Malaga inc. (malaga)
Symbol : MLG
Toronto Exchange (TSX)
MONTREAL, April 1 /CNW Telbec/ - Malaga Inc. (TSX: MLG) announces the appointment of Mr. Daniel Danis and Mr. R. Martin Wong to the Board of Directors. These experienced professionals are joining a group of seasoned directors, namely Me René Branchaud, Luc Filiatrault, Rénald Marchand, Gilles Masson and Jean Martineau, President and CEO of Malaga.
M. Daniel Danis is an experienced geologist with more than twenty years in exploration in Quebec and abroad. He has worked for public companies Minorca Resources, Vogues Resources and Unigold Resources. Mr. Danis is currently President and CEO of Unigold Resources, a gold exploration company with mining properties in the Dominican Republic. Mr. Daniel Danis holds a Bachelor of Science in Geology and a Masters Degree from the Université du Québec à Montréal with a specialization in geochemistry.
Mr. Martin Wong is an experienced corporate financial executive, investment banker and chartered accountant specialized in investments, capital markets, investment banking, relation management, and loan restructuring. Mr. Wong previously worked for large financial institutions such as RBC Royal Bank and Scotia Capital and more recently in Investment Banking at Dundee Securities Corporation. Mr. Wong is currently an independent financial advisor and consultant to public and private companies. He holds a Bachelor of Business Administration from Bishop's University , is a member of the Ordre des comptables agréés du Québec and administrator of a number of boards and philanthropic organizations.
"We are very proud to welcome Mr. Danis and Mr. Wong to our Board of Directors and look forward to their experienced advice and support at a time when we are speeding up our tungsten production in Peru as well as planning important exploration programs on the Pasto Bueno property", said Mr. Jean Martineau, President and CEO of Malaga.
ABOUT MALAGA INC.
Malaga Inc. is the Americas leading producer of tungsten ore and owns the only operating tungsten mine in the Americas. Current tungsten concentrate production is approximately 7,500 MTUs per month and is expected to increase to above 9,000 MTUs, in the near future. Malaga also seeks diverse growth opportunities such as developing the hydroelectric potential of its 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 13.5%.
The Company's shares trade on the Toronto Stock Exchange (TSX:MLG). Malaga is currently the only publicly traded tungsten producing company outside of China. Updates and information on Malaga are available at its web site www.malaga.ca.
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Malaga, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
SOURCE MALAGA INC.
For further information: For further information: Jean Martineau President & CEO, Malaga Inc., (514) 288-3224; Dale Nejmeldeen, Investor Relations, Malaga Inc., (778) 574-2806, firstname.lastname@example.org; Nicole Blanchard, Corporate Strategy and Investor Relations, Sun International Communications, (450) 973-6600