Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Century Mining Rep. Oper. Profit - Sigma Mine -
Century Mining Reports Operating Profit
at Sigma Mine
in the First Two Quarters After Start-Up
Monday May 1, 8:25 pm ET
BLAINE, WASHINGTON--(CCNMatthews - May 1, 2006) -
Century Mining Corporation -
(TSX VENTURE:CMM - News) is pleased to
announce its financial and operating
results for the year ended
December 31, 2005 and report on a number
of positive initiatives in the first four
months of this year.
In 2005
- Commenced start-up and commercial production
at Sigma Mine
- Operating profit of $1.8 million from Sigma
mining operations, before royalty expenses
and depreciation, amortization and accretion
- Produced 45,158 ounces of gold at Sigma Mine
in the first two quarters of production at
a start-up cash cost of US$410 per ounce --
http://www.investorshub.com/boards/quotes.asp?ticker=v.cmm
http://www.investorshub.com/boards/board.asp?board_id=5404
.
Vatican Throws Out China Bishops -
Girls do sketches outside the Wangfujing
Catholic Church in Beijing
There have been tensions between China's
Church and the Vatican
The Vatican is excommunicating two bishops
who were illegally ordained by China's
breakaway Catholic Church.
Pope Benedict XVI
expressed his "deep displeasure"
over the appointments.
The rift comes as Beijing and
the Vatican
are engaged in talks with the aim
of re-establishing relations,
which were severed more
than 50 years ago...
http://news.bbc.co.uk/2/hi/europe/4972004.stm
Beware: anti-Christian banksterz ? -
http://www.investorshub.com/boards/read_msg.asp?message_id=10952003
Bless Christ The Lord -
http://www.888c.com/
Pater Lord Bless Our Daily Bread ...
http://tinyurl.com/rvvuj
Glory underbar blessing -
Amen -
Thanks Brother -
Trust in the Lord -
with all your heart -
He is with You
Franklin Mining Inc. - Gold & Silver Mines -
Franklin Gold $675.80 UP $9.80/oz -
FMNJ Silver $14.00 UP $0.24/oz -
Rh $4725.00 per ounce -
- frontruner -
http://tinyurl.com/gjge9
http://tinyurl.com/zdggd
Vatican Anger Over China Bishops -
Girls do sketches outside the Wangfujing
Catholic Church in Beijing
Vatican Anger Over China Bishops -
There have been tensions between China's Church
and the Vatican -
The Vatican has expressed "deep displeasure"
over China's appointment of two -
Roman Catholic bishops.
The appointment of the bishops without
the Vatican's approval represented a
"grave violation of religious freedom",
a statement said.
China's Catholic Church announced on Wednesday
it had installed another bishop -
the second in three days.
The Chinese Church does not recognise
the Vatican's power to appoint bishops,
causing tensions between the two sides.
There are an estimated 10 million Catholics
in China, divided between the officially
tolerated Patriotic Church, and an
underground church loyal to Rome.
On Wednesday, Liu Xinhong was consecrated
at a church in Anhui province in
eastern China, while on Sunday the state
church ordained Ma Yinglin as a bishop in
the south-western province of Yunnan.
'Violation'
The Vatican statement said the ordinations
were "a grave wound to the unity of the Church"
and warned of "severe canonical sanctions".
HAVE YOUR SAY
The Chinese government acts in its own interest
and so does the Catholic Church
DM, London/Hong Kong
Send us your comments
Viewpoints: Tense relations
"We are faced with a great violation of
religious freedom," it said.
The statement was unusually strong in tone,
says the BBC's David Willey in Rome, and
makes it clear that the Vatican, while open
to what it calls "honest and constructive dialogue",
will not tolerate unilateral acts by
the Chinese Church.
The Vatican also said it had received information
that bishops had come under
"strong pressure and threats"
to take part in the ordinations.
Asked to comment on the statement,
China's foreign ministry told Reuters news agency:
"The Vatican's condemnation makes no sense.
We hold a sincere attitude towards improving
Sino-Vatican relations and have made active efforts.
We hope the Vatican side can support a good
environment for improvement of the relationship."
Third ordination
China is planning to ordain an auxiliary bishop
later this month, a senior official of
the state-sanctioned church told
the AFP news agency.
