Maya Gold & Silver Closes $4.7 Million in Second Tranche of Placement

Maya Gold & Silver Inc. (TSXV:MYA) announced with the closure of the second tranche of its non-brokered private placement, it has raised an additional $4,702,000.

As quoted in the press release:

The Corporation intends to use the net proceeds of the private placement mainly for the re-commissioning and further development of the Zgounder silver mine and to fund other commitments on Maya’s properties in Morocco. Maya intends to release a more detailed corporate update to the market in the near future. Another press release will be issued later this week to specify on overall developments.

To view the whole press release, click here.