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BLAINVILLE, QUEBEC--(Marketwired - Sept. 25, 2015) - Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) announced today that it has closed on September 2, 2015 the brokered private placement (the "Private Placement") previously announced on July 23, 2015. The Corporation has raised $400,400 through the issuance of 1,430,000 units at a price of $0.28 per unit. Each Unit will be comprised of one common share (a "Share") and one Share purchase warrant of the Corporation (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at an exercise price of CAD0.35 until July 15, 2018. The Corporation may accelerate the expiry time of the Warrants if, at any time, the weighted average trading price of the common shares of the Corporation listed on the Exchange is equal to or above CAD0.70 per share for a period of 20 consecutive trading days. |
