SAN FRANCISCO, Feb. 25, 2011 /PRNewswire/ -- Merriman Capital,
Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq:
MERR), announced today that it will serve as the Principal American
Liaison (PAL) for Musgrove Minerals Corp. (TSXV: MGS; OTCQX: MGSGF)
as it lists on OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Musgrove Minerals is a Canadian-based mining and exploration
company with four advanced exploration-stage projects in
the United States and Mexico. 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: "Musgrove's listing on the OTCQX today is
a great platform for them to access US retail and Institutional
investors. We are pleased to serve as their Principal
American Liaison in this effort."
"We are excited to be trading on the OTCQX board and believe it
will enhance our visibility in the US market," commented Musgrove
Minerals President Jack Bal.
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/. Merriman Capital, Inc. is a
member of FINRA and SIPC.
About Musgrove Minerals Corp.
Musgrove Minerals Corp. (TSXV:MGS; OTCQX:MGSGF) is a
Canadian-based mineral-exploration resource company. The
Company is currently exploring four advanced exploration-stage
projects: the Musgrove Gold Project, the Empire Mine Project,
Charay Gold Project, and the Vianey Mine Silver Project. The
Musgrove Project is a prospect for a disseminated gold bulk-tonnage
surface project similar to the Beartrack Mine, a nearby former gold
producer. The Empire Mine Project is a polymetallic skarn
deposit containing copper, zinc, gold, and silver located in the
Alder Creek Mining District in Custer
County, Idaho. The mine is located on the east-facing
slope of the White Knob Mountains approximately three miles west of
Mackay, Idaho. The Property
consists of 26 patented mining claims, six mill-site claims, and 21
unpatented mining claims. The Charay property consists of
concessions totaling 11,380 hectares, located in Sinaloa, Mexico. The Company owns 50% of
the Vianey Mine Project consisting of concessions totaling 5,022
hectares in Guerrero State,
southwest of Mexico City,
Mexico.
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.merrimanco.com. Please
click on "Investor Relations."
SOURCE Merriman Holdings, Inc.