Data source: S&P Global Market Intelligence
9th March 2018
Avino Silver & Gold Mines Ltd. said April 6 that it plans to raise up to C$5 million in a best efforts private placement to fund exploration and other costs at its Bralorne gold property in British Columbia.
The company struck a deal with Cantor Fitzgerald & Co. to act as lead agent and sole book runner for the offering, in which flow-through shares will be offered at C$2 apiece.
The agent will also have the right to arrange for the subscription of an additional 500,000 flow-through shares at the same price, exercisable in whole or in part at any time up to two days before closing, in a bid to raise up to a further C$1 million.
The financing is expected to close by April 27.
