Avino Closes $5.1 Million Financing

Avino Silver & Gold Mines (TSXV:ASM) reports that it has closed a non-brokered private placement with aggregate gross proceeds of $5,130,000 from the sale of 2,700,000 units at a price of $1.90 per unit.

The press release is quoted as saying:

The Company is pleased to have Sprott Private Wealth LP (“Sprott”) facilitate the participation of its clients in the private placement and also to have Sprott Asset Management LP, on behalf of certain funds and managed accounts invest in the Company through the acquisition of Units. The Sprott Group has been instrumental in the development of countless successful mining ventures and Sprott Asset Management is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. Sprott manages several billion dollars through multiple funds and has been the winner of numerous prestigious distinctions that are awarded to funds providing superior returns.

Click here to access the entire press release.