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®.
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.
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.