{"id":4181,"date":"2024-11-21T13:49:47","date_gmt":"2024-11-21T13:49:47","guid":{"rendered":"https:\/\/kosovochamberofmines.com\/?p=4181"},"modified":"2024-11-21T14:08:22","modified_gmt":"2024-11-21T14:08:22","slug":"avrupa-minerals-closes-350000-private-placement","status":"publish","type":"post","link":"https:\/\/kosovochamberofmines.com\/al\/avrupa-minerals-closes-350000-private-placement\/","title":{"rendered":"Avrupa Minerals Closes $350,000 Private Placement"},"content":{"rendered":"
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The Company raised $350,000 from the sale of 10,000,000 Units at $0.035 per Unit.\u00a0 Each Unit is comprised of one common share and one common share purchase warrant.\u00a0 Each common share purchase warrant entitles the holder to purchase one common share for $0.10 per common share until September 5, 2027.\u00a0 The common share purchase warrants are non-transferable.\u00a0 All securities are subject to a four-month hold expiring on January 6, 2025.\u00a0 The Company did not pay any finders\u2019 fees.<\/p>

A director of the Company purchased or acquired direction and control over a total of 371,429 Units under the private placement. The placement to this person constitutes a \u201crelated party transaction\u201d within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 \u2013Protection of Minority Security Holders in Special Transactions\u00a0<\/em>(\u201cMI 61-101\u201d) adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company\u2019s market capitalization (as determined under MI 61-101).<\/p>

The proceeds from the issuance of the Units will be used by the Company to fund drilling and exploration programs in Finland (approximately 130,000 euros\/C$197,000), to fund ongoing operations in Portugal and Kosovo, and for general corporate purposes.\u00a0 None of the proceeds will be utilized for investor relations activities and no-payments will be made to non-arms-length parties of the Company.<\/p>

Avrupa Minerals Ltd.<\/strong>\u00a0is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.\u00a0 The Company holds one 49%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire Portugal in an earn-in joint venture agreement.\u00a0 The Company holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo and is actively advancing four prospects in central Finland through its partnership with Akkerman Finland Oy.\u00a0 Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.\u00a0 The Company continues to seek and develop other opportunities around Europe.<\/p>

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at\u00a0www.avrupaminerals.com<\/a>.<\/p>

On behalf of the Board,<\/p>

\u201cPaul W. Kuhn\u201d<\/em><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

The Company raised $350,000 from the sale of 10,000,000 Units at $0.035 per Unit.\u00a0 Each Unit is comprised of one common share and one common share purchase warrant.\u00a0 Each common share purchase warrant entitles the holder to purchase one common share for $0.10 per common share until September 5, 2027.\u00a0 The common share purchase warrants […]<\/p>","protected":false},"author":1,"featured_media":4188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[],"aioseo_notices":[],"featured_image_src":"https:\/\/kosovochamberofmines.com\/wp-content\/uploads\/2024\/11\/template-copper-1.jpeg","featured_image_src_square":"https:\/\/kosovochamberofmines.com\/wp-content\/uploads\/2024\/11\/template-copper-1.jpeg","author_info":{"display_name":"admin","author_link":"https:\/\/kosovochamberofmines.com\/al\/author\/admin\/"},"category_info":"NewsChamber<\/a>","tags_info":"","social_share_info":"<\/i><\/a><\/i><\/a>","wordExcerpt_info":"

The Company raised $350,000 from the sale of 10,000,000 Units at $0.035 per Unit.\u00a0 Each Unit is comprised of one common share and one common share purchase warrant.\u00a0 Each common share purchase warrant entitles the holder to purchase one common share for $0.10 per common share until September 5, 2027.\u00a0 The common share purchase warrants are non-transferable.\u00a0 All securities are subject to a four-month hold expiring on January 6, 2025.\u00a0 The Company did not pay any finders\u2019 fees.<\/p>\n

A director of the Company purchased or acquired direction and control over a total of 371,429 Units under the private placement. The placement to this person constitutes a \u201crelated party transaction\u201d within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 \u2013Protection of Minority Security Holders in Special Transactions\u00a0<\/em>(\u201cMI 61-101\u201d) adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company\u2019s market capitalization (as determined under MI 61-101).<\/p>\n

The proceeds from the issuance of the Units will be used by the Company to fund drilling and exploration programs in Finland (approximately 130,000 euros\/C$197,000), to fund ongoing operations in Portugal and Kosovo, and for general corporate purposes.\u00a0 None of the proceeds will be utilized for investor relations activities and no-payments will be made to non-arms-length parties of the Company.<\/p>\n

Avrupa Minerals Ltd.<\/strong>\u00a0is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.\u00a0 The Company holds one 49%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire Portugal in an earn-in joint venture agreement.\u00a0 The Company holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo and is actively advancing four prospects in central Finland through its partnership with Akkerman Finland Oy.\u00a0 Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.\u00a0 The Company continues to seek and develop other opportunities around Europe.<\/p>\n

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at\u00a0www.avrupaminerals.com<\/a>.<\/p>\n

On behalf of the Board,<\/p>\n

\u201cPaul W. Kuhn\u201d<\/em><\/strong><\/p>\n","comment_info":"No Comments","_links":{"self":[{"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/posts\/4181"}],"collection":[{"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/comments?post=4181"}],"version-history":[{"count":4,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/posts\/4181\/revisions"}],"predecessor-version":[{"id":4186,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/posts\/4181\/revisions\/4186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/media\/4188"}],"wp:attachment":[{"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/media?parent=4181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/categories?post=4181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kosovochamberofmines.com\/al\/wp-json\/wp\/v2\/tags?post=4181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}