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malaga inc (MLGAF) Details

Malaga Inc. engages in the acquisition, exploration, development, and mining of mineral properties in Peru. It holds 100% interest in the Pasto Bueno tungsten mine, which consists of 33 concessions covering a total area of approximately 690 hectares located in Northern Peru. The company was formerly known as Dynacor Mines Inc. and changed its name to Malaga Inc. in May 2007. Malaga Inc. was incorporated in 1983 and is headquartered in Montreal, Canada. As of June 6, 2013, Malaga Inc. is in Reorganization.

Founded in 1983

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malaga inc (MLGAF) Key Developments

TSX To Delist Common Shares Of Malaga

Further to TSX Bulletin 2013-0584 dated June 7, 2013, TSX has determined to delist the common shares of Malaga Inc. at the close of market on July 15, 2013 for failure to meet the continued listing requirements of TSX. The common shares will remain suspended from trading.

Malaga Announces Management Changes

Malaga Inc. announced that it has taken action to protect itself and its assets from creditors' claims as it pursues its restructuring efforts. The company also announced the departure of its chief executive officer and chief financial officer in connection with the restructuring. Malaga announced that president and chief executive officer Pierre Monet and chief financial officer Joey Trombino had left the company, effective immediately, as part of the restructuring, and Réjean Gourde and Gilles Masson had resigned as directors. Malaga has experienced financial difficulties since it halted operations at its Pasto Bueno Mine in Peru in October 2012, when a severed hydroelectric transmission line cut power to the plant.

Malaga Inc.’s Common Shares Under TSX Review Process

TSX is reviewing the common shares of Malaga Inc. with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The common shares are suspended from trading immediately.


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