Avino Silver & Gold Mines files to sell 14M common shares for holders

Avino Silver & Gold Mines (ASM) announces that Coeur Mining (CDE) will offer for sale up to 14M common shares of Avino currently held by Coeur to eligible investors outside of Canada at the prevailing market price at the time of sale, for gross proceeds to Coeur of approximately $7M. Avino will not receive any proceeds from the Secondary Offering. Coeur owns as of today 14M Common Shares, representing approximately 11.24% of the issued and outstanding Common Shares of Avino. Upon completion of the Secondary Offering, Coeur’s ownership of Avino’s issued and outstanding Common Shares will be reduced from 11.24% to nil. The Secondary Offering will be conducted by Coeur through registered agents on a “best efforts” basis only in the United States of America and in any other jurisdiction where the Common Shares may be lawfully offered for sale and sold.