Avino Silver and Gold Mines Ltd. (ASM: NYSE - MKT, ASM:TSX.V; “Avino” or “the Company”) is pleased to announce that as of May4, 2015, it has sold 1,195,733 common shares through an at-the-market brokeredpublic offering in the United States with Cantor Fitzgerald & Co. of NewYork raising a total of USD$1,843,532 in gross proceeds.
The funds raised from the sale of Shares will be used for advancing thedevelopment of the Company’s Avino mine property and its mining operations inMexico, to develop the Bralorne mine and for general working capital.
The common shares sold in the at-the-market offering were made pursuant to aprospectus supplement to the Company’s prospectus, dated July 7, 2014, filed aspart of the Company’s effective registration statement. The common shares soldin 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.
“We are very excited to have Cantor Fitzgerald working to help Avino reachits goal of becoming a mid-tier producer.”
- David Wolfin, President, CEO & Director, Avino Silver& Gold Mines Ltd.
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 & Chief Executive Officer
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 beliefas to the extent and timing of various studies including the PEA, andexploration results, the potential tonnage, grades and content of deposits,timing and establishment and extent of resources estimates. Theseforward-looking statements are made as of the date of this news release and thedates of technical reports, as applicable. Readers are cautioned not to placeundue reliance on forward-looking statements, as there can be no assurance thatthe future circumstances, outcomes or results anticipated in or implied by suchforward-looking statements will occur or that plans, intentions or expectationsupon which the forward-looking statements are based will occur. While we havebased these forward-looking statements on our expectations about future eventsas at the date that such statements were prepared, the statements are not aguarantee that such future events will occur and are subject to risks,uncertainties, assumptions and other factors which could cause events oroutcomes to differ materially from those expressed or implied by suchforward-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 achievements expressedor implied by the forward-looking statements. Known risk factors include risksassociated with project development; the need for additional financing;operational risks associated with mining and mineral processing; fluctuationsin metal prices; title matters; uncertainties and risks related to carrying onbusiness in foreign countries; environmental liability claims and insurance;reliance on key personnel; the potential for conflicts of interest amongcertain of our officers, directors or promoters of with certain other projects;the absence of dividends; currency fluctuations; competition; dilution; thevolatility of the our common share price and volume; tax consequences to U.S.investors; and other risks and uncertainties. Although we have attempted toidentify important factors that could cause actual actions, events or resultsto differ materially from those described in forward-looking statements, theremay be other factors that cause actions, events or results not to be asanticipated, 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 on forward-lookingstatements. We are under no obligation to update or alter any forward-lookingstatements 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 of mineralizationin mineral deposits that do not constitute “reserves” by SEC standards, unlesssuch information is required to be disclosed by the law of the Company’sjurisdiction of incorporation or of a jurisdiction in which its securities aretraded. U.S. investors should also understand that “inferred mineral resources”have a great amount of uncertainty as to their existence and great uncertaintyas to their economic and legal feasibility. Disclosure of “contained ounces” ispermitted disclosure under Canadian regulations; however, the SEC normally onlypermits issuers to report mineralization that does not constitute “reserves” bySEC standards as in place tonnage and grade without reference 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.