SAN FRANCISCO, May 18, 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 Soho Resources Corp. (TSX.V: SOH; OTCQX: SOHFF)
as it begins trading on OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Soho Resources is an exploration and mine development company
strategically focused on gold, silver and base metals in the
prolific Sierra Madre Belt of
Mexico. The Company announced
today that it is now trading on the OTC market's highest tier,
OTCQX®.
OTCQX distinguishes the best companies traded over-the-counter
(OTC) from more than 9,000 securities traded on the OTCBB and OTC
Link that are not required to meet any financial standards or
undergo a qualitative review.
Spencer Grimes, Merriman Capital
Managing Director, said: "We are excited about the progress that
Soho Resources' President, Ralph
Shearing, and his team are making in advancing projects in
Mexico, and look forward to seeing
more U.S. investors involved in the Company. Joining OTCQX today is
a great first step."
"We are very pleased to join the impressive and rapidly growing
list of international companies whose shares trade on OTCQX.
In keeping with our commitment to increasing recognition for
Soho Resources outside of Canada,
OTCQX offers U.S. investors greater trading liquidity with an
improved trading platform that is both efficient and transparent,"
commented Ralph Shearing, President
of Soho Resources.
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. Merriman specializes in four industry growth sectors:
Technology, Telecom, Consumer, Media & Internet and CleanTech
Infrastructure. For more information, please go to
http://www.merrimanco.com/. Merriman Capital, Inc. is a member of
FINRA and SIPC.
About Soho Resources Corp.
Soho Resources Corp. (TSX.V: SOH; OTCQX: SOHFF) is an
exploration and mine development company strategically focused on
gold, silver and base metals in the prolific Sierra Madre Belt of Mexico.
The Company has been conducting an exploration and
drilling program to expand and upgrade its resources at its
flagship Tahuehueto Project in Durango State.
On October 4, 2010 Soho announced
the results of a Preliminary Economic Assessment ("PEA") completed
by Snowden Mining Industry Consultants Inc. Key findings from
the report included:
- Potential mine life of greater than 10 years, with mill
operating at full capacity from Year 2 to 8
- Potential mill feed over Life of Mine of 9.0 million tonnes
with average grades of 1.64 g/t Au, 28 g/t Ag, 0.18% Cu, 0.87% Pb
and 1.64% Zn.
- Cinco de Mayo underground
operates over the whole mine life with a steady production rate at
or near 300,000 tonnes per annum
- Creston open pit is mined from
Years 1 to 8
- El Rey and Creston underground
operations commence in Year 6
- A substantial spike in the gold grade during Year 2 of 3.5
g/t
The Tahuehueto Project is a classic epithermal system hosting
multiple structures traced for up to six kilometers of strike
length. The project area has geological similarities to
nearby mines, notably La Cienega,
a polymetallic deposit operated by Penoles, Mexico's largest mining company.
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 28, 2011. 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 28, 2011,
together with this press release and the financial information
contained herein, are available on our website,
www.merrimanco.com. Please click on "Investor
Relations."
SOURCE Merriman Holdings, Inc.