Avrupa Minerals Closes $570,000 Private Placement

Executive Summary

• Avrupa Minerals closed a private placement raising $570,000 through the sale of 11.4 million units at $0.05 per unit.
• Each unit includes one common share and one non‑transferable warrant to purchase an additional share at $0.075 until 29 Dec 2028; securities are subject to a four‑month hold period expiring 30 Apr 2026.
• Proceeds will fund exploration of copper projects in Finland, ongoing operations in Portugal, and general working capital; the company also noted a related‑party transaction involving a director purchasing 1 million units.

Key Details

• Financing amount: $570,000 gross proceeds.
• Units sold: 11,400,000 Units at $0.05 per Unit.
• Unit composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant terms: Right to buy one common share for $0.075; exercisable until 29 Dec 2028; non‑transferable.
• Hold period: Four‑month hold on all securities, expiring 30 Apr 2026.
• Finder’s fee: Cash payment of $800 to the finder.
• Related‑party transaction: A director acquired 1,000,000 Units; transaction falls under TSX Venture Exchange Policy 5.9 and MI 61‑101 exemptions (fair market value < 25 % of market cap).
• Use of proceeds:
• Exploration funding for copper‑focused projects in Finland.
• Ongoing operations at the Alvalade VMS Project in Portugal.
• General working capital.
• Note: The Slivova gold project in Kosovo remains under option to a third party.

Notable Quotes

“The proceeds of the private placement financing will be used to fund exploration at its copper‑focused projects in Finland, ongoing operations in Portugal, and for working capital.” – Paul W. Kuhn, President & Director