Mr. David Wolfin reports
AVINO ANNOUNCES FILING OF FORM F-3 SHELF REGISTRATION STATEMENT
Avino Silver & Gold Mines Ltd. has filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC).The shelf registration statement, when declared effective by the SEC, will allow the company to raise up to $25-million (U.S.) through the sale of securities, which may consist of common shares, warrants or debt securities, or a combination thereof, in one or more offerings in the future.Of the $25-million (U.S.), up to $8-million (U.S.) of common shares may be sold under an at the market sales agreement with Cantor Fitzgerald & Co.Specific terms and prices of any other offering will be determined at the time of such offering and included in a prospectus supplement to be filed with the SEC and the applicable Canadian securities regulators relating to that offering.
A registration statement relating to the securities listed in the shelf registration has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy such securities be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.Any offer of these securities will be made solely by means of the prospectus included in the registration statement and the prospectus supplement relating to that offering.
"We are pleased to file our updated Form F-3 shelf registration statement," said David Wolfin, president and chief executive officer. "The Form F-3 will provide Avino with a strategic option to finance continued growth by engaging Cantor Fitzgerald & Co, with an at-the-market sales (ATM) agreement.This ATM will provide supplemental financing and will be used in conjunction with our overall capital management strategy."
The company looks forward to sharing updates on exploration, growth and further expansion in the coming months.
About Avino Silver & Gold Mines Ltd.
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing close to 600 people. Avino produces from its wholly owned Avino and San Gonzalo mines near Durango, Mexico, and is currently planning for future production at the Bralorne gold mine in British Columbia, Canada. The company's gold and silver production remains unhedged. The Company's mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino property near Durango, Mexico, and the strategic acquisition of mineral exploration and mining properties.
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