Non-brokered, fully subscribed deal offers shares, three-year warrants
By Devika Patel
Knoxville, Tenn., Aug. 25 – Avrupa Minerals Ltd. said it settled a C$1.1 million non-brokered private placement of units. The fully subscribed deal priced for C$500,000 on Aug. 5 and was increased to C$1 million on Aug. 12.
The company sold 4.4 million units of one common share and one warrant at C$0.25 per unit. The warrants are each exercisable at C$0.40 until Aug. 22, 2017. 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.
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| Issue: | Units of one common share and one warrant
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| Amount: | C$1.1 million
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| Units: | 4.4 million
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Aug. 22, 2017
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| Warrant strike price: | C$0.40
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| Agent: | Non-brokered
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| Pricing date: | Aug. 5
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| Upsized: | Aug. 12
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| Settlement date: | Aug. 25
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| Stock symbol: | TSX Venture: AVU
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| Stock price: | C$0.26 at close Aug. 4
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| Market capitalization: | C$10.02 million
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