Maya Gold & Silver Inc. incorporates under the Canada Business Corporations Act.
Initial public offering yields $2,000,000 (8,000,000 common shares at $0.25 per share).
The company lists on the TSX Venture Exchange under the symbol “MYA”.
Maya takes 100% interest in three mining concessions in Mexico through the acquisition of Metales de la Sierra S. de R.L. de C.V., and stakes a fourth concession which surrounds the original three.
10% interest in the Amizmiz gold property in Morocco acquired as well as an option to take an additional 60% interest in the project.
Maya chooses to retain La Campana while abandoning the three other concessions along the border of the Mexican states of Durango and Sinaloa.
100% of the rights to the Amizmiz property purchased from SEGM, a private Moroccan holding company. SEGM retains a 2.5% net smelter royalty on the acquired permits.
Maya identifies further near-term mine production and strategic exploration properties in Morocco.
100% interest in the Azegour property acquired from Ouiselat Mines, which will receive a 2.5% royalty on revenue generated from the property. The Azegour mine, a past producer of molybdenum, copper and tungsten, lies directly south of the Amizmiz property.
The #233263 property and mining permit acquired. The property is located in an important mining district in the eastern Anti-Atlas mountains of Morocco which hosts the Imiter mine, the 10th largest silver mine in the world.
In April, participation in the international tender organized by L’Office National des Hydrocarbures et des Mines (ONHYM) for the total or partial acquisition of the Zgounder mine.
In September, the Corporation and the ONHYM agreed to negotiate a convention in order for Maya to acquire 85% of the Zgounder Silver Deposit.
The convention for Zgounder silver deposit was signed on January 6th.