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®.
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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.