MAYA announces the postponement of filing its annual financial statements, MD&A and AIF for the year 2019, due to COVID-19 related-delays
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MAYA announces the postponement of filing its
annual financial statements, MD&A and AIF for the
year 2019, due to COVID-19 related-delays
Montreal, Québec- March 30, 2020 – Maya Gold & Silv er Inc. (“Maya” or the “Corporation”) (TSX:
MYA) has postponed filing its annual financial statements, management's discussion and analysis and
annual information form for the year ended December 31, 2019 (collectively the “2019 annual
documents”), due to logistics and delays caused by the COVID-19 pandemic. Maya is relying on
exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay
the filing of its annual documents required by Nati onal Instrument 51-102 by March 30, 2020. In
response to the coronavirus disease 2019 pandemic, securities regulatory authorities in Canada have
granted a blanket exemption allowing issuers an add itional 45 days to complete their regulatory
filings. Maya estimates that its 2019 annual docume nts will be available for filing at its earliest
opportunity, which is expected to occur in late-Apr il 2020. Until such time as the 2019 annual
documents are filed, Maya’s management and other in siders are subject to a trading blackout that
reflects the principles contained in section 9 of N ational Policy 11-207 – Failure-to-File Cease Trade
Orders and Revocations in Multiple Jurisdictions.
There have been no material business developments s ince the date of the last interim financial
statements, filed on November 14, 2019, a copy of which is available on SEDAR at www.sedar.com.
ABOUT MAYA
Maya Gold & Silver Inc. is a publicly-traded Canadian company focused on the operation, exploration
and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating
mining and milling facilities at its Zgounder Mine, an 85%-15% joint venture between its subsidiary,
ZMSM, and the ONHYM of the Kingdom of Morocco.
Its mining portfolio also includes the Boumadine po lymetallic deposit located in the Anti-Atlas
Mountains of Eastern Morocco. The property is also a joint venture with ONHYM wherein Maya
retains a 85% ownership.
Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being
100% owned, with gold, tungsten, molybdenum and cop per deposits covering over 100 square
kilometres in a historical mining district of the Kingdom of Morocco.
On behalf of the Board:
Noureddine Mokaddem
Founder, Chairman & CEO
+1 514-866-2008