Maya Gold arranges $6.3-million private placement
(firmenpresse) -
Maya Gold arranges $6.3-million private placement
Maya Gold & Silver Inc. intends to complete a non-brokered private placement of a minimum of 35 units ($3.15-million) and a maximum of 70 units ($6.3-million). Each unit at a price of $90,000 comprises: (i) 300,000 common shares of the company, at 30 cents per share; and (ii) two silver ingots of 10 kilograms each, to be delivered by the company on or prior to Dec. 31, 2013, or 150,000 common share purchase warrants. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 70 cents, at any time on or before 5 p.m. (Montreal time) on April 30, 2013. The warrants will be subject to an accelerated expiry if, following the trade restriction period of four months and one day from the closing date (as hereinafter defined), the weighted average trading price (as such term is defined in the TSX Venture Exchange policies) of the common shares of the company is equal to or greater than $1 for any 20 consecutive trading days. In that event, the holder will be given notice that the warrants will expire within 30 days following the date of such notice. The warrants may be exercised by the holder during the 30-day period between the notice and the accelerated expiry date of the warrants.
It is not anticipated that any new insiders will be created, or that a change of control will occur as a result of the private placement. The private placement is subject to regulatory approvals, including final approval by the TSX Venture Exchange. All of the securities issued in connection with the financing will be subject to a four-month hold period from the date of issue.
The proceeds from the private placement will be use to fulfill initial commitments with regard to the acquisition of the Zgounder silver mine and other projects of the company in Morocco, and for general corporate working capital.
We seek Safe Harbor.
Leseranfragen:
Maya Gold & Silver Inc.
10 de la Seigneurie Blvd. East
Suite #207
Montréal, Québec
J7C 3V5 (Canada
Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 DW 204
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Datum: 17.10.2011 - 08:24 Uhr
Sprache: Deutsch
News-ID 76487
Anzahl Zeichen: 2014
contact information:
Town:
Wien
Kategorie:
Business News
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