Franklin Mining, Inc. Announces Reorganization Plan
Management Reorganization Plan Aimed at Aligning the Company's Executive Staff and Operating Units with Core Market Sectors
LAS VEGAS, April 23, 2013 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ OTC:BB - News) – CEO William Petty has today announced a management reorganization designed to align Company Executives, Staff, and Operating Units, with core minerals and metals market sectors for each of its areas of operation.
In discussing the reorganization, Mr. Petty confirms that Mustafa Dar has been removed as President. Mr. Dar joined the Company in October 2011 and served as President during a critical period of Franklin's corporate restructuring. With the recently completed infrastructure improvements at the Company's primary mining operations in the Republic of Bolivia, today was the appropriate opportunity for Franklin to announce its search for an experienced mining executive to serve as President. In addition to his role as Chairman and CEO, Mr. Petty will serve as President until the search is complete.
In order to focus on all mining operations in the Republic of Bolivia, Mr. Beltran has been reassigned to the position of Controller, Franklin Mining, Bolivia. Mr. Beltran had previously served as Chief Financial Officer, Franklin Mining, Inc.
In confirming today's announcements, Mr. Petty expressed his appreciation to both Mr. Dar and Mr. Beltran for their service to the Company and assistance to him, personally, as Franklin has during the past two years achieved several key goals.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a publicly 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.
SOURCE Franklin Mining, Inc.
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