Avrupa Minerals raises $250,000
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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
November 19, 2019 NR 07 - 2019
Avrupa Minerals raises $250,000
VANCOUVER, British Columbia, November 19, 2019 -- Avrupa Minerals Ltd.
(TSXV: AVU) (US OTC:AVPMF) (FRANKFURT:8AM) is pleased to announce that it
has arranged a private placement of 5 million units at 5 cents each to raise
$250,000. Each unit will consist of one common share and one half of one common
share purchase warrant. Each whole common share purchase warrant will be non -
transferable and will allow the holder to purchase one additional common share for
period of two years for an additional 5 cents.
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.
In order for the upcoming Alvalade option agreement to be completed , Avrupa will
receive a cash payment of 400,000 euros (approximately C$588,000) to Avrupa which
will be used for administrative costs and to advance new projects.
Paul Kuhn, CEO, noted that “We are excited to move ahead on the Alvalade Project
with our new partner. In addition, Avrupa is reviewing new opportunities and projects in
Portugal and elsewhere in Europe that we can explore, upgrade, and potentially option
out to new partners.”
Director Resignation
Mr. Ross Stringer, CPA, CA has also stepped down from the board of Directors to
pursue other interests. Mr. Stringer has been a great asset to the company with sound
financial and management advice , and the Board thanks him for his years of service to
Avrupa’s shareholders. The Board will review a list of candidates to fill the vacancy left
by Mr. Stringer’s resignation.
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
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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 Avrup a 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 th e adequacy or accuracy of this release. Statements in this press
release, other than purely historical information, including statements relating to the Company’s future plans and
objectives or expected results, may include forward -looking statements. Fo rward-looking statements are based on
numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from those described in the forward-looking statements.