Pei Junmin would be ordained later this month
as auxiliary bishop of the diocese in
the north-east province of Liaoning,
said Liu Bainian, vice-chairman of
the Chinese Catholic Patriotic Association.
Secret talks have been taking place in recent
months between envoys from both sides towards
the possible re-establishing of relations,
our correspondent says.
China has said it would like better relations
with the Vatican, but wants the Holy See
to cut its diplomatic links with Taiwan first.
Diplomatic ties were severed in 1951
after the 1949 Communist takeover
in China and subsequent crackdown
on religion.
http://news.bbc.co.uk/2/hi/europe/4972004.stm
http://www.investorshub.com/boards/read_msg.asp?message_id=10952003
Bless Christ The Lord -
http://www.888c.com/
.
Firm sues 11 banks over "naked" short-selling -
http://tinyurl.com/pzaot
http://www.investorshub.com/boards/read_msg.asp?message_id=10952003
http://tinyurl.com/mhndv
Firm sues 11 banks over "naked" short-selling fees -
Wed Apr 12, 2006 7:46 PM ET
By Jonathan Stempel
NEW YORK (Reuters) - A firm on Wednesday filed an
antitrust lawsuit against 11 major U.S. broker-dealers,
accusing them of colluding over six years to collect
unearned fees as a result of a "naked short selling"
practice.
In its complaint filed with the Manhattan federal court,
Electronic Trading Group LLC
accused the defendants of improperly charging fees by
failing to borrow or deliver stock needed to back
short sales, essentially resulting in "phantom"
transactions.
The plaintiff seeks triple damages, and the lawsuit
seeks class-action status.
Defendants include the broker-dealer units of -
Bank of America Corp.
(BAC.N: Quote, Profile, Research),
Bank of New York Co.
(BK.N: Quote, Profile, Research),
Bear Stearns Cos.
(BSC.N: Quote, Profile, Research),
Citigroup Inc.
(C.N: Quote, Profile, Research),
Credit Suisse Group Inc.
(CSGN.VX: Quote, Profile, Research),
Deutsche Bank AG
(DBKGn.DE: Quote, Profile, Research),
Goldman Sachs Group Inc.
(GS.N: Quote, Profile, Research),
Lehman Brothers Holdings Inc.
(LEH.N: Quote, Profile, Research),
Merrill Lynch & Co.
(MER.N: Quote, Profile, Research),
Morgan Stanley
(MS.N: Quote, Profile, Research) and
UBS AG
(UBSN.VX: Quote, Profile, Research).
Short-selling involves a bet that a company's stock will fall.
Typically, an investor sells borrowed stock, and hopes
to buy it back at a lower price to replenish the lender.
In a naked short sale, the investor sells stock that has
not yet been borrowed.
Naked short selling is usually illegal,
in part because the stock supposedly underlying
the transaction may never be borrowed or may not exist.
It can be permitted to promote market stability.
The 32-page complaint claims the broker-dealers charged
the plaintiff and others for the cost of securities lending,
when in fact the broker-dealers did not "cover" short sales,
failed to disclose this, and nevertheless charged
inflated fees.
"Defendants dominate the market for prime brokerage services
to short sellers and tolerate among themselves chronic
failures to deliver by which clients are charged for
'borrowing' when in fact no borrowing actually takes
place," the complaint said.
"Plaintiffs and class members were charged fees,
commissions and/or interest for nothing."
The plaintiffs, according to the complaint,
"were being used as pawns in defendants'
naked short selling scheme to their detriment."
Citigroup spokeswoman Christina Pretto said the lawsuit is
without merit. Bank of America spokeswoman Shirley Norton,
Credit Suisse spokeswoman Victoria Harmon, Lehman spokeswoman
Kerrie Cohen and Merrill spokesman Mark Herr declined to
comment.
The other banks and the plaintiff's lawyer did not immediately
return phone calls.
Reuters 2006.
---
Above Ex. of more anti-Cristian - low-life -
only out to destroy - American Christian Society - ?
Masterminding a firm's demise?
SEC wants to know if backers made money by trying to kill it.
