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Avrupa Minerals Announces Shares for Debt Agreement
December 2, 2010
Avrupa Minerals Ltd. (AVU:TSXV) announces that it has reached an agreement with a non-controlling shareholder of the Company’s subsidiary Innomatik Exploration Kosovo LLC to settle the working capital loan and the interests thereto owing to him in the amount of €88,385 in exchange for 275,000 common shares in the Company.
The completion of the shares for debt settlement is subject to acceptance by the TSX Venture Exchange.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal and Kosovo.
The company has an exciting portfolio of exploration projects consisting of:
Copper and Zinc in Portugal at Marateca, Alvalade, Canal Caveira, and Ferreira do Alentejo in the Iberian Pyrite Belt, where Europe’s richest active copper mine is located;
- Tungsten in Portugal at the Covas prospect;
Silver, Lead and Zinc in Kosovo at the Glavej and Kamenica properties in the Trepça Mineral Belt of the Vardar Zone, historically, Europe’s most productive district for lead and zinc.
For additional information, contact Avrupa Minerals Ltd. at 604-687-3520 or visit our website at www.avrupaminerals.com.
On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.