SAN FRANCISCO, Sept. 23, 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 Next Gen Metals, Inc. (TSXV: N; OTCQX: NXTTF) as it begins trading on OTCQX®.
Next Gen Metals is a mineral exploration company whose current focus is on silver, gold and base metals projects in North America. 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: "After working with Fire River Gold, we are proud to partner again with Harry Barr and another member of the International Metals Group as Next Gen Metals starts trading on OTCQX. This is an important step in increasing their exposure to U.S. investors, and we are excited to help them in this effort."
Harry Barr, President and CEO of Next Gen Metals, stated: "We are pleased to be able to better serve the growing number of U.S. investors following Next Gen Metals with the enhanced U.S.-based trading platform offered by OCTQX, and the advisory services offered by both Merriman Capital, Inc. and Moody Capital LLC. OTCQX continues to earn a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers. We believe that trading on OTCQX is in the best interest of our shareholders and will better enable the Company to raise additional capital to further develop its projects and provide additional market liquidity."
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol "MERR."
Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. 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 Next Gen Metals, Inc.
Next Gen is a mineral exploration company whose current focus is on silver, gold and base metals projects in North America. In addition to the current acquisition of the Destiny Gold project, located in the Abitibi Greenstone Belt of Northwest, the Company is presently advancing the Silver Chalice Project, located in Alaska, and the Fate Gold Project located in the Abitibi Greenstone Belt of Northwest Quebec, which is one of the most famous gold and base metals regions in the world. The Company is presently advancing the Fate Gold Project, adjacent to the Destiny project, and the Silver Chalice Project, located in Alaska. The Company continues to aggressively identify and negotiate for additional advanced-stage silver, gold and base metal projects on an international scale.
Next Gen is the newest company to join the International Metals Group. The Board of Directors is comprised in part with directors from other companies within the International Metals Group ("IMG") (www.internationalmetalsgroup.com), who, along with management, have a combined 150 years or more of experience in all aspects of managing public companies related to the resource industry.
Next Gen Metals is an International Metals Group Company (www.nextgenmetalsinc.com).
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 August 15, 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 August 15, 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.