By Devika Patel
Knoxville, Tenn., Dec. 22 - Maya Gold & Silver Inc. said it plans a C$2 million non-brokered private placement of units.
The company will sell 5 million units at C$0.40 apiece. Each unit consists of one common share and one warrant, with each warrant exercisable at C$0.50 until April 30, 2012.
Proceeds will be used for drilling and general corporate 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$2 million
|
| Units: | 5 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | April 30, 2012
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 22
|
| Stock symbol: | TSX Venture: MYA
|
| Stock price: | C$0.435 at close Dec. 21
|
| Market capitalization: | C$10.8 million
|
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