UNDERWRITING AGREEMENTUnderwriting Agreement • August 1st, 2019 • Avino Silver & Gold Mines LTD • Metal mining • British Columbia
Cantor Fitzgerald Canada Corporation (“CFCC” or the “Underwriter”), as sole bookrunning manager and sole underwriter, hereby offers to purchase from Avino Silver & Gold Mines Ltd. (the “Company”), and the Company hereby agrees to issue and sell to the Underwriter, upon and subject to the terms hereof, an aggregate of: (i) 4,706,000 common shares of the Company (the “Firm Shares”) at a price of C$0.85 per Firm Share (the “CS Offering Price”) on an underwritten basis (the “CS Offering”), and (ii) 2,020,400 common shares of the Company that qualify as “flow-through shares” as defined in subsection 66(15) of the Tax Act (as defined herein) (the “Flow-Through Shares”) at a price of C$0.99 per Flow-Through Share (the “FT Offering Price”) on an underwritten basis (the “FT Offering”, and together with the CS Offering, the “Offering”), for an aggregate purchase price of C$6,000,296.
