Avino Announces Closing of Bought Deal Offering

http://www.kitco.com/pr/1738/article_11282016130216.pdf

Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE–MKT: ASM; “Avino” or the “Company”) further to the Company’s press release dated November 21, 2016, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, Euro Pacific Capital, Inc., Roth Capital Partners, LLC, Echelon Wealth Partners Inc. and Haywood Securities Inc., as co-managers (collectively, the “Underwriters”), for the issuance of 7,124,430 units of the Company (the “Units”) at the price of US$1.57 per Unit (the “Issue Price”) for aggregate gross proceeds of US$11,185,355.10 (the “Offering”) in Canada and the United States of America. Each Unit consisted of one (1) common share of the Company (the “Common Shares”) and one-half (1/2) of one common share purchase warrant (the “Warrants”). Each whole Warrant is exercisable to purchase one (1) additional Common Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

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