Maya GOLD & Silver Inc. Announces NAME Change and Postponement of Filing Its Q2 Financial Statements
PRESS RELEASE
MAYA GOLD & SILVER INC. ANNOUNCES NAME CHANGE
AND POSTPONEMENT OF FILING ITS Q2 FINANCIAL STATEMENTS
Montreal, Québec – July 30, 2020 – Maya Gold & Silver Inc. ( ”Maya” or the “Corporation”) (TSX:
MYA) wishes to announce that it has received the approval from the Toronto Stock Exchange (the
“Exchange”) to change the name of the Corporation from Maya Gold & Silver Inc. to Aya Gold &
Silver Inc./Aya Or & Argent Inc. Effective at market open on July 31, 2020, the Corporation will
begin trading under its new name of Aya Gold & Silver Inc./Aya Or & Argent Inc.
The Corporation has also received the approval from the Exchange to change the trading symbol to
“AYA”. The Corporation’s web domain will be changed to www.ayagoldsilver.com. Shareholders are
not required to take any action in connection with the change of name and share certificates
bearing the name “Maya Gold & Silver Inc.” remain valid and need not be exchanged.
Postponement of filings of its Q2 financial statements and MD&A
The Corporation also wishes to announce that it has postponed the filing of its 2020 second quarter
financial statements, and management's discussion and analysis for the quarter ended June 30,
2020 (collectively the “2020 Q 2 documents”), due to logistics and delays caused by the COVID -19
pandemic. The Corporation is relying on exemptive relief pursuant to decision N°2020-PDG-00037
issued by the Autorité des marchés financiers ("AMF Temporary Exemption") , which provides for
up to a 45 -day extension for periodic filings normally required to be made by reporting issuers
between June 2, 2020 and August 31, 2020.
The Corporation estimates that its 2020 Q2 documents will be available for filing at its earliest
opportunity, which is expected to occur by end of September 2020. Until such time , the
Corporation’s management and other insiders are subject to a trading blackout that reflects the
principles contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and
Revocations in Multiple Jurisdictions.
The lockdown resulting from the outbreak of COVID -19 pandemic has created unprecedented
disruptions in the global economy and stock markets. The Co rporation’s Board of Directors and
Management continue to take all necessary precautions to ensure the health of its employees and
consultants and to manage the short-term challenges to its business.
There have been no material business developments since the date of the First Quarter 2020
Financial Results, filed on June 30, 2020, other than those announced in subsequent press releases,
copies of which are available on SEDAR at www.sedar.com.
About Maya Gold & Silver Inc.
Maya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation,
exploration, acquisition and development of silver and gold deposits. Maya is currently operating
mining and milling facilities at its Zgounder Silver Mine, an 85% -15% joint venture between its
subsidiary, ZMSM, and the Office Nat ional des Hydrocarbures et des Mines (“ ONHYM”) of the
Kingdom of Morocco.
Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti -Atlas
Mountains of Eastern Morocco which is also a joint venture with ONHYM wherein Maya retains an
85% ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour
properties, both being 100% owned, with gold, tungsten, molybdenum and copper occurrences
covering over 100 square kilometres in a historical mining district of Morocco.
For additional information, please visit Maya’s website at www.ayagoldsilver.com
Or contact:
Benoit La Salle, FCPA FCA
President & CEO
Tel: +1 (514) 951-4411
Alex Ball
Corporate Development & IR
Tel: +1 (647) 919-2227
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature may
constitute forward -looking information. Generally, such forward -looking information can be
identified by the use of forward -looking terminology such as “will”, “cont inue”, “provide”,
“present”, “reasonable”, “established”, “has”, “demonstrate”, “potential”, or variations of such
words and phrases or state that certain actions, events or results "may", "could", "would" or
"might". Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or achievements of
the Corporation to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: (i) volatile stock price; (ii) the general global markets and
economic conditions; (iii) the possibility of write -downs and impairments; (iv) the risk associated
with exploration, development and operations of mineral deposi ts including the accuracy of the
current mineral reserve and mineral resource estimates of the Corporation (including, but not
limited to, ore tonnage and ore grade estimates) and mine plans for the Corporation’s mining
operations (including, but not limited to, throughput and recoveries being affected by metallurgical
characteristics); (v) the risk associated with establishing title to mineral properties and assets
including permitting, development, operations and production from the Corporation’s operatio ns
being consistent with expectations and projections; (vi) fluctuations in commodity prices and other
risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the
Corporation and which is available at www.sedar.com, all of which should be reviewed in
conjunction with the information found in this news release
Although the Corporation has attempted to identify important factors that could cause actual
results to differ materially from those contained in the forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such forward -looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such forward -looking information.
Such forward -looking information has been provided for the purpose of assisting investors in
understanding the Corporation's business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not place undue reliance on forward -
looking information. Forward-looking information is given as of the date of this press release, and
the Corporation does not undertake to update such forward -looking information except in
accordance with applicable securities laws.