Malaga Inc.
TSX : MLG

Malaga Inc.

October 04, 2011 17:17 ET

Malaga Joins OTCQX-"MLGAF"

MONTREAL, QUEBEC--(Marketwire - Oct. 4, 2011) - Malaga Inc. (TSX:MLG) a leading provider of tungsten and one of the few tungsten providers outside of China, is pleased to announce that it will begin trading Wednesday October 5, 2011 on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

OTC Markets Group Inc (OTCQX:OTCM) is the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade over-the-counter ("OTC") stocks.

"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Malaga to OTCQX."

"We're very pleased to be a part of OTCQX and believe trading on the highest tier of the OTC will provide the United States investment community with access to the increasing value of an important strategic metal commodity," commented Pierre Monet, President of Malaga, Inc. "Tungsten continues to be in high demand but there is limited supply, which is why it has the potential to play an important role in investment portfolios."

Merriman Capital, Inc. will serve as Malaga's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ:MERR) and is a member of FINRA and SIPC.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.

About Malaga Inc.

Malaga Inc. owns and operates the Pasto Bueno tungsten mine in Peru and is one of the few publicly-traded producers of tungsten outside of China. Malaga is a low cost producer due to its gravimetric ore concentration process and the availability of hydroelectric power at Pasto Bueno. Malaga's current production capacity accounts for 15% of the tungsten produced outside of China. The Company plans to increase production and explore the property to develop its reserves and resources.

FORWARD‐LOOKING STATEMENTS

Certain statements in the foregoing may constitute forward‐looking statements which involve known and unknown risks, uncertainties and other factors that may cause Malaga's actual results, performance or achievements or industry results to be materially different from any future result, performance or achievement expressed or implied by such forward‐looking statements. The information provided reflects management's current expectations regarding future events and performance as of the date of this news release.

Contact Information

  • Jean Martineau
    Chairman of the Board and Chief Executive Officer
    Malaga Inc.
    514 288-3224

    Pierre Monet
    President
    Malaga Inc.
    514 288-3224

    Nicole Blanchard
    Corporate Strategy and Investor Relations
    Sun International Communications
    450 973-6600