|By Marketwired .||
|August 25, 2014 04:15 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/25/14 -- Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to announce that the financing first reported on August 5, 2014, and then increased on August 12, 2014, has been closed at $1,100,000.
Certain strategic investors participated in the financing. The management team and several shareholders also increased their positions. The support of the current shareholder group is a significant benefit to Avrupa in working to achieve its goals.
Avrupa issued 4.4 million units (a "Unit") at $0.25 per Unit, for gross proceeds of $1,100,000. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 36-month period, expiring August 22, 2017, at a price of $0.40 per common share.
As part of the financing, Avrupa issued Finder's warrants, entitling the holder to purchase up to 152,600 Units for a period of 36 months from issue at $0.25 per Unit. The Company also paid a cash finder's fee of $27,250. The securities issued are subject to a four-month hold period, expiring on December 21, 2014. Insiders participated in the offering for a total of 735,000 Units.
Mark T. Brown, a director, commented, "Avrupa is pleased with the continued strong support shown by the core strategic shareholder group including insiders, Callinan, and certain individual investors. With this financing completed, the Company is in a strong position to look for more strategic partners to advance its other properties, along with the three joint-venture partners' programs and the exploration alliance with Callinan."
Avrupa now has 43,373,571 common shares outstanding upon completion of this financing.
Avrupa Minerals Ltd. is a growth-oriented junior 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.
The Company currently holds 14 exploration licenses in three European countries, including eight in Portugal covering 2,951.6 km2, five in Kosovo covering 153 km2, and one in Germany covering 307 km2. Avrupa operates three joint ventures and one exploration alliance in Portugal and Kosovo, including:
-- The Alvalade JV, with Antofagasta, covering one license in the Iberian Pyrite Belt of southern Portugal, for Cu-rich massive sulfide deposits; -- The Covas JV, with Blackheath Resources, covering one license in northern Portugal, for intrusion-related W deposits; -- The Slivovo JV, with Byrnecut International, covering one license in central Kosovo, for gold and base metals related to carbonate-hosted massive sulfide deposits in the Vardar Mineral Trend; and -- The CalGen Exploration Alliance, with Callinan Royalties Corp., covering generative exploration throughout Portugal, and including specific prospect upgrade work on the Alvito IOCG license in southern Portugal.
Avrupa is currently upgrading precious and base metal targets to JV-ready status in a variety of districts on their other licenses, with the idea of attracting potential partners to project-specific and/or regional exploration programs.
For additional information, visit our website at www.avrupaminerals.com.
On behalf of the Board,
Mark T. Brown, Director
This news release was prepared by Company management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist in the State of Washington, USA, and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Avrupa Minerals Ltd.
Feb. 25, 2017 04:00 AM EST Reads: 11,764
Feb. 25, 2017 03:15 AM EST Reads: 1,729
Feb. 25, 2017 03:00 AM EST Reads: 4,069
Feb. 25, 2017 03:00 AM EST Reads: 2,043
Feb. 25, 2017 02:15 AM EST Reads: 5,364
Feb. 25, 2017 02:00 AM EST Reads: 6,612
Feb. 25, 2017 02:00 AM EST Reads: 2,425
Feb. 25, 2017 01:45 AM EST Reads: 4,533
Feb. 25, 2017 01:45 AM EST Reads: 5,862
Feb. 25, 2017 01:30 AM EST Reads: 1,297
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 25, 2017 01:00 AM EST Reads: 1,553
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Feb. 25, 2017 12:45 AM EST Reads: 1,145
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Feb. 24, 2017 11:30 PM EST Reads: 6,428
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 24, 2017 10:30 PM EST Reads: 1,823
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 24, 2017 09:30 PM EST Reads: 8,413