Day: April 27, 2018

The quarter we just concluded was a very positive one for AHMSA, as it took place in a very favorable environment with the announcement of some very encouraging news for the North American steel industry. The resolution of the U.S. government regarding the application of tariffs on steel and aluminum products (Section 232) coming into the U.S. benefits us, as Mexico was included in the list of countries exempt from this restriction,” Alonso Ancira Elizondo, Executive Chairman of the Board.

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE) is pleased to announce that it has closed its previously announced private placement of flow-through common shares. A total of 3,000,000 FT Shares, which included the full exercise of the agent’s option for 500,000 FT Shares, were sold at an offering price of $2.00 per FT Share for gross proceeds to the Company of $6,000,000. The Offering was completed pursuant to an agency agreement dated April 27, 2018 between the Company and Cantor Fitzgerald Canada Corporation. The Company paid a 7.0% commission to CFCC who acted as sole agent on the Offering. All FT Shares are subject to a four month hold period in Canada. The Flow-Through Shares were not and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements.

Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased with the Company’s exceptional first full year of operation. Throughout 2017, we continued to build and strengthen our portfolio by acquiring four paying NSR royalties, which will meaningfully enhance our cash generating platform. Additionally, we expect further growth in attributable gold equivalent ounces and revenues in 2018, as a number of our royalties are on underlying mines that are currently expanding production.”