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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.

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