Avrupa Minerals Announces $1 Million Private Placement and Shares for Debt Settlement
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TSX-V: AVU
US OTC: AVPMF
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410 – 325 Howe Street, Vancouver, BC Canada V6C 1Z7 T: (604) 687-3520 F: (888) 889-4874
February 8, 2022 NR 02 - 2022
Avrupa Minerals Announces $1 Million Private Placement
and Shares for Debt Settlement
Avrupa Minerals Ltd. (TSXV :AVU) (“Avrupa” or the “Company”) is pleased to
announce that it intends to complete a non-brokered private placement for $1,000,000
(the “Offering”) and to settle $285,000 of debt held by certain Insiders of the Company
with shares . The Company will use the net proceeds of the Offering to fund the
acquisition of four projects in Finland ( see news release dated December 20, 2021 ),
exploration expenditures on the Company’s properties, and for working capital.
Private Placement
Subject to the approval of the TSX Venture Exchange (the “Exchange”), the Company
intends to complete the Offering by issuing 13,333,333 units (each, a “Unit”) at a price
of $0.075 per Unit.
Each Unit will be comprised of one common share in the capital of the Company and
one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the
holder thereof to purchase one additional common share of the Company at an exercise
price of $0.125 per common share, for a period of 36 months from the date of closing of
the Offering. Finders' fees of 7 .5% in cash and 7 .5% in finder warrants may be paid to
eligible parties.
Closing of the Offering is subject to all applicable regul atory approvals, including the
approval of the Exchange. All securities are subject to a hold period of four months and
one day in accordance with applicable securities laws.
Debt Settlement
The Company intends to settle $285,000 of debt through a shares -for-debt settlement
(the “Debt Settlement”) to two Insiders who have deferred salary and fee payments for
the past several years, and funded approximately $56,000 in Company costs with cash
loans.
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The Board of Directors believes it is in the best i nterest of the Company to settle these
debts in order to focus the private placement funds on other Company costs. Remaining
amounts of debts to Insiders will be settled in cash at a later date.
Under the terms of the Debt Settlement the Company proposes to issue 3,800,000
common shares at a deemed price of $0.075 per share, the same price of each Unit
being sold in the Offering. However, t he Debt Settlement shares will not have any
warrants attached. All shares issued pursuant to the Debt Settlement will be subject to a
hold period of four months and one day in accordance with applicable securities laws.
As with t he private placement , the debt settlement is subject to the approval of the
Exchange.
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 license in Portugal, the
Alvalade VMS Project, now optioned to S andfire MATSA in an earn- in joint venture
agreement. Avrupa focuses its project generation work in politically stable and
prospective regions of Europe, presently including Portugal and Kosovo. The Company
continues to seek and develop other opportunities around Europe and is in the process
of acquiring certain prospective mineral projects in Finland.
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 Qual ified 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 the 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.