Stronghold Metals Inc. (TSX VENTURE:Z)(FRANKFURT:E9X) announced 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.”
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