Avrupa starts Portugal drilling as it closes first tranche of placement
Canada-listed, Europe-focused junior Avrupa Minerals has closed the first tranche of its private placement of $500 000, comprising 10-million units, allowing the company to start a drilling programme at its project in Portugal.
The 2 500-m to 3 000-m drilling programme at the Alvalade copper/zinc volcanogenic massive sulphide project aims to expand the currently known mineralised areas and to outline higher grade copper/zinc mineralisation within the massive sulphide lenses.
Avrupa on October 22 announced that it would raise $1.5-million for drilling at the Alvalade project by issuing 30-million units at $0.05 a unit. Each unit will comprise one common share and one common share purchase warrant that will allow the holder to buy an additional share from the closing date for a 36-month period at a price of $0.10 each.
An insider participated in the first tranche for $56 000.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation