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Maya Gold & Silver: TSX Venture Approves the Amizmiz Option Agreement
Montreal, Quebec, September 24, 2009 – MAYA GOLD & SILVER (TSX-V: MYA) reports that pursuant to the Agreement entered with Societe d’Exploration Geologique des Metaux (“SEGM”) (Press release dated March 31, 2009), the TSX Venture Exchange has approved the option agreement of the ABH (Amizmiz gold and silver project) gold property of Morocco.
In consideration to earn 60% interest in the property from SEGM, Maya has agreed to issue up to 1,000,000 common shares of Maya at an attributed price of $0.38 per share of which 500,000 will be issued immediately and 500,000 will be issued upon regulatory approval. All securities will be subject to a four month hold period trading restriction from the date of issuance.
In addition, the Board granted a total of 50,000 options to purchase common shares in the Company to one director. All options have an exercise price of $0.40 and an exercise period of five years.
Maya Gold & Silver Inc. is a Canadian mining company newly listed on the TSX Venture Exchange which focuses on the research of gold and silver deposits.
For further information on Maya visit www.mayagoldandsilver.com or contact:
Maya Gold & Silver Inc.:
Chairman and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historical fact, all statements in this news release, without limitation regarding new project acquisitions future plans and objectives are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.