MAYA provides update on filing of annual disclosure documents for the year 2019 and announces delayed filing of Q1 2020 financial disclosure pursuant to AMF Exemption
PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE
MAYA provides update on filing of annual disclosure
documents for the year 2019 and announces delayed
filing of Q1 2020 financial disclosure pursuant to AMF
Exemption
Montreal, Québec- May 1st, 2020 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX:
MYA) provided an update with respect to filing of its a nnual financial statements, management's
discussion and analysis and annual information form for the year ended December 31, 2019
(collectively the “ 2019 annual documents ”). The Corporation is providing this update in accorda nce
with Decision No 2020-PDG-0023 of the Autorité des marchés financiers (Québec) (the " Exemption ").
The Corporation intends to file the 2019 annual documents by the deadline of May 14, 2020.
The Corporation further announced that it will be d elaying the filing and delivery of its interim
financial statements and related MD&A for the three months ended March 31, 2020 (the " Required
Q1 Filings ") in accordance with the Exemption. The Corporatio n currently intends to make the
Required Q1 Filings by the end of June 2020.
Blackout in Effect for Management and Other Insiders
In accordance with the Corporation's Securities Tra ding Policy, the officers and directors of the
Corporation and certain other persons will remain s ubject to a trading black-out pursuant to which
such persons are prohibited from trading in any sec urities of the Corporation until such time the
Required Q1 Filings are filed on SEDAR and a corres ponding news release is issued by the
Corporation.
Business Developments
Since March 30, 2020, when the Corporation announced that it would be relying on the Exemption in
respect of its 2019 annual documents, the Corporati on has disclosed by way of news release the
following significant business development:
• on April 24, 2020 announced that Noureddine Mokaddem was stepping dow n as Chairman,
President and Chief Executive Officer and that Beno it La Salle FCPA, CPA was appointed by
the Board of Directors as President, Chief Executiv e Officer and Director, effective
immediately. In addition, Robert Taub was appointed as Chairman of the Board of the
Corporation.
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 Office National des Hydrocarbures et des Mines (“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 an 85% ownership. Additionally, the Corpora tion’s portfolio includes the Amizmiz and
Azegour properties, both being 100% owned, with gold, tungsten, molybdenum and copper deposits
covering over 100 square kilometres in a historical mining district of Morocco.
For additional information, please visit Maya’s website at www.mayagoldsilver.com
Benoit La Salle, FCPA, FCA Alex Ball
President and Chief Executive Officer +1 (647) 91 9 2227
+1 (514) 889 5089