阿维诺 Silver &金矿有限公司收购港式五张金矿有限公司

卑诗省温哥华– 2014年6月30日 – 阿维诺 Silver & Gold Mines Ltd. (“Avino”)(纽约证券交易所代码:ASM,TSX-V:ASM)和港式五张金矿有限公司(“港式五张”)(TSX-V:BPM)非常高兴地宣布,他们已经签署了合作意向书(“LOI”) pursuant to which it is contemplated that 阿维诺 will acquire all of the outstanding common shares of 港式五张 which 阿维诺 does not already own by way of a plan of arrangement (the “Transaction”). Upon completion of the 交易 , it is anticipated that approximately 2,636,857 common shares of 阿维诺 will be issued to former 港式五张 shareholders to acquire 港式五张 which holds an undivided 100% legal and beneficial interest in the operating 港式五张 gold mine in British Columbia.

阿维诺总裁兼首席执行官David Wolfin说,“Avino计划将港式五张金矿作为我们在北美的第二个生产中心。我们的团队对港式五张金矿有很好的技术了解和知识基础,并且我们看到了为该矿的扩建提供资金并随着时间的推移大大提高其产量的机会。通过利用Avino’的资产负债表和获得资本的渠道,以及Avino和港式五张合并后的运营团队的实力,我相信我们可以通过充分利用这种优质资产的潜力,为Avino和港式五张股东创造价值。 阿维诺在墨西哥的旗舰Avino矿山上一直在为生产增长提供融资,以创造股东价值,这在2014年迄今为止的强劲财务业绩中得到了很好的证明,我期待与港式五张团队合作并继续取得这种成功。”

港式五张总裁兼首席执行官William Kocken说,“Since mid-2011, funding junior 资源 companies has been a very challenging task. The current market valuation of 港式五张 required 港式五张’董事会旨在评估股东最佳利益的各种融资机会。与Avino的交易使我们的项目得以推进。重要的是,它还为港式五张股东提供了诱人的溢价,通过立即提供现金注入将短期经营中的风险降至最低,并保护我们的股东免受可能会造成高度稀释且在董事会中存在的融资(如果有的话)’的观点对港式五张股东不利。 阿维诺是一家公认的盈利性贵金属生产商,拥有一支管理团队,该团队在为北美生产矿山的扩建方面积累了丰富的经验,我们期待与他们合作。”

Summary Terms of the 意向书

Under the terms of the 意向书, the 交易 will be effected by a plan of arrangement under the 商业公司法 (British Columbia) whereby 阿维诺 will acquire from the shareholders of 港式五张, 100% of the outstanding common shares of 港式五张 which 阿维诺 does not already own in exchange for common shares of 阿维诺, and 港式五张 will as a result become a wholly-owned subsidiary of 阿维诺. Previously 阿维诺 agreed to purchase 9,500,000 common shares of 港式五张 from a third party and following the closing of this purchase, 阿维诺 will own 9,679,149 common shares of 港式五张 representing approximately 34% of 港式五张’s outstanding common shares. The proposed 交易 structure remains to be finalized by the parties pursuant to the 意向书.

阿维诺将向港式五张的每个股东发行0.14股Avino普通股,以换取该股东持有的港式五张的每个普通股(“Share Exchange Ratio”). The 股比 represents a 25.2% offer premium to 港式五张 shareholders based on the closing prices of 阿维诺 and 港式五张 on the TSX Venture Exchange as of June 27, 2014. No fractional shares of 阿维诺 will be issued, and fractions will be rounded down to the nearest lower whole share. Based on the 28,513,844 common shares of 港式五张 outstanding on the date hereof, 港式五张 shareholders (not including 阿维诺) would receive approximately 2,636,857 common shares of 阿维诺 under the 交易 , representing approximately 7.6% of 阿维诺’交易完成后的已发行股份(基于Avino’于本公告日期的32,241,760股流通在外普通股)。交易的一个条件是,在安排计划的有效时间之前,将行使港式五张的所有股票期权或将其终止。

The 意向书 also provides, subject to the acceptance of the TSX Venture Exchange, for 阿维诺 to advance a bridge loan to 港式五张 of up to CAD$1.25 million, consisting of an initial advance of $500,000 immediately, and the balance of $750,000 upon the execution of a definitive agreement and any related support agreements. All advances will bear interest at 12% per annum payable on maturity, and will mature on the earlier of the closing of the 交易 and September 30, 2014. The principal amount and any accrued interest will be secured by a general security interest against all of the assets of 港式五张.

