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Rothschild - Franklin Form Alliance Charles Gregoire de Rothschild to Support Franklin's Requirement for $1.3 Billion Project Financing PrintE-mailDisable live quotesRSSDigg itDel.icio.us
Last Update: 8:31 AM ET Mar 27, 2007
LAS VEGAS, NV, Mar 27, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce having finalized an agreement with GDR Privee, a New York City investment bank, to act as financial consultant to the company and assist in securing project funding of $1.3 Billion for mining and energy agreements in Bolivia and a GTL contract in Argentina. Charles Gregoire de Rothschild, GDR Privee Principal, and William A. Petty, Franklin Mining's Consultant, will work together in securing project funding from Mr. Rothschild's domestic and international banking relationships. Jaime Melgarejo, Jr., Franklin President, and Kenneth J. Bock, GDR Chief Executive Officer, will work together to design and implement a financial strategy bringing Franklin to a positive cash-flow position as soon as possible. "We realize that cash-flow is the basis of success for both existing and future projects. With GDR's resources, we feel that some of our projects are now positioned to become fully operational in the near term," Mr. Melgarejo said, adding that he and all Franklin executives and directors are privileged to have formed this alliance. "We look forward to GDR's advice and support as we begin fulfilling our mining and GTL agreements in Bolivia and GTL contract in Argentina and as we develop additional projects throughout South America." About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com. DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
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Franklin Updates First Quarter 2007 Progress
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Last Update: 9:30 AM ET Mar 29, 2007
LAS VEGAS, NV, Mar 29, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) President, Jaime Melgarejo, Jr., is reporting that he feels his company is finishing First Quarter 2007 in exceptionally good shape, well positioned to bring several projects to an operational status. -- The company recently completed negotiations for additional operating capital.
-- Multiple contracts and operating agreements are in place, ready to begin cash-flowing.
-- Project funding necessary to launch construction and development of larger, long-term projects has been identified and is being finalized.
Discussing specifics of Franklin's future, Mr. Melgarejo confirmed that Mr. William Petty is in La Paz, Bolivia where he will negotiate with suppliers to begin the contract for Zinc concentrate. These meetings will lead to Franklin's first cash-flowing project. "We've come a long way since 2003. There were obstacles and set-backs, and we successfully dealt with each of them. Today, Franklin is larger and stronger -- a good company with a great future," concluded Mr. Melgarejo. About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com. DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
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Franklin Mining Consultant William Petty to Discuss Major Financing Plans Exclusive Webcast With www.*************.com PrintE-mailDisable live quotesRSSDigg itDel.icio.us
Last Update: 1:30 PM ET Mar 29, 2007
LAS VEGAS, NV, Mar 29, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce that their Consultant William A. Petty will conduct an exclusive webcast interview with The Green Baron so that FMNJ shareholders and the investment community can learn more about prospects of the company and its recent new financing relationship with New York investment bank GDR Privee. The webcast will be conducted by Evergreen Marketing, Inc. and their subsidiary *************.com and will be available for listening on Monday, April 2, 2007 at www.*************.com. Franklin Mining, Inc. was also selected by The Green Baron Report as a Special Focus Stock Pick. A profile released on Monday, March 26 to its members can now be viewed at www.*************.com by clicking on "Report Archives" and then on the report with New Stock Pick FMNJ. This webcast and a brief profile of FMNJ will be available as well at www.StrictlyStocks.com, "Where Wall Street speaks to the World." About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com. About The Green Baron Report: The Green Baron Report is a subsidiary of Evergreen Marketing. The Green Baron Report is an internet stock market newsletter that focuses on low priced stocks that appear to have significant upside potential. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at http://www.EvergreenMarketingInc.com and http://www.*************.com or http://www.StrictlyStocks.com. Our disclaimer can be viewed at http://www.*************.com/Disclaimer.htm. Investors who wish to receive The Green Baron Report for free can join at http://www.*************.com/Join.htm.Posts: 196 | From: usa | Registered: Feb 2006
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LAS VEGAS, NV -- (MARKET WIRE) -- 04/02/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce that Mr. Melgarejo of Franklin Mining, Inc. and Mr. Kenneth J. Bock of GDR Privée have begun preparing a financial strategy to bring Franklin Mining to a positive cash-flow. "Among our multiple pending projects, Franklin has developed several to the stage that they are now ready to become operational," Mr. Melgarejo said. "We are excited about the opportunity to have Mr. Bock's guidance and GDR Privée's resources assisting us."
