Avino Silver & Gold: cease trade order, clarification/restarction of disclosure

theflyonthewall.com

Avino Silver & Gold Mines as reported on May 11, the company's public disclosures on mineral resource estimates regarding the company's Avino property in Durango, Mexico, have been under review by the British Columbia Securities Commission, or BCSC. This review resulted in the company issuing a news release on May 11 to clarify and retract certain disclosures it has made. The company has been fully co-operating with the BCSC in this matter, but unfortunately due to an oversight, a corporate presentation which reported a global resource estimate for the property had remained on the company's website. It has now been removed. The company is working with its independent engineering consultants, Tetra Tech Wardrop, and filed with the BCSC an amended technical report to attempt to address the BCSC's disclosure concerns. The company and Tetra Tech intend to address all of the BCSC's disclosure issues. However, in the meanwhile, the BCSC has issued a cease trade order against the company. The cease trade order is effective in Canada, and will remain in place until the company has addressed the disclosure concerns raised to the BCSC's satisfaction.

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