Update of 阿维诺 Silver & Gold Mines Ltd. and 布拉洛恩金矿s Ltd. 安排

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卑诗省温哥华-2014年8月1日 -Avino银& Gold Mines Ltd. (“Avino”)(纽约证券交易所代码:ASM,TSX-V:ASM)和Bralorne金矿有限公司(“Bralorne”) (TSX-V:BPM): Further to their joint news release dated June 30, 2014, 阿维诺 and Bralorne have executed a binding arrangement agreement (the “Arrangement”) whereby 阿维诺 will acquire all of the outstanding common shares of Bralorne which 阿维诺 does not already own by way of a plan of arrangement under the 商业公司法 (British Columbia). Upon completion of the 安排, it is anticipated that approximately 2,636,857 common shares of 阿维诺 will be issued to former Bralorne shareholders to acquire Bralorne, which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

David Wolfin, 总统 and CEO of 阿维诺 commented “We are very pleased to have signed the definitive agreements to complete this transaction. The Bralorne gold mine will be our second production center in North America and the 阿维诺 team looks forward to working with Bralorne team to expand the mine and realize its full operational and financial potential.”

Bralorne首席执行官William Kocken补充说“我是Bralorne的重要股东,也是Bralorne的长期董事和总监,并且作为Bralorne的股东,董事和官员讲话,我相信这项交易为Bralorne股东提供了一个拥有良好业绩的可贵的贵金属生产商的难得机会。积极为运营中的矿山扩建提供资金。我非常有信心Bralorne股东不仅将从Bralorne金矿的增长和扩张中受益,还将从Avino的增长和扩展中受益’的旗舰金银矿。 阿维诺最近成为我们的最大股东,我感谢Bralorne在困难和充满挑战的财务状况下给予的支持。”

Summary Terms of the 安排

根据该协议的条款,在该协议生效之日,Bloralne的股东将为该股东持有的每股Bralorne普通股获得0.14股Avino普通股。“Share Exchange Ratio”),那么Bralorne的所有已发行和未行使的股票期权将被取消。 Bralorne将因此成为Avino的全资子公司。 阿维诺先前持有179,149股Bralorne普通股,最近又从第三方购买了9,500,000股Bralorne普通股,因此Avino已拥有9,679,149股Bralorne普通股,约占Bralorne的34%’已发行普通股。 阿维诺是Bralorne ’的最大股东,并将对该安排投赞成票。

The 股比 represents a 25.2% offer premium to Bralorne shareholders based on the closing prices of 阿维诺 and Bralorne 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 Bralorne outstanding on the date hereof, Bralorne shareholders (not including 阿维诺) will receive under the 安排 approximately 2,636,857 common shares of 阿维诺 (more or less), representing approximately 8.09% of 阿维诺’协议完成后的已发行股份(基于Avino’截止日期为32,611,807股流通在外的普通股)。

随着TSX风险交易所的接受,并为Bralorne提供所需的营运资金,以待安排完成,Avino还同意向Bralorne提供最高125万加元的贷款,其中包括500,000加元的初始预付款(已提供)。 ,以及在达成双方同意的预算后的余额750,000美元。所有垫款将按年利率12%支付,到期日为2014年10月31日之后的三十天。本金和任何应计利息已由Bralorne所有资产的一般担保权益作抵押。

该安排已由Avino和Bralorne的独立特别委员会审核,并得到Bralorne和Avino的独立董事的一致批准。 Bralorne的董事和高级管理人员还与Avino签订了投票支持协议,根据该协议,他们同意对Bralorne的股份(如果有)进行投票,并向代表该安排投赞成票的认股权(占约5.31%的股份和75%的认股权)在目前定于2014年10月9日举行的Bralorne年度股东大会和特别会议上投票。

The special committee and 董事会 of Bralorne have received a fairness opinion from Bruce McKnight Minerals Advisor that the 阿维诺 share consideration is fair, from a financial perspective, to the shareholders of Bralorne. The 董事会 of Bralorne unanimously recommends to the shareholders to vote in support of the 安排.

The special committee and 董事会 of 阿维诺 has also received a fairness opinion from Ross Glanville & Associates that the 阿维诺 share consideration is fair, from a financial perspective, to the shareholders of 阿维诺. Cantor Fitzgerald 加拿大 Corporation is acting as financial advisor to 阿维诺 in connection with the 安排.

The acquisition of Bralorne by 阿维诺 is expected to be completed by way of a court approved plan of arrangement in British Columbia in October 2014.

The 安排 provides for customary deal protection mechanisms, including non-solicitation and right to match, in favour of 阿维诺. Pending completion of the 安排, Bralorne will not issue any debt, equity or equity like securities without the prior written consent of 阿维诺.

截止条件

交易的完成将取决于几个条件的完成,包括:

  • 不得有对Bralorne产生或可能造成重大不利影响的变化,状况,事件或发生;
  • 交易和安排计划将在年度股东大会和特别会议上获得Bralorne的股东和期权持有人以单一表决的形式批准;和
  • Receipt of all necessary approvals to the 安排, including from the TSX Venture Exchange, and the approval of the Supreme Court of British Columbia after a hearing upon the fairness of the 安排.

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

Bralorne security holders and 阿维诺 shareholders and all other interested parties are advised to read the proxy materials relating to the proposed 安排 that will be filed by Bralorne with securities regulatory authorities in 加拿大 when they become available. Anyone may obtain copies of these documents when available free of charge at the Canadian Securities Administrators’ website at www.sedar.com,在Bralorne下’s profile.

本公告仅供参考,并不构成购买要约,出售股份要约或代理人要约。

Bralorne

Bralorne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Bralorne金矿的100%权益。 Bralorne采矿营地的历史是过去从三个矿山(Bralorne,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Bralorne下’在威廉·科肯(William Kocken)的管理和监督下,已经开发,允许并可以正常使用新的工厂设施,并且在旧矿之间的空隙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Bralorne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Bralorne’s website at: www.bralorne.com.

阿维诺

成立于1968年的Avino’我们的使命是通过在墨西哥杜兰戈附近的历史悠久的Avino物业进行有利可图的有机增长,并战略性收购矿产勘探和采矿物业,从而创造股东价值。我们致力于以对环境负责和具有成本效益的方式管理所有业务活动,同时为我们所在社区的福祉做出贡献。

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 Transaction 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”

 
 代表Bralorne’s Board

“William Kocken”

 
加利福尼亚州马尔科姆·戴维森
首席财务官
 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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