Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) announced that the previously reported financing has been closed.
As quoted in the press release:
Certain strategic investors also participated in the financing, including one investor that is part of the Sprott group of companies who becomes a reporting insider of the Company. 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 7.99 million units (a “Unit”) at $0.15 per Unit, for gross proceeds of $1,198,500 million. 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 October 4, 2015, at a price of $0.25 per common share.