Akkerman Exploration (AEbv) is pleased to announce that it has signed a Letter of Intent (LOI) with Avrupa Minerals Ltd, a Canadian-listed exploration and development company. According to the terms of this LOI, Avrupa can acquire Akkerman Finland Oy and its four exploration projects. In exchange, Avrupa will issue three million shares to AEbv together with certain cash payments to cover exploration expenditures during the first two years. The exploration programs on the Finnish properties will be overseen by Jan Akkerman during the initial earn-in period of one year.
A definitive agreement is expected to be signed by the end of January 2022, subject to the positive outcome of a 2-month due diligence process and appropriate regulatory approvals.
Further details on the proposed transaction can be found on Avrupa’s news website. https://avrupaminerals.com/avrupa-to-acquire-four-exploration-properties-in-finland/
Jan Akkerman, managing director of AEbv comments: “This transaction adds valuable technical and financial resources to strengthen our search for new mineral discoveries in the Pyhäsalmi Mining District in Central Finland. We welcome the expertise brought by Avrupa through its projects in the Portuguese part of the Iberian Pyrite Belt together with its JV partner Minas de Aguas Tenidas S.A.”