VANCOUVER, British Columbia, July 12, 2017 (GLOBE NEWSWIRE) -- Avrupa Minerals Ltd. (TSXV:AVU) has closed the recently announced private placement to raise $1,017,000 and issue 10,170,000 units at a price of $0.10. Each unit consists of one common share and one warrant. Each warrant is exercisable into a common share at $0.15 for 3 years expiring on July 12, 2020. No finder’s fee was paid in this private placement. All securities have a 4-month hold period expiring November 12, 2017.
Having recovered 100% ownership of the Alvalade copper/lead/zinc VMS project in the Iberian Pyrite Belt (IPB) of southern Portugal, Avrupa is assembling a data set for potential partners to review. Interest in the project has been strong. The geological team in Portugal has developed a geo-structural exploration model for the IPB that has lead to successful drilling on the Alvalade project. The exploration model is valid for Avrupa’s other projects at Mertola and Marateca, and efforts to joint venture these projects are underway.
Avrupa now has a total of 86,918,797 common shares outstanding.
Avrupa Minerals Ltd. is a growth-oriented exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.
