Malaga Inc. (Malaga)
Symbol: MLG
Toronto Stock Exchange
MONTREAL, July 17 /CNW Telbec/ - Malaga Inc. ("Malaga" or the "Company") is pleased to announce that is has formally changed its corporate name from "Mines Dynacor Inc." (Symbol: DYN) to "Malaga Inc." (Symbol: MLG). The change in corporate name was approved by shareholders at the annual and special meeting held on May 16, 2007.
Malaga's common shares will commence trading on the TSX at the opening of business on July 17, 2007, under the symbol "MLG".
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.
On February 20, 2007, the Company announced the amalgamation of its gold activities into a new subsidiary and to give its shareholders ownership of such subsidiary. The new company will have all the current gold assets, which includes the Acari mine.
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.