Lewis Brisbois Advises Mining Company on Underwritten Public Offering
San Francisco, CA (October 18, 2018) - A California team has advised Avino Silver & Gold Mines Ltd. (Avino) on the closing of its underwritten public offering in the aggregate amount of $4.6 million, which included a partial exercise of the underwriters’ overallotment option, on September 25. After deducting the underwriting discounts and commissions and other estimated offering expenses, the net proceeds of the public offering were approximately US$4.1 million.
H.C. Wainwright & Co. acted as the sole book-running manager for the offering. Roth Capital Partners acted as co-manager for the offering.
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing close to 600 people. The company intends to use the net proceeds from the offering primarily for advancing the development of the Avino mine and its operations and production, and to a lesser extent for the exploration and development of the Bralorne Mine Property, and for general working capital.
The team was led by San Francisco Partner Daniel B. Eng and Sacramento Partners John P. Yung and Deborah K. Seo.
For more information on this deal, read the full press release here.