Maya Gold & Silver Completes $1 Million Private Placement

Maya Gold & Silver Inc. (TSX VENTURE:MYA) announced that it has closed the non-brokered private placement previously announced on June 23, 2010.

The press release is quoted as saying:

The Company has raised $1,000,200 through the issuance of 4,000,800 units at a price of $0.25 per unit. Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.35 per Common Share during 18 months following the closing.

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Click here to access Maya Gold & Silver Inc. Corporate Site