The 意向书 provides for customary deal protection mechanisms, including non-solicitation and right to match, in favour of 阿维诺. Until August 8, 2014, 港式五张 and 阿维诺 will negotiate exclusively with one another and work together to finalize definitive agreements as soon as reasonably possible and 港式五张 will not issue any debt, equity or equity like securities without the prior written consent of 阿维诺.

截止条件

The closing of the 交易 will be subject to completion of several conditions, including:

  • 在2014年8月8日之前完成各方都满意的尽职调查;
  • execution of a formal definitive agreement based on the terms of the 意向书 and containing other customary terms for a transaction of this nature by August 8, 2014;
  • the 交易 and plan of arrangement will be subject to approval by the shareholders of 港式五张 at an annual and special meeting of shareholders; and
  • receipt of all necessary approvals to the 交易 , including from the TSX Venture Exchange, and the approval of the Supreme Court of British Columbia after a hearing upon the fairness of the 交易 .

No assurance can be given at this time that the proposed 交易 will be completed, that the conditions to closing will be satisfied or that the terms of the 交易 will not change materially from those described in this news release.

任命特别委员会

The board of directors of each of 阿维诺 and 港式五张 has appointed an independent special committee to review, negotiate and recommend for approval (if appropriate) the proposed 交易 to their respective boards of directors. 阿维诺 and 港式五张 have two directors in common, David Wolfin and Gary Robertson. Jasman Yee, a director of 阿维诺 has performed consulting services for 港式五张 in the past. David Wolfin is also a director and officer of Oniva International Services Corp., a private 资源 management company which provides administrative and other services and facilities to 阿维诺 and 港式五张, among other companies. The special committee of 港式五张 is comprised of Patrick Kinsella and William Glasier, and the special committee of 阿维诺 is comprised of Andrew Kaplan and Michael Baybak. The 交易 is considered to be a “关联交易” or “business combination”根据《多边文书61-101保护特殊交易中的少数股权持有人的规定》,在港式五张会议上,要求港式五张的多数少数股东批准该交易。

Cantor Fitzgerald 加拿大 Corporation is acting as financial advisor to 阿维诺 in connection with the 交易 .

港式五张

港式五张是加拿大的一家初级采矿和勘探公司,其当前项目是不列颠哥伦比亚省港式五张金矿的100%权益。 港式五张采矿营地的历史是过去从三个矿山(港式五张,Pioneer和King)开采了400万盎司的黄金,这两个矿山的日产量总计为875吨,平均品位为每吨半盎司,直到这两个矿为止1971年。从历史上看,重点是开采高等级材料,这些高等级材料是通过在矿山中连续较低的位置推动矿脉移动来描绘的。超出已知范围进行了最少的勘探工作,并且历史悠久的矿山之间的区域尚未开发。在港式五张下’在管理层的管理下,已经开发,允许并可以正常使用新的轧机设施,并且在旧矿之间的空白区域内进行了新的发现,方法是先进行地球化学调查,然后进行金刚石钻孔。 2012年11月21日,Bloralne向SEDAR提交了Beacon Hill Consultants(1988)Ltd.准备的关于港式五张矿场的初步经济评估报告,该报告截至2012年8月31日报告测得的矿产资源为170,583吨,品位为0.266盎司。金/吨,推断的矿产资源量为272,089吨,品位为0.256盎司/吨(矿产资源不是矿产储量,没有经济可行性)。

自2011年起,Blororne便开始以每天100吨的速度进行限量生产,并自那时起一直保持运营。尽管产量有限,但仍在勘探和评估阶段考虑矿山资产。在2013财年,Brloranne估计生产了3,842盎司黄金。

有关更多信息,请随时访问港式五张’s website at: www.bralorne.com.

