Non-brokered, fully subscribed deal offers shares, three-year warrants
By Devika Patel
Knoxville, Tenn., Aug. 12 – Avrupa Minerals Ltd. said it increased a non-brokered private placement of units to C$1 million from C$500,000. The fully subscribed deal priced Aug. 5.
The company will now sell 4 million units of one common share and one warrant at C$0.25 per unit. The warrants are each exercisable at C$0.40 for three years. The strike price reflects a 53.85% premium to the Aug. 4 closing share price of C$0.26.
Avrupa is a Vancouver, B.C.-based copper, gold, tin, tungsten, silver, base metals and uranium exploration and development company.
| Issuer: | Avrupa Minerals Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 4 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 5
|
| Upsized: | Aug. 12
|
| Stock symbol: | TSX Venture: AVU
|
| Stock price: | C$0.26 at close Aug. 4
|
| Market capitalization: | C$10.91 million
|
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