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Aya Gold & Silver Increases its Collaboration with ONHYM and Consolidates its Ownership Interest in Zgounder to 100%
Aya Gold & Silver Increases its Collaboration with ONHYM and Consolidates its Ownersh...
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":"\n \n \n \n Aya Gold & Silver Increases its Collaboration with ONHYM and Consolidates its Ownership Interest in Zgounder to 100%\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Aya Gold & Silver Increases its Collaboration with ONHYM and Consolidates its Ownership Interest in Zgounder to 100%\n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n Sept. 12, 2022\n \n /CNW/ -\n \n Aya Gold & Silver Inc.\n \n (TSX: AYA) (OTCQX: AYASF) (\"Aya\" or the \"Corporation\") is pleased to report that it has, subject to customary closing conditions and regulatory approvals expected before the end of 2022, reached an agreement with the National Office of Hydrocarbons and Mines (\"ONHYM\") to acquire the ONHYM's 15% interest in the Zgounder project and five adjacent permits to the Zgounder Silver Mine for a total consideration of\n \n 67 million dirhams\n \n (approximately\n \n US$6.5 million\n \n ). ONHYM will maintain its 3% royalty on the Zgounder property, and a 3% royalty is granted on production coming from the new permits. This transaction deepens Aya's collaboration with ONHYM, extending to other strategic initiatives including the review and evaluation of additional exploration ground in\n \n Morocco\n \n .\n \n \n \"This deal is very accretive for all stakeholders and speaks to our strong relationship with ONHYM and the government of\n \n Morocco\n \n ,\" said\n \n Benoit La Salle\n \n , President & CEO. \"We have acquired 100% ownership of the Zgounder project and acquired strategic, adjoining permits, consolidating our position around Zgounder. We look forward to our continued strong partnership with ONHYM as we collaborate and generate value for all stakeholders on mining opportunities in the Kingdom of\n \n Morocco\n \n .\"\n \n \n \n \n \n \n \n \n \n \n About\n \n Aya Gold\n \n & Silver Inc.\n \n \n \n \n Aya Gold\n \n & Silver Inc. is a rapidly growing,\n \n Canada\n \n -based silver producer with operations in the Kingdom of\n \n Morocco\n \n .\n \n \n The only TSX-listed pure silver mining company, Aya operates the high-grade ...