ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SOH Soho Resources Corp.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
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
  0.00 0.00% 0 -

Soho Retains Merriman Capital to Pursue Listing on the OTCQX

19/04/2011 3:52pm

Marketwired


Soho Resources Corp. (TSXV:SOH)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Soho Resources Corp. Charts.

Soho Resources Corp (TSX VENTURE: SOH) ("Soho" or the "Company") is pleased to announce that the Company has retained financial services firm Merriman Capital, Inc. to pursue a listing on the OTCQX. Soho currently trades on the TSX Venture Exchange under the ticker symbol SOH and a dual listing on the OTCQX would broaden the market to include investors in the United States.

The OTCQX is a premium market tier known within the industry for maintaining rigid listing standards for growth oriented companies that trade on its exchange. Pending approval, Soho's listing on the OTCQX is expected to be completed during the second quarter of this year.

"With the enhanced U.S. based trading platform offered by the OTCQX, we are pleased to be able to better serve our growing number of U.S. investors who are following Soho Resources," said Ralph Shearing, President and CEO of Soho.

The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers, while Merriman's blend of investment banking, equity research and financial marketing services has a proven track record of success in elevating the profile of their client companies. "We are looking forward to higher visibility in the largest market in the world and look forward to working with Merriman Capital in this regard." Merriman Capital, Inc. is a wholly-owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR; Member FINRA/SIPC); for further information, please visit their website at www.merrimanco.com.

About Soho Resources Corp

Soho Resources Corp. is an exploration and 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 and on October 4, 2010 announced the results of a Preliminary Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. Key findings from the report included:


---------------------------------------------------------------------------
                          Summary of PEA Estimates
---------------------------------------------------------------------------
Net cash flow                                $US 184.2 million
---------------------------------------------------------------------------
Net present value (NPV) 5% discount          $US 109.6 million
---------------------------------------------------------------------------
Internal rate of return %                    31%
---------------------------------------------------------------------------
Payback period (months)                      27
---------------------------------------------------------------------------
Mine life (years)                            11
---------------------------------------------------------------------------
Maximum processing rate (tonnes/annum)       1,000,000
---------------------------------------------------------------------------
Capital and start-up costs                   $US 89.1 million
---------------------------------------------------------------------------
Note: Calculations based on these 3 year rolling average metal prices as of
the end of August 2010.  Currency - $US

Gold 965.81, Silver 15.38, Copper 2.92, Lead 0.95, Zinc 0.88

The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometers of strike length. Considerable upside exploration potential remains on the existing explored resource structures both down dip and along strike, as well as on numerous other unexplored mineralized structures.

Qualified Persons

This press release was prepared under the supervision and review of Ralph Shearing, President and CEO of Soho Resources Corp., a Licensed Geologist, and Qualified Person as defined by NI 43-101.

Definitions used in this release are consistent with those adopted by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Council in December 2005, as amended, and prescribed by the Canadian Securities Administrator's National Instrument 43-101 and Form 43-101F1, Standards of Disclosure for Mineral Projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS

Ralph Shearing, Chief Executive Officer

WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Soho Resources Corp. relies upon litigation protection for forward-looking statements.

Shares Issued - 185,533,676

Last Close $0.10 - April 18, 2011

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts: Soho Resources Corp. Mr. Glen Sandwell (604) 684-8071 or Toll Free: 1-800-685-0576 ir@sohoresources.ca www.sohoresources.ca

1 Year Soho Resources Corp. Chart

1 Year Soho Resources Corp. Chart

1 Month Soho Resources Corp. Chart

1 Month Soho Resources Corp. Chart

Your Recent History

Delayed Upgrade Clock