Avino Silver and Gold Mines Ltd. (“Avino” or “the Company”) today announced that it has filed a prospectus supplement under which it may sell up to US $5,750,000 of its common shares from time to time through Cantor Fitzgerald & Co., as sale agent.
Sales of common shares under the at-the-market offering, if any, would be made by means of ordinary brokers’ transactions, including on the NYSE MKT, at market prices or as otherwise agreed with the agents. The Company intends to use the proceeds from any sales of the common shares for advancing the development of the Avino mine including its operations and production and for working capital.
The common shares to be sold in the at-the-market offering, if any, will be made pursuant to a prospectus supplement to the Company’s prospectus, dated December 6, 2013, filed as part of the Company’s effective registration statement. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The at-the-market offering may be made only by means of a prospectus supplement and the related prospectus.
Cantor Fitzgerald & Co. is the sales agent for the at-the-market offering. Copies of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 East 59th Street, New York, New York, 10022, telephone: 212-829-7122.
“We are very excited to have Cantor Fitzgerald working to help Avino reach its goal of becoming a mid-tier silver producer.”
- David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Avino’s mission is to create shareholder value through profitable organic growth at the Avino property. We are committed to managing all business activities in an environmentally responsible and cost-effective manner while contributing to the well-being of the community in which we operate.
Management remains focused on the following key objectives:
1. Maintain profitable mining operations at San Gonzalo while decreasing operating costs and improving efficiency;
2. Develop the Avino mine for mineral production, expand mill output from 500 to 1,500 tpd;
3. Continue to review and develop plans to process the oxide tailings resource from previous milling operations (PEA issued in 2012);
4. Continue to explore regional targets on the property followed by other properties in our portfolio.