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Avino Announces Bought Deal Offering of Cdn$6.0 Million
Avino Announces Bought Deal Offering of Cdn$6.0 Million Canada NewsWire VANCOUVE...
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nAvino Announces Bought Deal Offering of Cdn$6.0 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 24, 2019\n\n\n\n/NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n VANCOUVER, July 24, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6:FSE) (\"Avino\" or the \"Company\") announces it has entered into an engagement letter dated July 24, 2019 with Cantor Fitzgerald Canada Corporation, as sole bookrunner and sole underwriter (the \"Underwriter\"), to purchase, on a bought deal basis, 4,706,000 common shares of the Company (the \"Common Shares\") at the price of CDN$0.85 per Common Share (the \"CS Issue Price\") for aggregate gross proceeds of approximately $4.0 million, and an additional 2,020,400 flow-through common shares (the \"FT Shares\") at the price of CDN$0.99 per FT Share (the \"FT Issue Price\") for additional gross proceeds of approximately $2.0 million (the \"Offering\").  The Common Shares and FT Shares are collectively referred to as (the \"Offered Securities\").  The Offering will only be made in Canada, and such other jurisdictions where the Offered Securities may be lawfully sold.\nIn addition, the Company has granted to the Underwriter an over-allotment option (the \"Over-Allotment Option\") exercisable, in whole or in part, in the sole discretion of the Underwriter, to purchase up to an additional 705,900 Common Shares at the CS Issue Price, and up to an additional 303,060 FT Shares at the FT Issue Price, for a period of up to 30 days after the closing of the Offering (the \"Closing Date\") for additional aggregate proceeds to the Company of approximately $900,000.  In the event the Over-Allotment Option is exercised in full, the aggregate gross proceeds to the Company will be approximately $6.9 million.\nThe Company has agreed to pay the Underwriter a cash commission equal to 7.0% of the gross proceeds of the Offering, including proceeds received from the exercise of t...