Non-brokered, fully subscribed deal offers shares, three-year warrants
By Devika Patel
Knoxville, Tenn., Oct. 3 - Avrupa Minerals Ltd. said it increased a non-brokered private placement of units to C$1.2 million from C$975,000. The fully subscribed deal priced Sept. 18.
The company will now sell 7.99 million units of one common share and one warrant at C$0.15 per unit. The warrants are each exercisable at C$0.25 for three years. The strike price reflects a 56.25% premium to the Sept. 17 closing share price of C$0.16.
Proceeds will be used for exploration.
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$1,198,500
|
| Units: | 7.99 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 18
|
| Upsized: | Oct. 3
|
| Stock symbol: | TSX Venture: AVU
|
| Stock price: | C$0.16 at close Sept. 17
|
| Market capitalization: | C$3.61 million
|
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