Franklin Mining, Inc. Announces Reorganization Plan
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,
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"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 additional information visit our website
at www.FranklinMining.com
or contact Investor
Relations: (858) 537-7439, fmnj@asaustinco.com
SOURCE Franklin Mining, Inc.