阿维诺

Founded in 1968, 阿维诺’s mission is to create shareholder value through profitable organic growth at the historic 阿维诺 property near Durango, 墨西哥, 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.

本新闻稿中提及的Avino的证券尚未根据美国1933年修订版的《美国证券法》进行注册(“U.S. Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. Accordingly, to the extent required, it is anticipated that the 交易 will be effected in reliance upon the exemption from registration provided by section 3(a)(10) of the 美国证券法. This news release does not constitute an offer of securities, nor a solicitation for offers to buy any securities.

On Behalf of 阿维诺’s Board
“Malcolm Davidson”

________________________________
加利福尼亚州马尔科姆·戴维森
首席财务官

代表港式五张’s Board
“William Kocken”

________________________________
威廉·科肯
首席执行官
 

安全港声明-此新闻稿可能包含“前瞻性信息” and “前瞻性陈述” (together, the “前瞻性陈述”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of various studies and exploration results, the potential tonnage, grades and content of deposits, timing and establishment and extent of 资源s estimates. These 前瞻性陈述 are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on 前瞻性陈述, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such 前瞻性陈述 will occur or that plans, intentions or expectations upon which the 前瞻性陈述 are based will occur. While we have based these 前瞻性陈述 on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such 前瞻性陈述.

这些因素和假设包括:一般经济状况,金,银和铜的价格,汇率变化和政府当局采取的行动的影响,与法律程序和谈判有关的不确定性以及在准备未来过程中的错误判断。信息。此外,存在已知和未知的风险因素,这些因素可能导致我们的实际结果,业绩或成就与前瞻性陈述所表达或暗示的任何未来结果,业绩或成就发生重大差异。已知的风险因素包括与项目开发相关的风险;需要额外的资金;与采矿和矿物加工有关的操作风险;金属价格的波动;标题事项;与在国外开展业务有关的不确定性和风险;环境责任索赔和保险;依赖关键人员;我们的某些官员,董事或发起人与某些其他项目之间存在潜在的利益冲突;没有股息;货币波动;竞争;稀释;我们普通股价格和交易量的波动性;对美国投资者的税收后果;以及其他风险和不确定性。尽管我们试图确定可能导致实际行动,事件或结果与前瞻性声明中所述的因素有重大出入的重要因素,但可能还有其他因素导致行动,事件或结果与预期,估计或预期的不同。无法保证前瞻性陈述将被证明是准确的,因为实际结果和未来事件可能与此类陈述中的预期存在重大差异。因此,读者不应过分依赖前瞻性陈述。除适用的证券法另有规定外,我们没有义务更新或更改任何前瞻性陈述。

给美国投资者的警告提示-本文所包含的信息和通过引用并入本文的信息是根据加拿大证券法的要求准备的,该要求不同于美国证券法的要求。特别是,“resource”不等于这个词“reserve”。证券交易委员会’s (the “SEC”)披露标准通常不允许包含有关“measured mineral 资源s”, “indicated mineral 资源s” or “inferred mineral 资源s”或其他不构成矿藏的矿化量的描述“reserves” by 美国证券交易委员会 standards, unless such information is required to be disclosed by the law of the Company’公司注册地或证券交易地。美国投资者也应了解“inferred mineral 资源s”它们的存在有很大的不确定性,其经济和法律可行性也有很大的不确定性。披露“contained ounces” is permitted disclosure under Canadian regulations; however, the 美国证券交易委员会 normally only permits issuers to report mineralization that does not constitute “reserves” by 美国证券交易委员会 standards as in place tonnage and grade without reference to unit measures.

TSX Venture Exchange或其监管服务提供商(该术语在TSX Venture Exchange的政策中定义)均不对本新闻稿的充分性或准确性承担任何责任。

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