Prior to accepting the position as GDR Privée's CEO, Kenneth Bock was Chief Executive Officer of Munich RE and American RE Capital Markets, Inc. from 1999 to 2006. During his twenty-five year career in domestic and international finance, Mr. Bock held executive positions with Goldman Sachs, Paribas Capital Markets, UBS Securities and Morgan Stanley & Company.
Joining Mr. Melgarejo and Mr. Bock will be Dr. Roy Rivas Murillo, Franklin's Senior Financial Analyst. Dr. Rivas, Professor of Financial Engineering, Universidad Autonoma Gabriel Rene Moreno, Santa Cruz, Bolivia, has prepared project funding analysis and use of funds statements for many of Franklin's mining and energy projects in South America.
About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com. __________________
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Franklin Creates Sales & Marketing Division Exclusive Contracts in Bolivia to Generate Immediate Cash Flow
Last Update: 11:28 AM ET Apr 9, 2007
LAS VEGAS, NV, Apr 09, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is announcing that their subsidiary, Franklin Mining, Bolivia S.A, has created a Sales & Marketing Division to handle exclusive contracts to purchase and sell metals, minerals and other goods and services licensed under Bolivia's industrialization law. The Division will not engage in futures contracts but will immediately begin purchasing tin, zinc and silver from the existing inventories and current production of local producers for sale to local and national distributors and manufacturers. Industrial materials sales will be added in the near future. Working from Franklin's Potosi office, the Sales & Marketing Division will be under the management of Dr. Jaime Arancibia Davila, General Manager and Legal Representative, and Mr. Omar Mendez, Franklin Mining, Bolivia S.A. Dr. Arancibia and Mr. Mendez will also oversee Franklin's Pulacayo and Cerro Rico projects from the Potosi office.
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Franklin Mining, Bolivia, S.A. Releases 2007 - 2008 Revenue Projections Sales & Marketing Division Anticipates 2007 Revenues of $2 Million; Gold & Silver Recovered From the Pulacayo Tailings Anticipated to Reach $20.1 Million in 2008
Last Update: 8:32 AM ET Apr 10, 2007
LAS VEGAS, NV, Apr 10, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has released revenue projections for two projects in Bolivia. Franklin Mining Bolivia, S.A.'s Sales and Marketing Division management team will immediately begin purchasing and warehousing tin, zinc and silver from existing inventories and current production of local producers for re-sale to local and national distributors and manufacturers. With sales set to begin in June, monthly revenues are projected to quickly reach $300,000, resulting in 2007's total revenues nearing $2.0 Million. Delivery of gold and silver recovered from the Pulacayo Tailings is set to begin in July 2007. At current market values and using the conservative recovery rates previously announced, Pulacayo's revenues are anticipated to have reached $20,163,710 by December 2008 ($13.2 Million for gold and $6.9 Million for silver). Working from Franklin Mining, Bolivia S.A.'s Potosi office, both projects will be managed by Dr. Jaime Arancibia Davila, General Manager and Legal Representative, and Mr. Omar Mendez, Mining Engineer. For additional information on Franklin's Pulacayo project, please see www.franklinmining.com.Posts: 196 | From: usa | Registered: Feb 2006
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Franklin Mining, Inc. & GDR Privee Arrange $470 Million Debt Financing Franklin Oil & Gas, Argentina, S.A. Will Use Proceeds to Construct Tierra del Fuego GTL Plant Last Update: 11:48 AM ET Apr 12, 2007
LAS VEGAS, NV, Apr 12, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) announces that a debt financing arrangement is being negotiated to provide for the design and construction cost of a 10,000 barrel-per-day gas-to-liquid (GTL) processing facility in Tierra del Fuego, Argentina. These arrangements will provide debt financing in an amount not to exceed the project's anticipated $470 USD million budget. GDR Privee, a New York investment bank with a specialization in debt and asset based financing, is presently negotiating terms and conditions of the financing with third-party institutional lenders. Under Argentina's industrial laws act, the financing is to be structured as a debt instrument secured by product sales contracts and agreements signed by Hugo Cocarro, Governor of Tierra del Fuego, and a 25-year guarantee for the required natural gas resource issued to Franklin Oil & Gas, Argentina S.A. by Cristian A. Folgar, Argentina's National Undersecretary of Fuels. The financing's closing and first draw is expected to take place following acceptance of a final feasibility study. Franklin Mining, Inc.'s President Jaime Melgarejo, Jr., is presently in Argentina meeting with local natural gas producers and other partners prior to preparing the final feasibility study. In discussing today's news, Mr. Melgarejo concluded, "Franklin Mining is pleased to report that GDR Privee has reached this stage in negotiating our financing. When finalized, these funds will enable us to immediately move forward on one of the most exciting new energy projects in South America." About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.Posts: 196 | From: usa | Registered: Feb 2006
