Franklin Mining, Inc. Closes on Negotiation for Capital and Project Funding Through Notable Saudi Investment Group of California
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.
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