The latest SEC lawsuit alleges that Refco and Pond
helped Rhino engage in illegal naked short sales -
selling shares they have not borrowed -
http://www.philly.com/mld/inquirer/business/14405833.htm
the anti-Christian illegal crimes -
to destroy America Christian Society -
the bolshevikz banksterz crimez robs Christian companies
of trillions every year ? -
Some telling that -
$5 trillion under the IT-hi-tech bashing time ? -
- 1000's of 888 companies killed ? -
the anti-Christians often only pays fines with a million
for every trillion the 666 steal ? -
should they should get life in prison ? -
he meet with anti-Christian leftz 666 leader -
the chineze 666 leader rounded up about 200 Christian
Priests when they were on Christ Convention meeting -
- China's Anti-Christ 666 -
put Crist followers Brother & Sisters to work camp ? -
he rounded up the Christian Priests families ? -
and put the Christian Children to work camp ? -
bill invited the anti-Christ leader to his home
and dined with him -
the 666 - pick organs from our Children ? -
http://news.bbc.co.uk/2/hi/asia-pacific/4921116.stm
he said its no Gud ? -
http://news.bbc.co.uk/2/hi/business/4918802.stm
Ps. the last comp. i would invest in -
would still not be - msft -
i will pray for all shareholders -
to find the truth -
before to late ? -
Bless Christ The Lord -
http://www.888c.com/
.
Franklin Mining, Inc. -
RE: FMNJ - Market valuation -
to make a long story short -
The Old Franklin Gold, Silver & Copper Mines & Mill -
The Franklin Mines and Franklin Mill -
are located in -
Clear Creek County, Colorado -
approximately 2.7 miles north of the town of
Idaho Springs, which is accessible
from Interstate 70 approximately 33 miles
west of Denver.
From Idaho Springs, a county maintained gravel road
connecting Idaho Springs with Central City in
Gilpin County passes within 1/4 of a mile of
the Franklin Mine facilities and offices.
A minor roadway, also maintained by the County,
allows access to the Franklin Mine within 1/8 of a mile.
The mine location is accessible year round, except
in the case of a major snowstorm in winter months.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- history often repeat itself -
The old Gold Mines will be reactivated -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
most of Precious Metal values have been saved -
hidden deep below old workings -
still all of the Old Franklin Gold Mines -
are in good standing and at least
should make FMNJ - to be worth -
at least 1/2 a Silver Buck$/share -
the only Real Old Money -
is made of Gold & Silver -
with any fair market valuation -
by itself -
without all the leftz wingz short selling -
zbolsheviks 666 way to destroy America -
- going on
====
Btw. the rest of all FMNJ -
rich tangible assets -
subsidiary companies owned by FMNJ -
is like the creme on the cake -
- not incl. in my FMNJ -
market valuation -
# 1 - The great Cerro Rico -
the largest Silver Mine -
in the world -
Note.
with the largest # of child miners -
with no safety -
makes me stay with the FMNJ mission -
to that the people in Potosi will have a normal -
better life - the FMNJ mission will create -
# 2 - the Oil & Gas company -
# 3 - The Golden bars and
Goldore of Mayaya -
FMNJ - producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ -
will soon make the Silver Mines great at Cerro Rico,
it will become -
The Great Cerro Rico - Silver Mines again!
He is with You -
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
Franklin Mining, Inc. -
RE: FMNJ - Market valuation -
to make a long story short -
The Old Franklin Gold, Silver & Copper Mines & Mill -
The Franklin Mines and Franklin Mill -
are located in -
Clear Creek County, Colorado -
approximately 2.7 miles north of the town of
Idaho Springs, which is accessible
from Interstate 70 approximately 33 miles
west of Denver.
From Idaho Springs, a county maintained gravel road
connecting Idaho Springs with Central City in
Gilpin County passes within 1/4 of a mile of
the Franklin Mine facilities and offices.
A minor roadway, also maintained by the County,
allows access to the Franklin Mine within 1/8 of a mile.
