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®.
(Logo:
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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).
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
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.