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LAS VEGAS, NV, Apr 16, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to provide the following update. Franklin's auditor, Delta Consult Grant Thornton, is projecting they will complete our 2006 audit within two weeks. When received and reviewed by Franklin's Board of Directors, the 2006 financial statements will be released. Delta Consult Grant Thornton is the Bolivian member firm of Grant Thornton International. On February 5, 2007, a NASD member firm filed SEC's Form 15c2-11 on behalf of Franklin Mining, Inc. for the purpose of obtaining an OTC Bulletin Board listing of the company's common stock. The SEC responded to the February filing with questions; a response is in preparation.
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Grant Thornton International Completes 2006 Audit of Franklin's Bolivian Subsidiary Franklin Mining, Inc. Updates Status of 2006 Audit, 15c2-11 and Production in Bolivia
Last Update: 9:18 AM ET May 1, 2007
LAS VEGAS, NV, May 01, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) auditor in Bolivia, Delta Consult Grant Thornton, has delivered the 2006 audit of both of Franklin Mining's two Bolivian subsidiaries. When reviewed and accepted by Franklin's Board of Directors, subsidiary company information will be reflected in the corporation's 2006 Consolidated Financial Statements. The Consolidated Statements will also be included with Franklin's final response to SEC questions concerning the 15c2-11 filing of last February. 2006's Financial Statements will be Franklin's third year of publicly accessible information. Having worked through many difficulties, current directors and executives are confident that Franklin Mining, Inc. has resolved multiple issues and is about to launch its first cash-flowing project in Bolivia. A second round of capital was recently negotiated and, once in place, will permit the acquisition of two processing plants. Delta Consult Grant Thornton ( www.gtbolivia.com) is the Bolivian member firm of Grant Thornton International ( www.grantthornton.com;www.gti.org). About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.Posts: 196 | From: usa | Registered: Feb 2006
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Franklin Mining, Inc. Receives Final Approval at Pulacayo
Last Update: 8:31 AM ET May 17, 2007
LAS VEGAS, NV, May 17, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) subsidiary Franklin Mining, Bolivia S.A. announces they have received final approval for the design to complete a processing plant at the Pulacayo work-site. The production process selected for use at Pulacayo has also been approved by Franklin Mining, Inc. management after being determined to be in compliance with all mandated environmental requirements. Obtaining final approval of the plant design was delayed for almost nine months due to management difficulties within Franklin Mining, Bolivia S.A. that are now resolved. The processing plant, to be erected under the direction of Ing. Walter Lesteros, is a design developed and widely used throughout Peru's mining industry. Management anticipates the plant will initially process a minimum 200 tons per day, quickly increasing daily production to 400 tons. About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.Posts: 196 | From: usa | Registered: Feb 2006
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Franklin Continues Developing Bolivian Projects
Last Update: 9:16 AM ET May 23, 2007
LAS VEGAS, NV, May 23, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) subsidiary Franklin Mining, Bolivia S.A. continues to develop multiple projects in Bolivia and is pleased to be able to issue this update on the status of current projects. Delta Consult Grant Thornton International recently completed a special audit of Franklin Mining, Bolivia's incoming and outgoing cash between June 2004 and June 2006. This special audit was requested to insure that all internal policies and procedures had been followed. Franklin Mining, Inc. management used the Delta Consult Grant Thornton International special audit report as a guide in modifying both staff and internal operations to insure the subsidiary company is equipped and prepared to meet the challenges of the coming years. Franklin Mining, Bolivia S.A. continues working with CENTROMIN engineers and technical staff as installation, procurement and production timelines at the Pulacayo processing plant are reviewed and implemented. Obtaining final approval of the plant's design was delayed for almost nine months due to management difficulties within Franklin Mining, Bolivia S.A. that are now resolved. The processing plant, to be completed under the direction of Ing. Walter Lesteros, is a design widely used throughout Peru's mining industry. Management anticipates the plant will initially process a minimum 200 tons per day. Franklin Mining, Inc. CEO Jaime Melgarejo, Jr. and members of the Franklin Mining, Bolivia S.A. staff will travel to Cerro Rico de Potosi on Friday, May 25, 2007, to meet with COMIBOL personnel as they perform a final evaluation of recently submitted production studies for Franklin's plan to begin mining operation at this historic site. Dr. David Roy Rivas Murillo has resigned his appointment as Senior Financial Analyst.
