on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)
Avino Silver & Gold Mines Ltd. Renews ATM Equity Program
Avino Silver & Gold Mines Ltd. has announced a renewal of its ATM Equity Program. The company filed a prospectus supplement for its base shelf prospectus, allowing the issuance of shares to raise up to $60 million in the U.S. market. The strategic aim is to provide financial flexibility, according to CEO David Wolfin.
The offering involves sales on the NYSE American at prevailing market prices. The agents managing this process include Cantor Fitzgerald & Co., among others. The offering will continue until the maximum sales amount is reached or until other specified conditions are met. A commission of up to 3% of gross proceeds is to be paid to the agents.
The initiative marks a significant step in Avino's strategic financial planning, offering the company a dynamic tool to respond to market opportunities as they arise.
R. E.
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