Solid Resources To Commence Trading on the United States OTCQX on Thursday, August 25, 2011
VANCOUVER, Aug. 25, 2011 /CNW/ --
TSXV: SRW
FRANKFURT: YRS
VANCOUVER, Aug. 25, 2011 /CNW/ - Solid Resources Ltd. ('SOLID' or the
'Company') (TSX-V: SRW) (Frankfurt: YRS) is pleased to announce that the Company's common shares will be trading the OTCQX, the
premier tier of the OTC market in the United States. The ticker symbol
is 'SLDRF'. OTCQX securities are quoted on the OTC Link platform. U.S.
investors will be able to find the Company's current financial
disclosures, news releases, and real-time level 2 quotes on www.OTCQX.com and www.OTCMarkets.com.
'There are a growing number of American investors who are following
Solid Resources,' stated Greg Pendura, President and CEO. 'The enriched
trading platform provided by OTCQX will better serve these investors,
while allowing Solid with a cost-effective method of accessing U.S.
capital markets.'
'The OTCQX platform supports a transparent marketplace with high quality
issuers, financial information disclosure and efficient trading for
U.S. investors,' said R. Cromwell Coulson, President and Chief
Executive Officer of OTC Markets Group. 'We are pleased to welcome
Solid Resources to OTCQX.'
About the OTCQX
The OTCQX is the most prestigious of the three OTC tiers and is
recognized as a quality-controlled marketplace for investor-friendly
companies. The OTC market is the world's largest electronic marketplace
for broker-dealers to trade over 10,000 unlisted securities. In 2010,
securities on the OTC platform traded over $144 billion in dollar
volume.
Solid Resources has engaged the services of Merriman Capital, Inc., a
wholly-owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR), a
financial services firm based in San Francisco focused on fast-growing
companies and the institutions that invest in them, to serve as the
Company's Principal American Liaison ('PAL'), responsible for providing
guidance on OTCQX requirements. Merriman Capital, Inc. is a member of
FINRA and SIPC.
About Solid Resources:
Solid Resources is a Canadian junior mining company focusing on the
exploration and development of rare and precious metals and industrial
commodities worldwide. The Company is currently quantifying the
presence of tantalum, tin, lithium and other rare minerals on its
property in north-western Spain. In addition, further exploratory work
is being conducted on its gold, copper concession in the Province of
Ayabaca in northwest Perú.
Certain statements contained in this press release, including statements
which are related to exploration activity and future prospects and
profitability and which may contain words such as 'could', 'should',
'expect', 'believe', 'will' and similar expressions and statements
relating to matters that are not historical facts are forward-looking
statements. Such forward-looking statements involve known and unknown
risks and uncertainties which may cause the actual results,
performances and/or achievements of Solid to be materially different
from any future results, performances or achievements expressed or
implied by such forward-looking statements. Such factors include
fluctuations in the market conditions and prices of tantalum, lithium,
tin, and other metals and related products and services; competition;
political and economic conditions in countries in which Solid does
business; changes in laws and regulations, including environmental
regulations, to which Solid is subject, and other factors which are
described in further detail in Solid's filings with the Canadian
Securities Regulators.
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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/25/c5662.html
Solid Resources Ltd Greg Pendura President & CEO Solid Resources Ltd. Ph: (780) 800-0726 www.solidresources.com | | | The Howard Group Inc. Investor Relations Dave Burwell Toll Free: 1-888-221-0915 Ph: (403) 410-7907 Email: info@howardgroupinc.com www.howardgroupinc.com |