NYSE AMERICAN: ASM
TSX-V: ASM
Berlin & FSE: GV6
VANCOUVER, Sept. 20, 2017 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX-V,
ASM: NYSE-AMERICAN; "Avino" or "the Company") wishes to
announce that upon the recommendations of its Compensation
Committee, it has granted an aggregate of 1,435,000 incentive stock
options (the "Stock Options") under its Stock Option Plan, and
80,500 Restricted Share Units ("RSUs") under the Restricted Share
Unit Plan to its directors, officers, employees and
consultants. Both the Stock Option Plan and Restricted Share
Unit Plan have been previously approved by shareholders, and no
further approval from shareholders is required for these
grants.
The Stock Options are exercisable for up to five years at a
price of $1.98 per share. The RSUs
will vest at the rate of one-third annually from the date of grant,
until fully vested.
The Stock Options and the RSUs are not transferable and will be
subject to a four-month hold period from the date of grant and any
applicable regulatory acceptance. Out of the total number of RSU's
granted, 1,875 RSU's were granted to persons performing investor
relations activities for the Company.
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 approximately 500
people. 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. We are 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 TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Avino Silver & Gold
Mines Ltd.