Avrupa Minerals Announces $350,000 Private Placement
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TSX-V: AVU
US OTC: AVPMF
FRANKFURT: 8AM
410 – 325 Howe Street, Vancouver, BC Canada V6C 1Z7 T: (604) 687-3520 F: (888) 889-4874
August 14, 2024 NR 04 - 2024
Avrupa Minerals Announces $350,000 Private Placement
Vancouver, BC – August 14, 2024 – Avrupa Minerals Ltd. (TSXV:AVU) (“Avrupa” or
the “Company”) is pleased to announce that it intends to complete a $350,000 private
placement of Units. The proceeds of the private placement financing will be used to fund
exploration and drilling at the projects in Finland and for working capital. Avrupa has two
other European drilling projects underway, or soon to be underway, this summer, one for
copper and zinc and one for gold and silver, both funded by partners.
Private Placement
Subject to the approval of the TSX Venture Exchange (the “Exchange”), the Company
intends to raise $350,000 by way of a non-brokered private placement offering (the
“Offering”) by issuing 10 million units (each, a “Unit”) at a price of $0.035.
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 $0.10 per common share, for a period of 36 months from the date of closing of the
Offering. Finders' fees of 7.0% in cash will be paid to eligible parties.
The proceeds from the issuance of the Units will be used by the Company to fund drilling
and exploration programs in Finland, to fund ongoing operations in Portugal and Kosovo,
and for general corporate purposes.
Closing of the Offering is subject to all applicable regulatory 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.
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 49%-owned license in Portugal, the Alvalade VMS
Project, presently optioned to Sandfire Portugal in an earn-in joint venture agreement.
The Company now holds one 100%-owned exploration license covering the Slivova gold
prospect in Kosovo, and is actively advancing four prospects in central Finland through
its in-process acquisition of Akkerman Finland Oy. Avrupa focuses its project generation
work in politically stable and prospective regions of Europe, presently including Portugal,
Finland, and Kosovo. The Company continues to seek and develop other opportunities
around Europe.
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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 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.