 307 km2. Avrupa has three joint ventures, two in Portugal and one in Kosovo:
Avrupa is currently upgrading precious and base metal targets to JV-ready status in a variety of districts on their other licenses, with the idea of attracting potential partners to project-specific and/or regional exploration programs.
On behalf of the Board,
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 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.
Contacts:
Avrupa Minerals Ltd.
1-604-687-3520
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Datum: 07.06.2016 - 20:30 Uhr
Sprache: Deutsch
News-ID 476281
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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