Symbol: MLG
Toronto Stock Exchange (TSX)
MONTREAL, June 26 /CNW Telbec/ - Malaga Inc. (TSX:MLG) is pleased to announce the appointment of Luc Filiatreault, A. Michel Lavigne and Jean C. Lavoie as members of the Company's Board of Directors.
Luc Filiatreault, has been the President and CEO of NStein Technologies inc. since April 2007. Previously he was CEO of PG Govern (a software company). In 2002, he founded NordTech Aerospace Inc. (renamed ExelTech Aerospace inc.) where he acted as President until 2005 and currently acts as a Director. From 2000 until 2002, he was President of BellZinc, a subsidiary of Bell Canada. In 1987, he co-founded "Informission Group" (renamed Nurun in 2000) where he held several positions until the company was purchased by Quebecor in 2000. He holds a Degree in Engineering Physics from Laval University.
A. Michel Lavigne, was until May 2005, President and CEO of Raymond Chabot Grant Thornton in Montreal, as well as Chairman of the Board of Grant Thornton Canada. Mr. Lavigne is a Director of the Caisse de depot et placement du Quebec and Primary Energy Recycling Corporation and is a Director and a member of the Audit and Compensation Committees of several companies including Quebecor Media inc. He is a Fellow Chartered Accountant of the Ordre des comptables agrees du Quebec and has been a member of the Canadian Institute of Chartered Accountants since 1973.
Jean C. Lavoie is a consultant specialized in corporate financing. From 1986 until 1994 he was Vice-President Finance and CFO for Unigesco Inc. He is a member of the Board of BNP Paribas (Canada) and has also been a Director for a number of large public companies, namely, Gaz Metro Inc., Aetna Life of Canada and La Maritime, Insurance Company. Mr. Lavoie obtained a Bachelor of Electrical Engineering from McGill University and a Degree in Industrial Management from the Massachusetts Institute of Technology.
These appointments are in accordance with Malaga's stated objective to strengthen its governance structures and in particular its Board of Directors in order to support its transformation from an exploration/development company into an important operating mining entity. Jean Martineau, Malaga's President and CEO is very pleased with these appointments and considers that the Company will benefit greatly from the appointees vast financial and management expertise.
ABOUT MALAGA INC.
Malaga Inc. is a tungsten mining company that uses modern, efficient and productive mining technology. The Company is committed to growth, through increasing its tungsten concentrate production, continuing the exploration of the Pasto Bueno property, and through strategic acquisitions. It also seeks diverse growth opportunities such as developing the hydroelectric potential of the Pasto Bueno property, through Hidropesac, in which the Company holds 44%, as well as through its holding in Dynacor Gold Mines Inc., in which the Company owns 13.3%.