TORONTO, Aug. 21, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM:
TSX/NYSE American; GV6: FSE; "Avino" or "the Company") Avino has
upon the recommendations of its Compensation Committee, granted an
aggregate of 526,000 incentive stock options (the "Stock Options")
under its Stock Option Plan, and 1,730,500 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 $0.79 per share and will be
vested in stages over a 12-month period with no more than 1/4 of
the options vesting in any three-month period from the date of the
grant. The RSUs will be vested at the rate of 1/3 annually for a
period of three years from the date of grant, until fully vested.
The Stock Options and the RSUs are non transferable.
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 350 people.
Avino produces from its wholly owned Avino and San Gonzalo Mines
near Durango, Mexico, and is
currently exploring and drilling 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 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 release.
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SOURCE Avino Silver & Gold
Mines Ltd.