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Share Name | Share Symbol | Market | Type |
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Soho Resources Corp. | TSXV:SOH | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
SAN FRANCISCO, May 18, 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 Soho Resources Corp. (TSX.V: SOH; OTCQX: SOHFF) as it begins trading on OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Soho Resources is an exploration and mine development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico. 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: "We are excited about the progress that Soho Resources' President, Ralph Shearing, and his team are making in advancing projects in Mexico, and look forward to seeing more U.S. investors involved in the Company. Joining OTCQX today is a great first step."
"We are very pleased to join the impressive and rapidly growing list of international companies whose shares trade on OTCQX. In keeping with our commitment to increasing recognition for Soho Resources outside of Canada, OTCQX offers U.S. investors greater trading liquidity with an improved trading platform that is both efficient and transparent," commented Ralph Shearing, President of Soho Resources.
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. Merriman specializes in four industry growth sectors: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to http://www.merrimanco.com/. Merriman Capital, Inc. is a member of FINRA and SIPC.
About Soho Resources Corp.
Soho Resources Corp. (TSX.V: SOH; OTCQX: SOHFF) is an exploration and mine development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico.
The Company has been conducting an exploration and drilling program to expand and upgrade its resources at its flagship Tahuehueto Project in Durango State.
On October 4, 2010 Soho announced the results of a Preliminary Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. Key findings from the report included:
The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometers of strike length. The project area has geological similarities to nearby mines, notably La Cienega, a polymetallic deposit operated by Penoles, Mexico's largest mining company.
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. 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, 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.
Copyright 2011 PR Newswire
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