LAS VEGAS, June 5, 2013 /PRNewswire/ -- FRANKLIN MINING, INC. (OTC PINK: FMNJ) today announced that all parties have reached an agreement returning Franklin Oil and Gas, to Franklin Mining, Inc.
Renamed and operating as the company's Energy Division, Franklin Oil and Gas will explore new energy-based opportunities throughout South America on behalf of major international oil and gas production companies.
"This agreement enables us to fully expand the presence of Franklin Mining throughout South America," said William Petty, Chairman, CEO of Franklin Mining, Inc. "Our Energy Division will provide the opportunity to become involved in multiple industries and markets other than minerals and metals in an area of the world destined for rapid development and growth in the coming years."
Terms of the agreement were not disclosed. The company said it does not anticipate this acquisition will have a material impact on 2013 financial results.
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.
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SOURCE Franklin Mining, Inc.