Avrupa Minerals Closes $1.25 Million 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
March 2, 2022 NR 04 - 2022
Avrupa Minerals Closes $1.25 Million Private Placement
Avrupa Minerals Ltd. (TSXV:AVU) (“Avrupa” or the “C ompany”) is pleased to report
that the financing announced on February 8, 2022 an d increased on February 23, 2022
has now been closed.
The Company raised a total of $1,250,000 from the i ssuance of the 16,666,667 units 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.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “We will now close
the acquisition of the new Finland projects and the n begin work to advance the projects
through the exploration licensing process, with the goal of selecting the best areas in
each of the reservations for license application. We also expect to acquire and compile
existing historic data, and continue with new proje ct exploration work and starting the
drill targeting process.”
Each unit is comprised of one common share and one common share purchase warrant
at $0.075 per unit. The warrant is valid for three years expiring February 28, 2025 and is
exercisable at $0.125 to acquire one common share.
Finder’s fees of 7.5% in cash and 7.5% in finder’s warrants were paid to eligible parties.
Each finder’s warrant is exercisable into one commo n share at an exercise price of
$0.075 until August 28, 2023. All securities are s ubject to a four-month hold expiring on
June 29, 2021.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and develo pment
company directed to discovery of mineral deposits, using a hybrid prospect generator
business model. The Company holds one 100%-owned l icense in Portugal, the
Alvalade VMS Project, now optioned to Sandfire MATS A in an earn-in joint venture
agreement. Avrupa focuses its project generation w ork in politically stable and
prospective regions of Europe, presently including Portugal and Kosovo. The Company
continues to seek and develop other opportunities a round Europe and is in the process
of acquiring certain prospective mineral projects in Finland.
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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 managemen t, who take full responsibility for its content. P aul W.
Kuhn, President and CEO of Avrupa Minerals, a Licen sed 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 Can adian
Securities Administrators. He has reviewed the tec hnical disclosure in this release. Mr. Kuhn, the Q P, has not only
reviewed, but prepared and supervised the preparati on or approval of the scientific and technical cont ent 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.