Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) increased its financing announced on August 28, 2013 from $500,000 to $600,000 due to it being over-subscribed. The financing is fully subscribed and will close shortly.
As quoted in the press release:
With the increase in the financing, it will now consist of 6,000,000 million Units at a price of $0.10 per Unit. Each Unit is comprised of a common share and a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.15 per common share for a 36-month period starting on the closing of this offering. Commission of 6% finder’s warrants and 6% cash will be paid to certain parties. The securities are subject to a four-month hold period from the final closing date. Insiders participated in the offering for a total of 1,570,000 Units.
Avrupa will now have 35,043,571 common shares outstanding upon completion of this financing. The financing is fully subscribed and will be closed shortly and completed upon approval by the TSX Venture Exchange.
Avrupa Minerals Ltd. President and CEO, Paul Kuhn, said:
Avrupa is pleased with the strong support shown by the previous and new investors. The financial and exploration teams at Avrupa are committed to working hard to achieve good returns for these investors through the project generation model we are following in Europe.