Offering sells 10 million common shares with three-year warrants
By Devika Patel
Knoxville, Tenn., June 7 – Avrupa Minerals Ltd. said it has arranged a C$1 million private placement of units.
The company will sell 10 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. The strike price reflects a 25% premium to the June 6 closing share price of C$0.12.
Proceeds will be used for administration costs and early-stage 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 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.15
|
| Pricing date: | June 6
|
| Stock symbol: | TSX Venture: AVU
|
| Stock price: | C$0.12 at close June 6
|
| Market capitalization: | C$6.66 million
|
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