LAS VEGAS, Nov. 15, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ) is pleased to announce that after a number
of months undergoing Due Diligence, the Company has secured a
funding source through a Noteworthy Saudi Investment Group based
out of California that will enable
the Company to begin generating revenue through the completion of a
segment of excavation projects.
This agreement will provide Franklin Mining with the working
capital required to launch production on the Escala property. The
relationship will not only allow the Company to begin generating a
revenue, but will also bring a newly appointed President and Vice
President to the Company's Management team, and a new member to
Franklin Mining's Board of Directors.
Chief Executive Officer, William
Petty will remain fully active in his capacity as CEO and
Chairman. He has been very instrumental in the on-site operations
and formation of strategies, and will continue to manage operations
and collaboration with the local Bolivian Cooperatives.
"We are very happy with the outcome of this negotiation. We
expect that this relationship will enable the Company to prosper
and rise to the next level. This gives us the highly anticipated
opportunity to facilitate a solid launch for production, the first
step in generating a robust and ongoing revenue stream," stated Mr.
William Petty, CEO and President of
Franklin Mining, Inc.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a
publically traded international exploration and mining company,
headquartered in Las Vegas,
Nevada, with offices in Santa
Cruz, Bolivia. The Company adheres to the highest
standards of quality and efficiency by optimizing the Company's
resources through a system which places the preservation of the
environment among the Company's top objectives. Franklin
Mining, Inc. endeavors to find value in fields in which the
projects can be explored and exploited while contributing to the
socio-economic and cultural development of its society. The Company
has developed model mining operations through safe, cost effective
and innovative technologies. Franklin Mining Inc. has purposed to
uphold a great social commitment and respect for the environment
while creating a robust value for its shareholders, employees, and
the region within which it operates. Additional information can be
found at the Company's corporate website:
www.FranklinMining.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
