Business
Malaga Inc. announces a stock dividend in relation to the previously announced spin-off of its gold assets to Dynacor Gold Mines Inc.
Malaga Inc. announces a stock dividend in relation to the previously announced spin-off of its gold assets to Dynacor Gold Mines Inc..
About this update from M3 Metals Corp.
[{"type":"text","content":"\n\n\n\n/Not for distribution to U.S. news wire services or dissemination in\n\n\nthe United States/\n\n\nMalaga Inc. (Malaga)\n\n\nSymbol: MLG\n\n\nToronto Stock Exchange\n\n\nMONTREAL, Oct. 18 /CNW Telbec/ - Malaga Inc. ("Malaga") (TSX: MLG) and\nDynacor Gold Mines Inc. ("Dynacor") are pleased to announce that a final\nreceipt has been issued for Dynacor's final prospectus which qualifies the\ncommon shares, warrants and broker warrants underlying the previously issued\nspecial warrants and special broker warrants. On September 5, 2007, the\nToronto Stock Exchange ("TSX") granted conditional approval for the listing of\nthe shares of Dynacor. As a result of the foregoing, Dynacor common shares\nwill commence trading on the TSX at the start of business on October 24, 2007,\non a "when-issued basis".\n\n\nMalaga shareholders of record as of the close of business on October 26,\n2007 (the "Record Date"), will be entitled to receive, by way of stock\ndividend, 1 Dynacor common share for approximately each nine common shares of\nMalaga held as of such Record Date. The final distribution ratio will be\ndetermined based upon the number of shares of Malaga issued and outstanding as\nof the Record Date and will be announced by way of press release as soon as\npractically possible following the Record Date.\n\n\nNo fractional Dynacor common shares will be issued and no consideration\nwill be given therefore. The holders of common share purchase warrants and\noptions issued by Malaga will not be entitled to receive common shares of\nDynacor unless they exercise the Malaga common share purchase warrants or\noptions prior to the Record Date. It is expected that Malaga's registrar and\ntransfer agent will mail the Dynacor share certificates on or about October\n31, 2007.\n\n\nCommon shares of Malaga will commence to trade on an ex-dividend basis on\nthe TSX as of October 24, 2007.\n\n\nAs a result of the reduction of Malaga's issued stated capital, which\nreduction was approved at the last meeting of its shareholders held on May 16,\n2007, there will be no additional tax payable by Malaga's shareholders as a\nresult of the stock dividend.\n\n\nABOUT DYNACOR GOLD MINES INC.\n\n\nACARI MILL\n\n\nSince 1998, Dynacor has been producing gold at Acari through custom\nmilling, purchasing ore from l...