Noble International Investments is agent; proceeds to fund operations
By Wendy Van Sickle
Columbus, Ohio, March 14 – Avino Silver & Gold Mines Ltd. closed an $800,000 registered direct offering of common shares, according to a Monday press release.
The company sold 800,000 common shares at $1.00 each.
Noble International Investments, Inc. is the agent. The stock was sold to a single institutional investor.
The agent received a 7% commission and a warrant to purchase 40,000 common shares at an exercise price of $1.00 per share through March 14, 2019.
Proceeds will be used for development of the Avino mine and its operations and production, continued development at the Bralorne mine, and for general working capital.
Based in Vancouver, B.C., Avino is a silver and gold exploration and acquisition company.
| Issuer: | Avino Silver & Gold Mines Ltd.
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| Issue: | Common shares
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| Amount: | $800,000
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| Units: | 800,000
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| Price: | $1.00
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| Agent: | Noble International Investments, Inc.
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| Pricing date: | March 14
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| Stock symbol: | NYSE: ASM
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| Stock price: | $1.06 at close March 14
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| Market capitalization: | $50.8 million
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