New ETF Book by Larry Connors - Click here to read more
Franklin currently holds interest in two Bolivian mining sites. In September 2007, Franklin was awarded an Escala Mina I concession in a joint-venture with COMIBOL (the National Mining Company of Bolivia) and Cooperativa Minera INTI Ltda. An operating agreement with Bolivia's privately owned San Antonio de Turiri antimony mine was negotiated in March 2009. Both sites are currently under the operational control of Franklin Mining Bolivia.
Franklin Mining, Inc. has retained Mr. Charles Gregoire de Rothschild, Chairman, GDR Privee, Inc, to provide the guidance and assistance necessary to complete the design and structure of a capital acquisition plan sufficient to meet the needs and requirements of the Escala and Turiri operations.
Commenting to Franklin executives, Mr. de Rothschild said, "My colleagues in the International investment community and I are comfortable with each of the agreements Mr. Petty has negotiated on behalf of his company. We are comfortable with pursuing our investment plan for Franklin's mines in Bolivia knowing that Mr. Petty's vision of fairness and equity for his partners and workers led him to create the very unique three-party joint-venture with COMIBOL and Cooperativa INTI. Under Mr. Petty's leadership, Franklin has established secure relationships with all parties in Bolivia's mining industry, in both the government and private sectors of this mineral rich country."
Mr. Petty added, "I appreciate the confidence GDR Privee has shown for our accomplishments in Bolivia. It has been a long and difficult two years since I assumed the role of Chairman and CEO and I am now anxiously looking forward to a continued relationship with Mr. de Rothschild as we prepare to expand our operations."
About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional 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.
CONTACT: please visit our website (www.FranklinMining.com) or contact our Investor Relations Department, (210) 525-1267
SOURCE Franklin Mining, Inc.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
