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Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE:CDE) today announced that it has closed the sale of its La Preciosa silver project, which is located in the State of Durango, Mexico, to Avino Silver & Gold Mines Ltd. (“Avino”) (NYSE:ASM) by way of the previously announced definitive agreement (the “Agreement”).
Pursuant to the Agreement, the transaction consideration includes:
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$15.3 million cash paid at closing,
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$5.0 million promissory note that matures prior to the first anniversary of the transaction closing,
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Equity consideration of 14.0 million units, paid at closing, each consisting of one share of Avino common stock and one half of one common share purchase warrant of Avino common stock, priced at a 25% premium to the 20-day volume weighted average price as of October 26, 2021,
Full story available on Benzinga.com
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