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United States : Avino Announces At-The-Market Offering of $25 Million

July 8, 2014



Avino Silver and Gold Mines Ltd. ("Avino" or "the Company") today announced that it has filed a prospectus supplement under which it may sell up to US $25,000,000 of its common shares from time to time through Cantor Fitzgerald & Co., as sale agent.

Sales of common shares under the at-the-market offering, if any, would be made by means of ordinary brokers' transactions on the NYSE MKT at market prices or as otherwise agreed with the agents. The Company intends to use the proceeds from any sales of the common shares to acquire and develop the Bralorne mine, advancing the exploration and development of the Avino property including its operations and production, and for working capital.

The common shares to be sold in the at-the-market offering, if any, will be made pursuant to a prospectus supplement to the Company's prospectus, dated July 7, 2014, filed as part of the Company's effective registration statement. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The at-the-market offering may be made only by means of a prospectus supplement and the related prospectus.


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Source: TendersInfo (India)


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