Day: November 28, 2016

Timmins Gold Files Amended Technical Reports

Timmins Gold Corp. announces that it has filed updated technical reports for each of the San Francisco Mine and Ana Paula Project. These reports were filed in connection with the financing announced on November 10, 2016 and include disclosure intended to bring the reports into compliance with National Instrument 43-101. The estimates of mineral reserves and resources contained in the previous versions of the technical reports have not changed and in the Company’s view, none of the changes made in either technical report are material to the assets or operations of the Company.

Avino Announces Closing of Bought Deal Offering

Avino Silver & Gold Mines Ltd. further to the Company’s press release dated November 21, 2016, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, Euro Pacific Capital, Inc., Roth Capital Partners, LLC, Echelon Wealth Partners Inc. and Haywood Securities Inc., as co-managers, for the issuance of 7,124,430 units of the Company at the price of US$1.57 per Unit for aggregate gross proceeds of US$11,185,355.10 in Canada and the United States of America. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant is exercisable to purchase one additional Common Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.