NYSE - MKT: ASM
TSX-V: ASM
FSE:
GV6
VANCOUVER, May 20,
2016 /CNW/ - Avino
Silver and Gold Mines Ltd. (ASM: NYSE – MKT, ASM: TSX.V;
"Avino" or "the Company") is pleased to announce that through
May 18, 2016, it has sold 3,000,149
common shares in the aggregate through its previously announced
At-the-Market offering for gross proceeds of USD$3,985,891.
The funds have been and will be used to advance
the development of the Company's Avino mine property and its mining
operations in Mexico, to develop
the Bralorne mine, and for general working capital.
The common shares sold in the at-the-market
offering were made pursuant to prospectus supplements dated
July 7, 2014, and May 26, 2015, to the Company's base prospectus
filed as part of the Company's effective registration
statement. The common shares sold in the at-the-market
offering may be made only by means of a prospectus supplement and
the related base prospectus.
About Avino
Avino's mission is to create shareholder value
through profitable organic growth at the historic Avino property
near Durango, Mexico, and the
Bralorne property in southwestern British
Columbia, Canada. We are committed to managing all business
activities in an environmentally responsible and cost-effective
manner while contributing to the well-being of the communities in
which we operate.
On Behalf of the Board
"David
Wolfin"
________________________________
David Wolfin
President & Chief Executive Officer
Avino Silver & Gold Mines
Ltd.
Safe Harbor Statement - This news release
contains "forward-looking information" and "forward-looking
statements" (together, the "forward looking statements") within the
meaning of applicable securities laws and the United States Private
Securities Litigation Reform Act of 1995, including our belief as
to the extent and timing of various studies including the PEA, and
exploration results, the potential tonnage, grades and content of
deposits, timing and establishment and extent of resources
estimates. These forward-looking statements are made as of the date
of this news release and the dates of technical reports, as
applicable. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated in or implied
by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur. While we have based these
forward-looking statements on our expectations about future events
as at the date that such statements were prepared, the statements
are not a guarantee that such future events will occur and are
subject to risks, uncertainties, assumptions and other factors
which could cause events or outcomes to differ materially from
those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among
others, the effects of general economic conditions, the price of
gold, silver and copper, changing foreign exchange rates and
actions by government authorities, uncertainties associated with
legal proceedings and negotiations and misjudgments in the course
of preparing forward-looking information. In addition, there are
known and unknown risk factors which could cause our actual
results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Known risk factors include risks
associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in metal prices; title matters;
uncertainties and risks related to carrying on business in foreign
countries; environmental liability claims and insurance; reliance
on key personnel; the potential for conflicts of interest among
certain of our officers, directors or promoters of with certain
other projects; the absence of dividends; currency fluctuations;
competition; dilution; the volatility of the our common share price
and volume; tax consequences to U.S. investors; and other risks and
uncertainties. Although we have attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any
forward-looking statements except as required under applicable
securities laws.
Cautionary Note to United States Investors - The
information contained herein and incorporated by reference herein
has been prepared in accordance with the requirements of Canadian
securities laws, which differ from the requirements of United States securities laws. In particular,
the term "resource" does not equate to the term "reserve". The
Securities Exchange Commission's (the "SEC") disclosure standards
normally do not permit the inclusion of information concerning
"measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves" by SEC standards, unless such information is required to
be disclosed by the law of the Company's jurisdiction of
incorporation or of a jurisdiction in which its securities are
traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their
existence and great uncertainty as to their economic and legal
feasibility. Disclosure of "contained ounces" is permitted
disclosure under Canadian regulations; however, the SEC normally
only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Avino Silver & Gold
Mines Ltd.