SAN FRANCISCO, Feb. 7, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Midlands Minerals Corporation (TSXV: MEX; OTCQX: MDLXF) as it lists on OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Midlands Minerals is a gold exploration company with an advanced gold project on the Ashanti Gold belt in Ghana. The Company announced today that it is now trading on the OTC market's highest tier, OTCQX®.
OTCQX distinguishes the best companies traded OTC from more than 9,000 securities traded on the OTCBB and Pink Sheets® that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Merriman Capital Managing Director, said: "Midlands listing on the OTCQX is a sign of their commitment to the U.S. markets. Kim Harris and her team are very focused on the U.S. investor, and we look forward to helping them in this effort."
Kim Harris, President and Chief Executive Officer of Midlands said: "This is a great and exciting opportunity, which opens the door to the world's largest market and increases the Company's profile in the United States. This OTCQX listing allows Midlands to connect with existing U.S. shareholders, and new investors, by allowing them easier access to the Midlands story. We look forward to the opportunity to increase our presence and visibility in the U.S. market, and the opportunity to tell our story to a much broader audience base."
About Merriman Holdings, Inc.
Merriman Holdings, Inc. (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to http://www.merrimanco.com/.
About Midlands Minerals Corporation
Midlands Minerals Corporation (TSXV:MEX, OTCQX:MDLXF) is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midlands' top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with a significant growth potential. Midlands' second priority is the highly prospective Kaniago gold project, which is located on the Asankrangwa Gold Belt and is contiguous to two past open pit gold producers – Abore to the north and Obotan to the south. Midlands also holds highly prospective licenses for gold and diamonds in the Lake Victoria Goldfields in Tanzania, including its advanced Itilima Gold Project, which lies within the Geita-Bulyanhulu-Sekenke Trend, which is host to over 40 million ounces in gold reserves.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC 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. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.mcfco.com. Please click on "Investor Relations."
SOURCE Merriman Holdings, Inc.
Share this article