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Provider: Reuters Investment Profile
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Avrupa Minerals Ltd Announces Strategic $350,000 Financing


Thursday, 10 Oct 2013 04:15pm EDT 

Avrupa Minerals Ltd announced that it has arranged a private placement of $350,000 by way of a non-brokered private placement of units. Avrupa recently signed an exploration alliance agreement with Callinan Royalties Corporation (Callinan), and this private placement is also from Callinan. The financing will consist of 3.5 million Units at a price of $0.10 per Unit. Each Unit is comprised of a common share and a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.15 per common share for a 36-month period starting on the closing of this offering. These terms are the same as the terms for the $600,000 financing completed in September. 

Company Quote

0.28
-0.04 -12.50%
3:59pm EDT