Malaga Inc. (malaga)
Toronto Stock Exchange (TSX)
MONTREAL, Nov. 12 /CNW Telbec/ - Malaga Inc. ("MLG" or "the Company") (TSX:MLG), America's leading producer of tungsten ore, announces today the appointment of Mr. Gilles Masson to the Company's Board of Directors. Mr. Masson replaces Michel Lavigne, who recently resigned from the Board.
Gilles Masson obtained a Bachelor of Commerce degree from Hautes Études Commerciales in 1969, and he is a chartered accountant since 1971. He was a partner at PricewaterhouseCoopers (PWC) from 1980 to his retirement in 2006. His clientele included national and international companies, as well as small and medium enterprises established in the province of Quebec, such as Domtar, Norampac, Canam Manac and Agropur. He was a member of the executive committee of the Montreal office from 1980 to 1996, and then leader of the Consumer and Industrial Products and Services group. He also was a member of PWC's Policy Committee and a member of the national Consumer and Industrial Products and Services group. He serves on the Boards of Directors of SEMAFO (a public company with gold production and exploration activities in Africa) and of Royal Nickel Corporation.
Malaga's President and CEO, Jean Martineau along with his team are pleased to welcome Mr. Masson to the Board of Directors. His vast knowledge and leadership at PricewaterhouseCoopers brings a wealth of experience to Malaga. "We are looking forward to working with Mr. Masson on our Board as Malaga continues to grow and progress into a preeminent tungsten producer."
Jean Martineau, commenting on Mr. Lavigne's resignation, expressed gratitude, "Michel's contributions over his tenure have been outstanding and he will be sincerely missed."
ABOUT MALAGA INC.
Malaga Inc. is America's leading producer of tungsten ore and owns the only operating tungsten mine in the Americas. Current tungsten concentrate production is approximately 5,000 MTUs per month and is expected to double by 2010. Malaga produces one of the highest quality tungsten concentrates available in the world due to its very low content of impurities. 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.
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