Avrupa Minerals Financing
Avrupa Minerals Ltd., Corporation just filed form D for $190,750 equity financing. This is a new filing. Avrupa Minerals was able to sell $76,300 so far. That is 40.00% of the round of financing. The total offering amount was $190,750. The form was filed on 2016-07-11. The reason for the financing was: (c) represents maximum potential exercise price of warrants issued to U.S. purchasers; Cdn$1.2844 = $1.00.. The fundraising still has about $114,450 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Avrupa Minerals is based in British Columbia – Canada. The filler’s business is not disclosed. The form was submitted by Winnie Wong Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: Suite 410, 325 Howe Street, Vancouver, A1, British Columbia, Canada, V6c 1Z7. Paul Kuhn is the related person in the form and it has address: Suite 410, 325 Howe Street, Vancouver, A1, British Columbia, Canada, V6c 1Z7. Link to Avrupa Minerals Filing: 000114036116072306.
Analysis of Avrupa Minerals Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Avrupa Minerals sold 40.00% of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 97.50% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Avrupa Minerals Also
The Form D signed by Winnie Wong might help Avrupa Minerals Ltd.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.