Fully subscribed offering sells common shares with three-year warrants
By Devika Patel
Knoxville, Tenn., July 28 – Avrupa Minerals Ltd. said it settled a C$1.09 million private placement of units. The fully subscribed deal priced for C$400,000 on June 30 and was increased to C$1.08 million on July 8.
The company sold 10.92 million units of one common share and one warrant at C$0.10 per unit. The warrants are each exercisable at C$0.15 for three years until July 14, 2018. The strike price reflects a 50% premium to the June 29 closing share price of C$0.10.
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$1,092,000
|
| Units: | 10.92 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | July 14, 2018
|
| Warrant strike price: | C$0.15
|
| Pricing date: | June 30
|
| Upsized: | July 8
|
| Settlement date: | July 28
|
| Stock symbol: | TSX Venture: AVU
|
| Stock price: | C$0.10 at close June 29
|
| Market capitalization: | C$4.99 million
|
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