NEW YORK, Jan. 5, 2012 (GLOBE NEWSWIRE) -- Mustang Alliances Inc (the "Corporation") (OTCBB:MSTG) is pleased to announce that its common stock is now trading on the OTC Bulletin Board (OTCBB) under the trading symbol "MSTG."
Effective January 4, 2012, the OTC Bulletin Board declared that Mustang's securities were eligible for quotation on the OTCBB. "We are pleased to announce that our securities were cleared to be quoted by participating market makers," said Leonard Sternheim, chief executive officer of Mustang. "Our OTCBB listing will allow us to more effectively pursue increased exposure of the company to the investment community. Our qualification for listing underlines Mustangs's commitment to corporate development."
The Company has been current on all its filings and has been eligible to trade on the OTCBB. However, due to issues related to the market makers that quote on the OTCBB, the Company, together with hundreds of other companies, stopped being quoted on the OTCBB in February 2011. The issues were rectified and once again the Company's stock has been qualified for trading on the OTCBB.
The OTCBB is a regulated quotation service that offers real-time quotes, last sales prices and volume information in over-the-counter equity securities. More information about the OTCBB and a quotation for MSTG is available on the Internet at www.otcbb.com.
ABOUT MUSTANG ALLIANCES INC.
Mustang is a junior mining company with a focus on the acquisition and development of precious metals properties in Honduras. Mustang has 5 concessions totaling 4,400-hectares under agreement in the Choluteca District of Honduras. Concessions are on trend to several world class gold mines in the Central American gold belt, such as the El Limon mine, Nicaragua, that has produced over 3 Million Ounces of gold to date. The Mustang Concessions are in an area that has been actively worked by artisanal miners for the past 200 years.
Certain statements in this announcement including statements such as "believes," "anticipates," "expects" and all similar statements regarding future expectations, objectives, intentions and plans for mineral exploration, development and production may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Mustang Alliances to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The various uncertainties, variables, and other risks include those discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-KSB, for the year ended December 31, 2010 and its Quarterly Report on Form 10-Q for the period ended June 30, 2011. Mustang Alliances Inc. undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.
For further information, please visit our website at www.mustang-gold.com or contact Leonard Sternheim at +1(646) 504-4131 or email IR@mustang-gold.com