Avino Silver and Gold Mines Ltd.(“Avino” or “the Company”) today announcedthat 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 madeby means of ordinary brokers’ transactions, including on the NYSE MKT, atmarket prices or as otherwise agreed with the agents. The Company intends touse the proceeds from any sales of the common shares for advancing thedevelopment of the Avino mine including its operations and production and forworking capital.
The common shares to be sold in the at-the-market offering, if any, will bemade pursuant to a prospectus supplement to the Company’s prospectus, datedDecember 6, 2013, filed as part of the Company’s effective registrationstatement. This press release shall not constitute an offer to sell or asolicitation of an offer to buy any securities, nor shall there be any sale ofthese securities in any state or jurisdiction in which such an offer,solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any such state or other jurisdiction. Theat-the-market offering may be made only by means of a prospectus supplement andthe related prospectus.
Cantor Fitzgerald & Co. is the sales agent for the at-the-market offering.Copies of the prospectus supplement and accompanying prospectus relating tothese 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 itsgoal of becoming a mid-tier silver producer.”
- David Wolfin, President, CEO & Director, Avino Silver & Gold MinesLtd.
About Avino
Avino’s mission is to create shareholder value through profitable organicgrowth at the Avino property. We are committed to managing all businessactivities in an environmentally responsible and cost-effective manner whilecontributing 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 decreasingoperating costs and improving efficiency;
2. Develop the Avino mine for mineral production, expand mill output from 500to 1,500 tpd;
3. Continue to review and develop plans to process the oxide tailings resourcefrom previous milling operations (PEA issued in 2012);
4. Continue to explore regional targets on the property followed by otherproperties in our portfolio.