Avino Silver and Gold Mines Ltd. (“Avino” or “theCompany”) today announced that it has filed a prospectus supplementunder which it may sell up to US $6,000,000 of its common shares from time totime 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 on the NYSE MKT at market prices oras otherwise agreed with the agents. The Company intends to use the netproceeds of this offering for the continued exploration of the Bralorne mine,advancing exploration and extracting and processing activities at the Avinoproperty, and for working capital.
The common shares to be sold in the at-the-market offering, if any, will bemade pursuant to a prospectus supplement dated May 26, 2015 to the Company’sprospectus dated April 16, 2014, filed as part of the Company’s effectiveregistration statement. This press release shall not constitute an offer tosell or a solicitation of an offer to buy any securities, nor shall there beany sale of these securities in any state or jurisdiction in which such anoffer, solicitation or sale would be unlawful prior to registration orqualification under the securities laws of any such state or otherjurisdiction. The at-the-market offering may be made only by means of a prospectussupplement 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 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.
About Avino
Avino’s mission is to create shareholder value through profitable organicgrowth at the historic Avino property near Durango, Mexico, and the strategicacquisition and operation of mineral exploration and mining properties. We arecommitted to managing all business activities in an environmentally responsibleand cost-effective manner, while contributing to the well-being of thecommunities in which we operate.
ON BEHALF OF THE BOARD
“David Wolfin”
________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.
Safe Harbor Statement - This news release contains “forward-lookinginformation” and “forward-looking statements” (together, the “forward lookingstatements”) within the meaning of applicable securities laws and the UnitedStates Private Securities Litigation Reform Act of 1995, including our intentto acquire and develop the Bralorne mine, belief as to the extent and timing ofvarious studies including the PEA, and exploration results, the potentialtonnage, grades and content of deposits, timing and establishment and extent ofresources estimates. These forward-looking statements are made as of the dateof this news release and the dates of technical reports, as applicable. Readersare cautioned not to place undue reliance on forward-looking statements, asthere can be no assurance that the future circumstances, outcomes or resultsanticipated in or implied by such forward-looking statements will occur or thatplans, intentions or expectations upon which the forward-looking statements arebased will occur. While we have based these forward-looking statements on ourexpectations about future events as at the date that such statements wereprepared, the statements are not a guarantee that such future events will occurand are subject to risks, uncertainties, assumptions and other factors whichcould cause events or outcomes to differ materially from those expressed orimplied by such forward-looking statements.
Such factors and assumptions include, among others, the effects of generaleconomic conditions, the price of gold, silver and copper, changing foreignexchange rates and actions by government authorities, uncertainties associatedwith legal proceedings and negotiations and misjudgments in the course ofpreparing forward-looking information. In addition, there are known and unknownrisk factors which could cause our actual results, performance or achievementsto differ materially from any future results, performance or achievementsexpressed or implied by the forward-looking statements. Known risk factorsinclude risks associated with project development; the need for additionalfinancing; operational risks associated with mining and mineral processing;fluctuations in metal prices; title matters; uncertainties and risks related tocarrying on business in foreign countries; environmental liability claims andinsurance; reliance on key personnel; the potential for conflicts of interestamong certain of our officers, directors or promoters of with certain otherprojects; the absence of dividends; currency fluctuations; competition;dilution; the volatility of the our common share price and volume; taxconsequences to U.S. investors; and other risks and uncertainties as disclosedin our filings with the US Securities and Exchange Commission. Although we haveattempted to identify important factors that could cause actual actions, eventsor results to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events or resultsnot to be as anticipated, estimated or intended. There can be no assurance thatforward-looking statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. We are under no obligation to update or alter anyforward-looking statements except as required under applicable securities laws.
Cautionary Note to United States Investors - The information contained hereinand incorporated by reference herein has been prepared in accordance with therequirements of Canadian securities laws, which differ from the requirements ofUnited States securities laws. In particular, the term “resource” does notequate to the term “reserve”. The Securities Exchange Commission’s (the “SEC”)disclosure standards normally do not permit the inclusion of informationconcerning “measured mineral resources”, “indicated mineral resources” or“inferred mineral resources” or other descriptions of the amount ofmineralization in mineral deposits that do not constitute “reserves” by SECstandards, unless such information is required to be disclosed by the law ofthe Company’s jurisdiction of incorporation or of a jurisdiction in which itssecurities are traded. U.S. investors should also understand that “inferredmineral resources” have a great amount of uncertainty as to their existence andgreat uncertainty as to their economic and legal feasibility. Disclosure of“contained ounces” is permitted disclosure under Canadian regulations; however,the SEC normally only permits issuers to report mineralization that does notconstitute “reserves” by SEC standards as in place tonnage and grade withoutreference to unit measures.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.