Avrupa Minerals arranges $500,000 financing

Mar 9, 2018

2018-03-07 10:16 ET – News Release

Mr. Paul Kuhn reports

AVRUPA MINERALS ARRANGES $500,000 PRIVATE PLACEMENT

Avrupa Minerals Ltd. has arranged a financing to raise $500,000 by way of a private placement of 6.25 million units at eight cents per unit. Each unit comprises one common share and common share purchase warrant which 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.

The proceeds of the offering will be used for exploration and operations in Portugal, Kosovo and Vancouver, and for general working capital. Some of the proceeds may also be used for due diligence reviews of potential acquisitions.

Paul Kuhn, president and chief executive officer, commented, “With the upcoming option arrangements with a new partner on our three pyrite belt properties in Portugal, this small financing will allow us to continue work on other properties in Portugal and Kosovo, as well as generate some new possibilities in the region.”

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 licenses in three European countries, including five in Portugal covering 2,911 square kilometres, two in Kosovo covering 47 square km and one in Germany covering 307 square km. Avrupa now has three active option and joint venture agreements, two in Portugal and one in Kosovo, including:

The Alvito option agreement with OZ Minerals Ltd. covering one licence in the Ossa Morena zone in southern Portugal, for iron-oxide-copper-gold deposits;
The Covas joint venture, with Blackheath Resources, covering one licence in northern Portugal, for intrusion-related W deposits;
Avrupa’s partner at the Slivovo gold project in Kosovo is fully financing the program, allowing Avrupa to dilute its ownership in the JV operating company Peshter Mining JSC. If AVU ownership goes below 10 per cent, the interest in the project converts to a 2-per-cent net smelter returns royalty.

This news release was prepared by company management, who take full responsibility for its content. Paul W. Kuhn, president and chief executive officer 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 qualified person, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

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