As of December 16, 2019, Avino Silver & Gold Mines Ltd. sold the Bralorne Gold Mines to Talisker Resources Ltd. for:
- A cash consideration of C$8.7 million;
- The issuance of 12,580,000 common shares of Talisker (the “Talisker Shares”) which at the closing had a trading price of C$0.235 per Talisker Share on the Canadian Securities Exchange;
- The issuance of 6,290,000 share purchase warrants exercisable at C$0.25 per share for a period of three years after the Closing Date, subject to acceleration in the event the closing price of Talisker’s common shares is greater than C$0.35 per share for 20 or more consecutive trading days at any time following April 14, 2020.
For more information visit the website of Talisker Resources Ltd.
To view the Avino Silver & Gold Mines Ltd. press release dated December 16, 2019 announcing the closing of the transaction, click here