SAN FRANCISCO, Feb. 8, 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 Medallion Resources Ltd. (TSXV: MDL; OTCQX:
MLLOF) as it lists on OTCQX®.
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Medallion Resources is a junior resource company exploring for
large, low-cost "heavy" rare-earth-element (REE) deposits with a
clear metallurgical path and cost-effective infrastructure.
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: "As Medallion and rare earth elements
continue to garner investor attention, it's important for the
Company to be listed in the United
States. By joining the OTCQX today, Medallion Resources is
well positioned to this end. We are happy to serve as their
PAL."
"We are very pleased to join the impressive and rapidly growing
list of international companies whose shares trade on the OTCQX. In
keeping with our commitment to increasing recognition for Medallion
outside of Canada, our OTCQX
listing offers U.S. investors greater trading liquidity with an
improved trading platform that is both efficient and transparent,"
commented Medallion President Donald
Lay.
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/.
About Medallion Resources Ltd
Medallion Resources Ltd. (TSXV: MDL, OTCQX: MLLOF) explores
large, low-production-cost, heavy-rare-earth-element (REE) deposits
with straightforward metallurgy and cost-effective infrastructure.
Headed by Dr. Bill Bird and
supported by a technical team second to none, the company is
well-positioned to efficiently evaluate the best prospective REE
projects. REE's are essential for many products and
applications including wind turbines, electric and hybrid vehicles,
super magnets, and all modern electronics.
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.mcfco.com. Please click on "Investor
Relations."
SOURCE Merriman Holdings, Inc.