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Avino Silver & Gold Mines Ltd
Symbol C : ASM
Shares Issued 63,337,769
Close 2018-12-28 C$ 0.81
Recent Sedar Documents

Avino Silver files prospectus for offering

2018-12-28 20:39 ET - News Release

Mr. David Wolfin reports

AVINO ANNOUNCES US ATM OFFERING OF UP TO US$8.0 MILLION

Avino Silver & Gold Mines Ltd. has filed a new short-form base-shelf prospectus dated Dec. 21, 2018, in Canada, pursuant to which Avino may distribute common shares, from time to time through Cantor Fitzgerald & Co., as agent or as principal, pursuant to an amended and restated sales agreement currently in effect with the agent for the distribution of the offered shares in the United States up to the aggregate sales amount of $8-million (U.S.), in accordance with the terms of the sales agreement. The offering is being made in the United States under the terms of a registration statement on Form F-3 (SEC file No. 333-226963) filed and effective with the United States Securities and Exchange Commission, and a prospectus supplement dated Dec. 28, 2018, filed in each province of Canada, except Quebec, to the base-shelf prospectus.

Sales of offered shares under the prospectus will be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument 44-102 -- Shelf Distributions, including sales made directly on the NYSE American. The offered shares will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary as between purchasers and during the period of distribution. The period of distribution will be until the maximum amount has been achieved, unless terminated earlier under the terms of the sales agreement.

The company has agreed to pay the agent a cash commission equal to 3.0 per cent of the gross proceeds of the offering.

The prospectus supplement relating to the offering, together with the base-shelf prospectus and the registration statement, will be filed with the securities commissions in all of the provinces of Canada, except Quebec, and the registration statement previously filed with the SEC. The offering documents will contain important detailed information about the securities being offered. Before you invest, you should read the offering documents and the other documents the company has filed for more complete information about the company and the offering. Copies of the sales agreement and the offering documents will be available for free by visiting the company's profiles on the SEDAR website maintained by the Canadian Securities Administrators or the SEC's website, as applicable.

About Avino Silver & Gold Mines Ltd.

Avino is a silver and gold producer with a diversified portfolio of gold, silver and base-metal properties in Mexico and Canada employing approximately 500 people. Avino produces from its wholly owned Avino and San Gonzalo mines near Durango, Mexico, and is currently evaluating the potential economics of possible future production at the Bralorne gold mine in British Columbia, Canada.

We seek Safe Harbor.

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