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Stock impact report

Silver Wolf Announces Completion of Shares For Debt Settlements [Yahoo! Finance]

Avino Silver & Gold Mines Ltd. Common Shares (Canada) (ASM) 
NASDAQ:AMEX Investor Relations: avino.com
Company Research Source: Yahoo! Finance
announce that further to the Company's press release dated May 22, 2024, the Company has completed the shares for debt transaction with two of its principal creditors, Oniva International Services Corp. (" Oniva "), a private company controlled by the Company's CEO, David Wolfin which provides administrative services to the Company, and Avino Silver & Gold Mines Ltd. (" Avino "), for administrative expenses and exploration and evaluation services, which shares common management and directors. As noted in the May 22, 2024 press release, no management fees or salaries are included as part of this settlement, and no fees or salaries are being charged by management at this time. Pursuant to the shares for debt transaction, the Company has issued 1,073,000 common shares to Oniva and 2,292,000 common shares to Avino, each at a deemed price of $0.20 per share for an aggregate total of 3,365,000 common shares. The shares are subject to resale restrictions for a period of 4 months and a day Show less Read more
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