Avino can raise $25m through F-3 filing

Avino Silver & Gold Mines Ltd (ASM – TSX ) announced today that it has filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC) that will allow it to raise up to US$25 million through the sale of securities. These may consist of common shares, warrants, debt securities, or a combination thereof, in one or more offerings in the future.

Of the US$25 million, up to US$8 million of common shares may be sold 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 securities regulators relating to that offering.

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.

Written with material from Avino Silver and Gold Mines Ltd