SAN FRANCISCO, Jan. 4, 2012 /PRNewswire/ -- Merriman Capital,
Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX:
MERR), today announced that it will serve as the Principal American
Liaison (PAL) for Sutter Gold Mining Inc. (OTCQX: SGMNF; TSX-V:
SGM) as it begins trading on OTCQX®.
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Sutter Gold is a growth-oriented
exploration and development company preparing to become a North
American gold producer. 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, Head of Capital
Markets Services at Merriman Capital, stated: "Sutter Gold is an ideal candidate for OTCQX as
they expand their U.S.-based operations. We look forward to helping
the Company increase its visibility among American investors."
"Joining OTCQX is an important milestone for Sutter Gold," said Leanne Baker, President and CEO of Sutter Gold
Mining Inc. "Our flagship project, the Lincoln Project in
Amador County, California, is
advancing towards production in 2012. Trading on OTCQX will
enhance the ability of the U.S. investment community to trade our
shares as we bring online the first commercial gold mine in
California's historic Mother Lode
in more than 50 years."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing
equity and options execution services, market making, and
differentiated research for high growth companies. We also provide
capital raising, advisory, and M&A services. Merriman Capital,
Inc. is a wholly owned subsidiary of Merriman Holdings, Inc.
(OTCQX: MERR) and is the leading investment banking firm for OTCQX
companies. 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 Sutter Gold Mining Inc.
Sutter Gold is a growth-oriented
exploration and development company preparing to become a North
American gold producer. The Company has two projects: the Lincoln
Project located in Amador County,
California and the Santa Theresa Project located in the
Northern Baja region of
Mexico. Currently, the Company's
primary focus is the evaluation and development of the Lincoln
Project, beginning with the shallow portion of the Lincoln-Comet
ore zone of the Lincoln Project, located on the California Mother
Lode Gold Belt. The Lincoln-Comet and Keystone zones have a NI
43-101 compliant Indicated Resource estimate (completed in
February 2008) of 612,400 tonnes
(673,600 tons) grading 11.3 g/t Au (0.33 oz/ton) containing 223,000
ounces of gold and Inferred Resources of 2,161,700 tonnes
(2,377,900 tons) grading 6.6 g/t Au (0.19 oz/ton) containing
458,900 ounces of gold.
Sutter Gold currently controls
approximately 3.6 miles of the Mother Lode of Amador County, with 90% of the property still
unexplored. Potential exists both at depth and along strike of the
known mineralized zones on both the footwall and hanging wall. The
120-mile long Mother Lode Gold Belt produced over 13 million ounces
of gold historically with 7.9 million ounces originating from the
10-mile long segment between Jackson and Plymouth where the Lincoln Project is
strategically located. Properties under the Company's control
include seven historic mines with significant historic gold
production totaling over 3.5 million ounces or 27% of the historic
gold production from the Mother Lode. Historic mines located north
and south of the Lincoln Project in the Jackson to Plymouth segment of the Mother Lode success
fully mined gold to depths of 4,500 and 6,300 feet,
respectively.
In Mexico, Sutter Gold holds the rights to the geologically
similar, high-grade El Alamo
district of northern Baja, where
historic mining to the water table produced mined grades of 30 to
60 g/t gold. Initial exploration with its joint-venture partner,
Premier Gold, has demonstrated the extension of high-grade
veins.
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
November14, 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, 2011and 10-Q filed on November
14, 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.