The mine location is accessible year round, except
in the case of a major snowstorm in winter months.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- history often repeat itself -
The old Gold Mines will be reactivated -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
most of Precious Metal values have been saved -
hidden deep below old workings -
still all of the Old Franklin Gold Mines -
are in good standing and at least
should make FMNJ to go to -
at least 1/2 a Silver Buck$/share -
the only Real Old Money -
is made of Gold & Silver -
with any fair market valuation -
by itself -
without all the leftz wingz short selling -
zbolsheviks 666 way to destroy America -
- going on
====
The rest of all FMNJ -
rich tangible assets -
subsidiary companies owned by FMNJ -
is like the creme on the cake -
btw. not incl. in my FMNJ -
market valuation -
# 1 - The great Cerro Rico -
the largest Silver Mine -
in the world -
Note.
with the largest # of child miners -
with no safety -
makes me stay with the FMNJ mission -
to that the people in Potosi will have a normal -
better life - the FMNJ mission will create -
# 2 - the Oil & Gas company -
# 3 - The Golden bars and
Goldore of Mayaya -
FMNJ - producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ -
will soon make the Silver Mines great at Cerro Rico,
it will become -
The Great Cerro Rico - Silver Mines again!
Imo. Tia -
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
Franklin Mining, Inc.
on the comeback tracks -
would not be an exact copcat -
but on the right roads -
picture the bright future -
Potosi will be back in Glory -
the large FMNJ supporters may -
when see the old town spirit beauty -
will retire there to become fathers -
for Potosi children ? -
the great Cerro Rico -
is in our hands -
show what FMNJ can do ! -
to live up to -
the Vivacity Glory -
http://tinyurl.com/zdggd
.
PEARL ASIAN MINING INDUSTRIES, INC. - PAIM -
An ongoing company -
Since they choose to trade -
filing the required reports? -
we really want to know -
its to do the dd...
and not only listen to the bashing
anti-Christ short sellers -
who try to kill PAIM -
so they never need to cover -
their 666 - bankster crimes ? -
http://tinyurl.com/jjyjg
PINKSHEET’S ISSUER
INFORMATION AND DISCLOSURE STATEMENT
PURSUANT TO RULE 15c211
(i). NAME OF ISSUER:
PEARL ASIAN MINING INDUSTRIES, INC.
(Incorporated: State of Wyoming, U.S.A.)
(ii). ADDRESS:
PHILIPPINES: 3101- B East Tower, PSE Centre -
Philippine Stock Exchange, Exchange Road,
Ortigas, Pasig City,
1605
+63-2- 490-0140 *
Fax: +63-2-490-0144
TELEPHONES: IR # 1(770) 336. 5824
Fax # 1(877) 317.4430
Direct # 1(866) 732.7888
URL
http://www.PearlAsianMining.com
Or For Daily Progress Reports
http://www.StockInformationSystems.com
Enter Symbol: PAIM
CONTACT: E. Pearl Asian
(iii). DATE OF INCORPORATION:
July 29, 2005 State of Wyoming, USA Certificate # CID- 2005-00497110
(iv). CLASS OF SECURITIES & PAR VALUE:
A. COMMON: CUSIP # 704755 10 7 Symbol: PAIM
Wyoming Corporation: Par value = $0.001
B. PREFERRED: CUSIP # 704755 20 6 Symbol: tbd (?)
Wyoming Corporation: Par Value = $0.00000001
(v). TOTAL NUMBER OF SHARES OUTSTANDING:
COMMON PREFERRED
(As of March 13, 2006)
A. Authorized UNLIMITED UNLIMITED
B. Outstanding 30,044,316,000 App. Over 30 Trillion
C. Freely Tradable 5,044,316,000
App. over 2 Million
( Public Float) (Effective March 31, 2006)
App. 30 Trillion
D. Number of Shareholders App. 5,000 App. 5,000
(vi). LIST OF OFFERINGS OF SECURITIES:
whether private or public by the issuer
within the two year period ended on the last day of
the issuer’s most recent fiscal year
and from such day to the date the issuer has provided
information in response to this
item:
NONE
(vii). NAME AND ADDRESS OF THE TRANSFER AGENT
AMERICAN HERITAGE STOCK TRANSFER CORPORATION
MARKHAM, ONTARIO, CANADA L3R 0G4
(416) 496-6914
Registered with the U.S. S.E.C. under the Exchange Act of 1934
(viii). NATURE OF ISSUER’S BUSINESS
(OTC Symbol : PAIM - Common)
Gold, Silver & Precious Metals Industry
Exploration, Development & Production
About the Company
Pearl Asian Mining Industries, Inc.
is an international mining company exploring the world
for opportunities to open or reopen mine facilities and develop them into productive and
profitable operations.
