Formation Metals Commences Trading on the OTCQX Market
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/29/12 -- Formation Metals Inc. (TSX: FCO)(OTCQX: FMETF) ('Formation') (the 'Company') announced today that the Company's shares have commenced trading on the OTCQX®, the United States Over-the-Counter (OTC) market's highest tier, under the symbol FMETF.
Current financial disclosures, news releases and Real-Time Level 2 quotes for the Company's shares can be found on www.otcqx.com and on www.otcmarkets.com. Merriman Capital, Inc. is serving as Formation's Principal American Liaison ('PAL') on the OTCQX, and is providing the Company with guidance on U.S. securities laws and on OTCQX requirements.
Mari-Ann Green, CEO of Formation Metals commented, 'This trading platform will provide our growing list of U.S. investors effective and transparent access to trading the Company's shares and we are pleased to join the impressive list of major international companies whose shares trade on the OTCQX.' She continued, 'Our management team also welcomes our PAL Merriman Capital, and looks forward to working with them as part of our team.'
About Formation Metals Inc.
Formation is a well-established mineral exploration, development and refining company developing their shovel ready, 100% owned, primary Idaho Cobalt Deposit currently under construction. Through its wholly owned subsidiaries, Formation has additional interests in base, precious metal and uranium projects in Canada, the United States and Mexico.
About the OTCQX
OTCQX is the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. For investor-friendly companies that qualify, OTCQX® offers a quality-controlled platform, a suite of customized services, and a community of professional advisors that guide them as they grow their companies.
About Merriman Capital, Inc.
Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
FORMATION METALS INC.
Mari-Ann Green, C.E.O.
This press release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on the Company is available at www.sedar.com.
The statements contained in this news release in regard to Formation Metals Inc. that are not purely historical are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
Contacts:
Formation Metals Inc.
E.R. (Rick) Honsinger, P.Geo.
V.P. Corporate Communications
604-682-6229
inform@formationmetals.com
www.formationmetals.com