Avrupa to extend, reprice four million warrants
AVRUPA AMENDS WARRANT TERMS
Avrupa Minerals Ltd. is seeking approval from the TSX Venture Exchange to amend the terms of certain warrants which would otherwise expire on Dec. 15, 2014.
Four million warrants granted on March 28, 2012, with the original expiry date of March 28, 2014, were extended to expire on Dec. 15, 2014, previously, and the company is now extending them to expire on March 28, 2017, with each warrant entitling the holder to purchase one common share of the company at 40 cents per share instead of the original exercise price of 50 cents per share.
Paul W. Kuhn, president, commented, “With our drill programs in Portugal and Kosovo, Avrupa has the opportunity to receive the funds from the exercise of these warrants and give our loyal shareholders a better opportunity to profit from the exercise of the warrants; therefore we decided to amend the terms of the warrants.”
This news release was prepared by company management, which takes full responsibility for its content. Mr. 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.
http://www.avrupaminerals.com/news/