Pacific Opportunity Capital Ltd.

February 07, 2014 20:01 ET

Pacific Opportunity Increases Ownership of Avrupa Minerals Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2014) - Pacific Opportunity Capital Ltd. (the "Acquiror") wishes to announce that between August 16, 2013 and February 7, 2014, the Acquiror acquired ownership and control a total of 1,625,000 common shares and 1,705,334 warrants of Avrupa Minerals Ltd. (the "Company") in the public market and in the October 2013 private placement, with prices range from $0.06 to $0.12 per share.

The 1,625,000 common shares and 1,705,334 warrants of the Company acquired by the Acquiror represent approximately 4.2% (basic) and 8.3% (partially diluted) of the issued and outstanding common shares of the Company. Following the acquisition, the Acquiror, along with Mr. Mark T. Brown, the president of the Acquiror, owns and controls 6,128,834 common shares, 1,705,334 warrants and 275,000 options of the Company, representing approximately 15.9% (basic) and 20.0% (partially diluted) of the issued and outstanding common shares of the Company.

The Acquiror acquired the common shares and warrants for investment purposes. The Acquiror has no present intention to acquire ownership of, or control over, additional securities of the Company, but may choose to acquire additional securities of the Company in the future for investment purposes.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by the Acquiror in connection with the acquisition of the Common Shares is available on the Company's SEDAR profile, and it can also be obtained directly from the Acquiror by contacting the Company at the number shown above.

Pacific Opportunity Capital Ltd.

Mark T. Brown, President

Neither the 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.

Contact Information

  • Pacific Opportunity Capital Ltd.
    (604) 687-3520