Avrupa Minerals’ $500,000 financing fully subscribed

Mar 16, 2018

2018-03-16 09:54 ET – News Release

Mr. Paul Kuhn reports

AVRUPA MINERALS FINANCING FULLY SUBSCRIBED

The financing Avrupa Minerals Ltd. has arranged to raise $500,000 by way of a private placement of 6.25 million units at eight cents per unit has been fully subscribed and will close shortly.

The funds will be used for working capital and exploration in Portugal and Kosovo. Avrupa is in the process of completing the final agreements for the three properties in Portugal — Alvalade, Marateca and Mertola. Significant work programs will be announced for these properties upon completion of the final agreements relating to the March 5, 2018, announcement.

Each unit comprises one common share and a common share purchase warrant that entitles the holder to purchase one common share at a price of 12 cents for a period of two years from closing of the offering.

Avrupa has also granted stock options to its directors, officers, employees and consultants exercisable to acquire 1.8 million common shares at 10 cents per share for a period of five years.

Avrupa Minerals 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 eight exploration licences in three European countries, including five in Portugal covering 2,911 square kilometres, two in Kosovo covering 47 square kilometres and one in Germany covering 307 square kilometres. Avrupa now has six active option and joint ventures — five in Portugal and one in Kosovo.

http://www.avrupaminerals.com/news/

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