Posted on: Tuesday, 27 March 2007, 09:00 CDT
Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce having finalized an agreement with GDR Privee, a New York City investment bank, to act as financial consultant to the company and assist in securing project funding of $1.3 Billion for mining and energy agreements in Bolivia and a GTL contract in Argentina.
Charles Gregoire de Rothschild, GDR Privee Principal, and William A. Petty, Franklin Mining's Consultant, will work together in securing project funding from Mr. Rothschild's domestic and international banking relationships.
Jaime Melgarejo, Jr., Franklin President, and Kenneth J. Bock, GDR Chief Executive Officer, will work together to design and implement a financial strategy bringing Franklin to a positive cash-flow position as soon as possible. "We realize that cash-flow is the basis of success for both existing and future projects. With GDR's resources, we feel that some of our projects are now positioned to become fully operational in the near term," Mr. Melgarejo said, adding that he and all Franklin executives and directors are privileged to have formed this alliance. "We look forward to GDR's advice and support as we begin fulfilling our mining and GTL agreements in Bolivia and GTL contract in Argentina and as we develop additional projects throughout South America."
Same old crap 2 1/2 years later..check the date of this PR
Good luck to us all.............Maybe Petty will have better luck.. I hope so.