By Sheri Kasprzak
New York, March 21 - Avino Silver & Gold Mines Ltd. said it has concluded a C$10 million private placement.
The company issued 5 million units in the non-brokered deal with each unit comprised of one share and one half-share warrant.
The whole warrants are exercisable at C$2.50 each through March 20, 2008.
Based in Vancouver, B.C., Avino is a silver and gold exploration and acquisition company.
| Issuer: | Avino Silver & Gold Mines Ltd.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$10 million
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| Units: | 5 million
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| Price: | C$2.00
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | March 20, 2008
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| Warrant strike price: | C$2.50
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| Placement agent: | Non-brokered
|
| Settlement date: | March 21
|
| Stock symbol: | TSX Venture: ASM
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| Stock price: | C$2.89 at close March 21
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