SAN FRANCISCO, May 20, 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 Tosca Mining Corp. (TSX.V: TSQ; OTCQX: TSMNF) as
it begins trading on OTCQX®.
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Tosca Mining is focused on exploration and development
properties in North and South
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: "Tosca Mining's Red Hills copper and molybdenum property in
Texas makes it natural for the
Company to increase its exposure to U.S. investors. Joining
OTCQX does exactly that, and we are excited to help them in this
process."
"Tosca Mining is excited to be trading on OTCQX, which will
allow us enhanced investor coverage, including specific U.S.
coverage, which we previously did not have. With our
Red Hills Copper/Moly property being
located in Presidio County, Texas,
and a work program just starting, joining OTCQX will allow U.S.
investors much easier access to our Company. We thank
Merriman Capital for their professional support and assistance
through this process," commented Ron
Shenton, President of Tosca Mining.
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 Tosca Mining Corp.
Tosca Mining Corp. (TSX.V: TSQ; OTCQX: TSMNF) is focused on
exploration and development properties in North and South America. The Company's goal is to
acquire properties that are advanced and can be brought to the
development stage within a short time frame. The Company
relies on its directors' expertise and previous successes in
exploration and mine development.
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.