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Avino Silver & Gold undertakes US$25M offering

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Avino Silver & Gold undertakes US$25M offering

Avino Silver & Gold Mines Ltd. will be selling up to US$25 million worth of common shares via an at-the-market offering, with Cantor Fitzgerald & Co. acting as its agent.

Under an agreement with Cantor, Avino will be allowed to sell its shares from time to time in the U.S., with the shares to be distributed at the market prices prevailing at the time of sale.

The company will pay the agent a cash commission equal to 3.0% of the gross proceeds of the offering, according to an Aug. 4 release.

Avino produces from its Avino and San Gonzalo mines in Durango, Mexico.