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Man... this one had gr8 potential untill the DICKTATOR took control.... excuse the spelling :}
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Cerro Rico de Potosi Evaluation Meetings Are Complete; Franklin Mining, Bolivia S.A. and COMIBOL Officials Evaluate Production Plan
last Update: 9:10 AM ET May 31, 2007 LAS VEGAS, NV, May 31, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce that CEO Jaime Melgarejo, Jr. and Franklin Mining, Bolivia S.A. senior managers and engineers have concluded their meetings with COMIBOL personnel in Potosi, Bolivia, site of the historic Cerro Rico Silver Mine. The purpose of these meetings was to complete a final review and evaluation of Franklin Mining, Bolivia's production studies by COMIBOL engineers and technicians. The joint review and evaluation was necessary prior to COMIBOL's approval of processes and equipment scheduled for use when Franklin begins their scheduled mining operations at Cerro Rico. A major part of the evaluation was an inspection of Franklin's assigned Cerro Rico veins and other sites chosen for location of equipment. COMIBOL's final permission for Franklin to begin mining operations at Cerro Rico de Potosi is expected to be received in approximately three weeks.
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Buenos Aires Office Established for Franklin Oil & Gas, Argentina S.A. TECNA Group Delivers Proposal to Prepare Feasibility Study for First GTL Plant in Argentina's Tierra del Fuego Province
Last Update: 8:32 AM ET Jun 11, 2007
LAS VEGAS, NV, Jun 11, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has confirmed that offices have been opened in Buenos Aires, Argentina for the subsidiary company, Franklin Oil & Gas, Argentina S.A. During a visit to Argentina in May 2007, Franklin Mining CEO, Jaime Melgarejo, Jr, began the process of reviewing construction sites for the first gas-to-liquid plant in the Province of Tierra del Fuego. Mr. Melgarejo also confirms that Franklin has received a proposal from TECNA Group for preparation of the GTL plant's feasibility study and that he and other Franklin executives have met with representatives of TECNA to review and discuss their proposal. TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. TECNA's offices in the cities of Santa Cruz, Bolivia, Buenos Aires, Argentina and Houston, Texas provide ease of access and frequent direct communication between Franklin and TECNA executives. With thirty-three years international oil and gas experience and a workforce including more than 600 professionals, TECNA has the experience and resources required to assume responsibility for every stage of an energy project from the feasibility study to the conceptual design, construction and on through start-up, operation and maintenance.
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Cerro Rico and Pulacayo Projects Receive the Support of Bolivian Mine Workers last Update: 8:56 AM ET Jun 19, 2007 LAS VEGAS, NV, Jun 19, 2007 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO, Jaime Melgarejo, Jr, is pleased to announce that Franklin Mining, Inc. consultant William Petty has concluded a series of meetings with Pedro Montes Gonzales, Executive Secretary, Central Obrera Boliviana. In these meetings, Franklin Mining was, again, assured of the continued full support of all joint-venture projects with COMIBOL, the Mining Corporation of Bolivia. Central Obrera Boliviana (COB) is the center of Bolivia's trade unions. With 2.5 million members, COB represents every major trade in Bolivia including FSTMB (Union Federation of Mine Workers of Bolivia). About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.Posts: 196 | From: usa | Registered: Feb 2006
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