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 $6,000,000 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 on the NYSE MKT at market prices or as otherwise agreed with the agents. The Company intends to use the net proceeds of this offering for the continued exploration of the Bralorne mine, advancing exploration and extracting and processing activities at the Avino property, 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 dated May 26, 2015 to the Company’s prospectus dated April 16, 2014, 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.
Avino’s mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico, and the strategic acquisition and operation of mineral exploration and mining properties. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we operate.
ON BEHALF OF THE BOARD
President & CEO
Avino Silver & Gold Mines Ltd.