Stronghold Metals to Commence Trading on the United States OTCQX on Wednesday, September 14, 2011
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/13/11 -- Stronghold Metals Inc. ('Stronghold' or the 'Company') (TSX VENTURE: Z)(FRANKFURT: E9X) - The Company is pleased to announce that on Wednesday, September 14, 2011, Stronghold's common shares will commence trading in United States and on the OTCQX International, the highest tier of the over-the-counter ('OTC') market, under the symbol 'SDMTF'.
Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com. Merriman Capital, Inc. will serve as Stronghold Metals' Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
The OTCQX is the most prestigious of the three tiers of the OTC and is recognised as a quality-controlled marketplace in the United States. The OTCQX International is fully electronic and provides foreign companies access to U.S. investors, without the duplicative regulatory costs required of listing on a traditional U.S. exchange. The OTCQX platform offers investors transparent trading, superior information, and easy access through their U.S. regulated broker-dealers. Investors prefer the quality-controlled admission process on OTCQX, which identifies the segment of OTC-traded companies focused on valuation and transparency. In 2010, securities on the OTC platform traded over $144 billion in dollar value.
Yannis Tsitos, President and CEO of Stronghold Metals stated: 'We are very pleased that we are joining the top tier OTCQX trading platform and the impressive list of international companies whose shares trade on this Exchange; a list of companies which range from the giants Allianz, Air France KLM and Adidas Group to B2 Gold and MBAC Fertilizer Corp among others from the mining spectrum. During 2011, we have noticed that a growing number of American investors is enquiring about and following Stronghold Metals. With this listing, we are showing our commitment to the U.S. investors who after all will have easier access to our stock, as well as greater transparency in their trades. We are also excited that Merriman Capital Inc. will become our Principal American Liaison; our Company's Board and our management team are welcoming this partnership.'
About Stronghold Metals Inc.
Stronghold Metals Inc. (TSX VENTURE: Z)(FRANKFURT: E9X) trades in Canada on TSX Venture under the symbol 'Z', in the United States on OTCQX under the symbol 'SDMTF' and in Germany under the symbol 'E9X'. Stronghold Metals Inc. is a mining exploration company based in Vancouver, BC, and it focuses on the discovery, exploration and mining of gold, copper and other metals in South America. Stronghold is currently active and holds subsidiaries in Guyana, Brazil and Chile. Stronghold's management team and Board of Directors are comprised of experienced geo-scientists and financiers who have a proven track record of discovering and developing mines. The Company is currently focusing all its resources on its flagship property, the Eagle Mountain Gold Project in Guyana, which has an NI 43-101 compliant resource estimate of 733,500 ounces of gold, based on approximately 25,000 meters of drilling. Stronghold aims to expand that number with a 15,000 meters drill program that is currently being conducted. To learn more about Stronghold Metals Inc., visit www.strongholdmetals.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol 'MERR'. Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and Clean Tech Infrastructure. For more information, please go to www.merrimanco.com. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) www.finra.org and the Securities Investor Protection Corporation (SIPC) www.sipc.org/contact.cfm.
On behalf of The Board of Directors of Stronghold Metals Inc.
Ioannis (Yannis) Tsitos, President, CEO & Director
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements.
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:
Stronghold Metals Inc.
Ioannis (Yannis) Tsitos
President, CEO & Director
1 604.806.0916
1 604.806.0956 (FAX)
www.strongholdmetals.com