VANCOUVER, May 25, 2018 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM:
TSX/NYSE American, GV6: FSE, "Avino" or "the Company") is
pleased to report that at the Annual General and Special Meeting of
shareholders of the Company held on May 24,
2018, all resolutions proposed to shareholders were duly
passed. 24,087,684 common shares of the Company,
representing approximately 45.62% of the Company's issued and
outstanding common shares as at the record date, were voted.
The following briefly describes the matters voted upon and the
outcome of the votes at the meeting:
1. Setting the
Number of Directors at Five
According to proxies received and a vote conducted by a show of
hands, the resolution regarding the setting of the number of
Directors at five was passed as follows:
|
Votes For
|
% For
|
Votes
Against
|
% Against
|
|
|
|
|
|
|
8,031,191
|
99.00
|
81,439
|
1.00
|
2. Election of
Directors
According to proxies received and a vote conducted by a show of
hands, the following directors were elected to the board of
directors of the Company as follows:
Director
Nominee
|
Votes For
|
% For
|
Votes
Withheld
|
% Withheld
|
|
|
|
|
|
Michael
Baybak
|
7,949,309
|
97.99
|
163,321
|
2.01
|
Ross
Glanville
|
7,938,717
|
97.86
|
173,913
|
2.14
|
Gary
Robertson
|
7,965,082
|
98.18
|
147,548
|
1.82
|
David
Wolfin
|
7,973,476
|
98.28
|
139,154
|
1.72
|
Jasman Yee
|
7,962,773
|
98.15
|
149,857
|
1.85
|
3. Appointment and
Remuneration of Auditors
According to proxies received and a vote conducted by a show of
hands, the resolution regarding the appointment and remuneration of
Manning Elliott LLP as the Company's auditors was passed as
follows:
|
Votes For
|
% For
|
Votes
Withheld
|
% Withheld
|
|
|
|
|
|
|
23,410,680
|
97.20
|
673,474
|
2.80
|
4. Approval of the
2018 10% Rolling Stock Option Plan
According to proxies received and votes conducted by a show of
hands, the ordinary resolutions of shareholders regarding the
approval of the 2018 10% Rolling Stock Option Plan were passed by a
majority of shareholders as follows.
|
Votes For
|
% For
|
Votes
Against
|
% Against
|
|
|
|
|
|
|
5,144,031
|
63.41
|
2,968,599
|
36.59
|
5. Approval of the
2018 Restricted Share Unit Plan
According to proxies received and votes conducted by a show of
hands, the ordinary resolutions of shareholders regarding the
approval of the 2018 Restricted Share Unit Plan were passed by a
majority of shareholders as follows.
|
Votes For
|
% For
|
Votes
Against
|
% Against
|
|
|
|
|
|
|
5,165,997
|
63.68
|
2,946,633
|
36.32
|
The Board of Directors appreciate the support of our
shareholders.
About Avino
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, and has
created over 1,600 indirect jobs in Mexico. Avino produces from its wholly owned
Avino and San Gonzalo Mines near Durango,
Mexico, and is currently planning for future production at
the Bralorne Gold Mine in British
Columbia, Canada. The Company's gold and silver production
remains unhedged. The Company's mission and strategy is to create
shareholder value through its focus on profitable organic growth at
the historic Avino Property near Durango,
Mexico, and the strategic acquisition of mineral exploration
and mining properties. Avino is committed to managing all business
activities in an environmentally responsible and cost-effective
manner, while contributing to the well-being of the communities in
which we operate.
On Behalf of the Board
"David
Wolfin"
________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines
Ltd.
"Neither the Toronto
Stock Exchange ("TSX") nor its Regulation Services Provider (as
that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this news
release.
|
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SOURCE Avino Silver & Gold
Mines Ltd.