Non-brokered deal funds exploration and development at Zgounder mine
By Devika Patel
Knoxville, Tenn., July 7 – Maya Gold & Silver Inc. said it raised C$1.34 million in a non-brokered private placement of units. This placement was a prerequisite to draw down the remaining $1.5 million loan facility from European Bank for Reconstruction and Development.
The company sold 10.3 million units of one common share and one warrant at C$0.13 per unit. Each warrant is exercisable at C$0.17 until June 30, 2019. The strike price is identical to the July 6 closing share price.
Proceeds will be used for exploration and development at Zgounder Silver Mine and Boumadine Polymetallic Project and general working capital purposes.
Based in Montreal, Maya Gold & Silver mines for base and precious metals.
| Issuer: | Maya Gold & Silver Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,339,000
|
| Units: | 10.3 million
|
| Price: | C$0.13
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | June 30, 2019
|
| Warrant strike price: | C$0.17
|
| Agent: | Non-brokered
|
| Settlement date: | July 7
|
| Stock symbol: | TSX Venture: MYA
|
| Stock price: | C$0.17 at close July 6
|
| Market capitalization: | C$29.96 million
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
