Sign up USA
Proactive Investors - Run By Investors For Investors

Avrupa Minerals brings in $1.01mln from placing

Avrupa currently holds nine exploration licences in three European countries
Avrupa Minerals brings in $1.01mln from placing
Avrupa is a Europe-focused prospect generator resource firm

Avrupa Minerals Ltd (CVE:AVU) has closed its recently announced private placing and brought in $1.017mln at 10 cents a throw.

Each unit consists of one share and one share warrant, with each warrant exercisable into a share at 15 cents for three years until July 12.

Having recovered  a 100% ownership of the Alvalade copper/lead/zinc VMS (volcanic massive sulphide) project in southern Portugal, Avrupa is now assembling a data set for potential partners.

Interest in the project has been strong, the group said.

The exploration model it used is valid for Avrupa's other projects at Mertola and Marateca, and efforts to joint venture these projects are under way, Avrupa added.

Avrupa currently holds nine exploration licences in three European countries, including six in Portugal covering 3,271 sq km - two in Kosovo covering 47 sq km and one in Germany covering 307 sq km.

Avrupa now has three active option and joint venture agreements, two in Portugal and one in Kosovo.

Giles_55af4ddca6481.jpg
Why Invest In Avrupa Minerals? Read More Here

Register here to be notified of future AVU Company articles
View full AVU profile View Profile

Avrupa Minerals Timeline

Related Articles

Gold-plus-dollars.jpg
February 21 2017
Pershing Gold is planning to produce an initial 88,500 ounces per year from the Relief Canyon mine in Nevada
shutterstock_176799659.jpg
April 11 2017
"In one transaction, Golden Arrow has leapfrogged into producer status overnight...," said Grosso.
Wayne-Rossiter-photo.JPG
19:07
We are joined exclusively by Wayne Rossiter, CEO, in Proactive Q&A Sessions™.
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use