Malaga Inc. (Malaga)
Symbol: MLG
Toronto Stock Exchange
MONTREAL, Sept. 19 /CNW Telbec/ - Malaga Inc. (TSX: MLG) is pleased to announce that the Toronto Stock Exchange ("TSX") has granted to Dynacor Gold Mines Inc., Malaga's wholly-owned subsidiary, conditional approval for the listing of its common shares, subject to the Company meeting certain requirements. A follow up press release should be issued shortly announcing the declaration of a stock dividend and the distribution date for the distribution of a portion of the shares of Dynacor Gold to the shareholders of Malaga.
COMPANY PROFILE
Malaga is a mining company, which owns and operates through its subsidiaries, a tungsten mine and gold plant with mining and exploration activities focused in Peru. It holds 100% interest, and operates the Pasto Bueno tungsten mine. In addition, the Company holds 44% interest in the Peruvian company called Hidroelectrica Pelagatos. This corporation operates the hydroelectric potential of the Pasto Bueno property. Malaga focuses on efficient and productive mining practices, in order to optimize current operations. The Company is committed to growth, through increasing its production levels, continuing exploration projects on existing properties and through strategic acquisitions. It also seeks diverse growth opportunities such as the hydroelectric potential through Hidroelectrica Pelagatos.