Franklin Mining, Inc. (FMNJ): Distribution of Escala $$

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Thursday, 11/15/2007 1:48:25 AM

Thursday, November 15, 2007 1:48:25 AM

Distribution of Escala $$ - 30% Franklin, 20% Inti, 50% Comibol

http://www.elpotosi.net/2007/0906/s__1.html

Thursday 6 of September of the year 2007 Potosí - Bolivia

The children of the director of the Mining Corporation of Bolivia (Comibol) Grover Alexander consolidate a "tremendous business" in a concession of property of the Bolivians granted in 2006 the Inti Cooperative Limited, according to denunciation of the leader of the Civic Committee Potosinista (Comcipo), Vladimir Diaz. The civic representative indicated that, in date 28 of March of 2006, the children of the mentioned director, Pavel Grover Alexander Flores and Ivan Percy Alexander Flowers, they acceded to the concession "Scale" of 500 hectares and he authorized himself to them to form a society of risk shared with the company Franklin Mining Bolivia.

The authorization is signed by the father of representing of Inti both Limited, Grover Alexander, and his companions of directory, Guillermo Cortez, Federico Field of broom, Arming Limache, Esteban Villca and Mario Paulsen.

The representatives of the cooperative mentioned one consolidate a good business since in a concession of the State they will work with the silver of the investor and the benefits will be distributed of the following form: 50 percents for the Comibol, 30 percents for the investor and 20 percents for the cooperative.
If the Comibol had subscribed the contract directly with the Franklin Mining Bolivia it would be giving the 20 percent of the benefits to a cooperative that does not contribute anything and only receives money to count on the contract that would have been subscribed through the influence peddling.

The leader of conmina Comcipo to the members of the Comibol to review this Moral case that will be presented/displayed president Evo since it is not possible to be allowed that some citizens obtain gains at the cost of the government properties.
Only in the phase of exploration, the Franklin Mining Bolivia will invest 200 thousand dollars and it does not know itself how much for the operation and except which they will be the gains that obtain.
Already in the management, the children of the director of the Comibol obtained that he grants in quality of renting the concessions to them Don Carlos, Edgar, the Fride, Hidden, the Atium, Miguel, Mauricio, Molusco and Sirenita paying like rent rate the one percent on the net value of the production of minerals in a contract by ten years.

Director denies the raised denunciation
Grover Alexander indicates that their two children of legal age with their respective families are part of Limited the Inti Cooperative but that he does not have relation some with the same one.

Also it clarifies that the mine "Scale" was asked for the Comibol does five or six years, when was not director of the state miner, and, therefore, there is influence peddling no.
Remarca that the directory in the heat of solved to give 500 hectares of the concession Limited to the Inti Cooperative and 1,500 from the same deposit to the company Atlas Precious Metals.
Also it argues that previously another cooperative operated in the zone and had difficulties with the comunarios that solved to work directly with the foreign companies.

Due to it, the members of Limited Inti were expelled from the zone and chose to consolidate a contract of Risk Shared with Franklin Mining Bolivia.

Grover Alexander remarcó that just a month ago was notified to them that the contract is accepted and will be able to initiate the exploration process soon to face the operation of minerals.