Avino closes U.S. brokered public offering

http://www.prnewswire.com/news-releases/avino-closes-us-brokered-public-offering-572032281.html

VANCOUVER, March 14, 2016 /PRNewswire/ – Avino Silver & Gold Mines Ltd. (ASM: NYSE – MKT, ASM: TSX.V; “Avino” or “the Company”) is pleased to report the completion of the previously announced brokered public offering (the “Offering”) through Noble International Investments, Inc., doing business as Noble Financial Capital Markets of Boca Raton, Florida (the “Agent”) as sole placement agent to an institutional investor.  Total gross proceeds of US$800,000 were raised through the sale of 800,000 Common Shares at a price of US$1.00 (approximately Canadian $1.325) per Common Share.

The agent received a commission of 7% of the gross proceeds of the Offering and a purchase warrant to purchase 40,000 Common Shares of Avino at an exercise price of US$1.00 per share for a period of three (3) years until March 14, 2019.

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