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MONTREAL, QUÉBEC--(Marketwire - April 5, 2012) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces the closing of a non-brokered private placement (the "Private Placement"). Under the terms of the Private Placement, Maya issued fourteen units (the "Units") at a price of CAD 70,000 per Unit, for total gross proceeds of CAD 980,000. Each Unit consisted of 300,000 common shares from the share capital of Maya (the "Common Shares") and 150,000 common share purchase warrants (the "Warrants"). The securities issued under the Private Placement are subject to a four-month and one day hold period, expiring August 6, 2012. |
