Franklin Mining Updates Status of Financing -
Franklin Mining Updates Status of Financing -
LAS VEGAS, NV -- (MARKET WIRE) --
March 26, 2007 --
Franklin Mining, Inc. -
(FMNJ) consultant William Petty has returned to Bolivia
after visiting Zurich, Switzerland and New York, NY.
In Zurich, Mr. Petty delivered presentations
for the acquisition of additional capital.
Those presentations were well received and negotiations
resulted in a proposal and contract -
which Mr. Petty has presented for review -
and consideration by Franklin's Board of Directors.
In New York City,
Mr. Petty's project financing presentation
before an investment bank with international interests
was well received;
the results of that meeting will be announced shortly.
In releasing confirmation of a pending capital contract
and project financing agreement,
Jaime Melgarejo, Jr.,
President of Franklin Mining, Inc.,
said that, "Mr. Petty's relationships with major
international capital markets made it possible for
Franklin to receive these proposals."
Mr. Petty has had business and investment interests
in South America since 1974 and in Bolivia since 1985.
He has been a consultant to Franklin Mining, Inc.
since 2003.
Franklin Mining, Inc.
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
franklinmining.com.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release
contains forward-looking statements that ----
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.
For further information, please visit our website (www.franklinmining.com)
or contact our Investor Relations firm,
A. Austin & Company,
1-702-386-5379.
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
SOURCE: Franklin Mining, Inc.
----
Note. the possibilty of company buy-back -
which will reduce the number of O/S -
tinyurl.com
Btw.
the facts;
Ex. FMNJ at $0.16 -
for about a year ago -
FMNJ - did not have the Cerro Rico Silver Mines -
or the Pulacayo Tailings, projects, Bolivia -
when it traded for $0.16 per share -
FMNJ at strategic bargain -
Ex. when FMNJ traded at $150+
fmnj owned Franklins old PM's mines -
franklinmining.com.
fmnj still own the Franklins old PM's mines -
and plus -
Cerro Rico the world largest and richest Silver mines -
at a strategic firesale bargain price -
but even if -
Ex. fmnj owned all Gold and Silver in the world -
and it was below today's low price -
the bashers would still complain -
with nefarious deceive, hoodwink gyp it -
to be trading to high etc. -
FMNJ thanks you for the support -
FMNJ - mission -
Tia. Imo.
God Bless
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