Avrupa Closes Financing and Options Portuguese Pro
Post# of 617763
SAN FRANCISCO, CA --(Marketwired - May 01, 2017) - Avrupa Minerals Ltd. (
Company included in article: Avrupa Minerals Ltd.
Avrupa Minerals announced on April 20 that it had closed a financing via a private placement, raising $225,000 through issuing 2.5 million common shares at $0.09 per share. In an April 11 announcement, the company noted that the proceeds of the offering "will be used for exploration and operations in Kosovo, Portugal, Vancouver and for general and administration costs."
Paul Kuhn, Avrupa's president & CEO, commented on April 11 that "with our new partner in Portugal funding the Alvito IOCG exploration, and our partner in Kosovo funding a large drill program at the Slivovo gold project, our costs in those locations are low. These new funds will cover costs to advance our other key projects."
In March, the Portuguese Mining Bureau approved a 30-month extension to the Alvito exploration license, covering around 300 square kilometers of prospective ground along the "Alcaçovas copper-gold trend identified by Avrupa geologists in 2011-12." The company stated that "subsequent field work was successful in identifying potential for significant copper-gold-silver mineralization in known and several new occurrences."
Continue reading this interview: Avrupa Closes Financing and Options Portuguese Property
About Streetwise Reports / The Gold Report
Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
The following companies mentioned in this article are sponsors of Streetwise Reports: Avrupa Minerals. Streetwise Reports does not accept stock in exchange for its services.
The full disclosure is provided at the end of the published article: Avrupa Closes Financing and Options Portuguese Property
For more information, please contact: Melissa Farley Associate Publisher Email contact
(0)
(0)