SAN FRANCISCO, Jan. 18, 2012 /PRNewswire/ -- Merriman
Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc.
(OTCQX: MERR), today announced that it will serve as the new
Principal American Liaison (PAL) for Carbon Energy Limited (OTCQX:
CNXAY; ASX: CNX), sponsoring the Company's American Depositary
Receipts (ADRs) on OTCQX®.
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Carbon Energy is a world leader in advanced coal technology. The
Company's business is transforming stranded coal resources into
high-value fuels with lower carbon emissions to meet the increasing
global demand for new, low cost, alternative energy sources. The
Company announced today that Merriman Capital is now sponsoring the
trading of its ADRs, each representing 20 ordinary shares, 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, Head of the
Capital Markets Advisory Group at Merriman Capital, said: "We are
excited to serve as Carbon Energy's PAL on OTCQX. Carbon Energy's
underground coal gasification technology could help tap a
significant new source of clean energy, and we look forward to
partnering with the Company in its outreach to U.S. investors."
Carbon Energy Managing Director, Andrew
Dash, said: "Carbon Energy's quotation on OTCQX should
provide the Company with more exposure to U.S. investors. We
are looking forward to working with Merriman Capital, which we have
retained to provide a suite of services including the PAL
compliance function."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing
equity and options execution services, market making, and
differentiated research for high growth companies. We also provide
capital raising, advisory, and M&A services. Merriman Capital,
Inc. is a wholly owned subsidiary of Merriman Holdings, Inc.
(OTCQX: MERR) and is the leading investment banking firm for OTCQX
companies. For more information, please go to
http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member
of The Financial Industry Regulatory Authority (FINRA)
http://www.finra.org/ and the Securities Investor Protection
Corporation (SIPC) http://www.sipc.org/contact.cfm.
About Carbon Energy Limited
Carbon Energy is a world leader in advanced coal technology. The
Company's business is transforming stranded coal resources into
high-value fuels with lower carbon emissions to meet the increasing
global demand for new, low cost, alternative energy sources.
Carbon Energy is headquartered in Brisbane, Australia and listed on the
Australian Securities Exchange (ASX). The Company also has an
office in New York and is quoted
on OTCQX International (CNXAY).
The Company's proprietary technology, keyseam® is an innovation
in underground coal gasification (UCG), incorporating a unique site
selection methodology and advanced geological and hydrological
modeling. Keyseam® maximizes resource efficiency, extracting up to
20 times more energy from the same resource than coal seam gas,
while minimizing surface disturbance and preserving groundwater
quality.
Carbon Energy's technological advantage comes from its
association with Australia's
premier research agency, CSIRO, which includes world-class
geotechnical, hydrological and gasification modeling
capabilities.
Carbon Energy is building an international portfolio of coal
assets suitable for keyseam® and accessible to high-value markets.
The Company has resources and rights to coal assets in projects
across Australia, Chile, United
States and Turkey.
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 and our Form 10-Q filed on
November14, 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 and 10-Q filed on November
14, 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.