MONTREAL, QUEBEC -- (Marketwire) -- 03/04/11 -- Maya Gold & Silver Inc. ('MAYA' or the 'Company') (TSX VENTURE: MYA)reports that it has closed a first tranche of a previously announced $3.0 million non-brokered private placement through the sale of 2,764,444 units at $0.45 each for gross proceeds of $1,244,900.