Avino Closes Previously Announced Acquisition Of Common Shares Of Bralorne Gold Mines Ltd.
July 9, 2014
Avino Silver and Gold Mines Ltd. is pleased to announce that further to its press release dated June 26, 2014, it has privately acquired 9,500,000 common shares of Bralorne Gold Mines Ltd. for a purchase price of CAD$0.28 per share (CAD$2.66 million in total), representing approximately 33.3% of Bralorne’s total issued and outstanding shares. Other than 179,149 common shares of Bralorne previously held by Avino, neither Avino, nor any other persons acting jointly or in concert with Avino, previously held any other securities of Bralorne. Accordingly, Avino owns upon completion of the transaction, a total of 9,679,149 common shares of Bralorne, representing approximately 34% of the total issued and outstanding shares of Bralorne.