Utilizing a debt-free Financial Statement, and world-class
mining expertise,
PAIM is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. was created in the spring of 2003 to fulfill the vision of a
highly profitable business based on the mining of gold and other God-given mineral resources.
Drawing on world-class and world-renowned mining, mechanical, electrical & civil engineers,
geologists, and support teams, Pearl Asian Mining Industries, Inc. is a growing international
mining operation that is working to realize the potential of previously underdeveloped mining
operations.
Pearl Asian (Symbol: PAIM-OTC US Stock Market) is fully committed to both its investors
and the host communities in which it operates and will use its impressive technical resources to
ensure the best for all parties. Whether addressing returns on investment or health and safety
protection, Pearl Asian Mining Industries pledges the highest degree of concern.
Pearl Asian Mining Industries Inc. (PAIM) currently owns 100% of the 12 mining claims in
the Vancouver Island, British, Columbia, Canada.
PAIM owns 100% of the Mining Operation
Agreement (MOA), a joint venture with
the Pearl Asian Mining Industries- Domestic Philippines
Corporation, the local Philippine Claim Holder.
PAIM is entitled up to 40% Equity Net-Profit
Mineral Sharing of the Pearl Asian Mining- Domestic
Philippines Corporation, that owns 100%
of the Small Scale Mining Permit (SSMP) claim right and
staked to operate on the 20 hectares of
the XYZ Gold Mine Site.
Pearl Asian – Philippines
has a pending application approval for its Philippines' Mining
Production Sharing Agreement (MPSA) for overall
total 1,800 hectares of
the XYZ Gold Mine
Site.
MPSA is the equivalent of the Mining Rights in US & Canada.
Pearl Asian's mission and vision is to partner with the Philippine Government and its local
host communities in order to acquire abandoned mines
with known and proven gold reserves left
for centuries.
In addition, Pearl Asian is involved in providing
products and services targeting the
small scale miners in order to create an orderly
and sustainable gold and mineral productions that
promote the growth of this newly-born,
Mining Revival Industry Sector of the Philippines.
This Small Scale Mining
is a Community Livelihood Economic Base that covers
1% of the total
Philippines Gold Mines
and a substantial amount of Gold production output.
PAIM has selectively engaged highly qualified engineers and support team personnel into the
organization and who have the right contacts and connections that could compete reasonably well
in this business.
Pearl Asian Mining Industries
management, with their in-depth experience
selectively screens mineral claims with low potential risk.
These potential risks, such as the
presence of Indigenous People or claim with ancestral domain, security, peace & order problems,
presence of small scale miners, political problems, N.G.O. oppositions, etc., are considered
hindrance in the success of the mining industry.
The advantages of the Pearl Asian (PAIM)
over the competition includes the engagement of
the right key management group and team of highly
qualified and experienced all around
Engineers who are really knowledgeable of this kind
of business; use of minimized risk by claim
selection and screening; engagement of Geologists
with hands on experience of the area or the
potential mineral claim; and engagement of experienced
Chemists and Metallurgists to process
and extract the gold, silver and other precious metals
from the rest of the minerals present in the
raw ores, with consideration of the use of non-toxic
chemicals or substances, and the use of safe
Chemical Assay that may have effect on the safety
of the people and the environment..
Following the reversal of the decision by the Supreme Court
of the Philippines legitimizing
the New Mining Act of 1995, a number of interested investors
both local and foreign groups has
started to generate interest on mining in the country.
The big competition is more on the filing of
mineral claims and the potential joint venture with the
local claim holders.
Similarly, the economic boom in China opens door to mining business where the demands of minerals
particularly in the supply of raw materials such as Iron, Manganese, Chromite, Nickel, etc. hence
making claims on mineral lands competitive.
Pearl Asian Mining Industries Inc.
(Symbol PAIM) is a multi-national mining company
incorporated under the Laws of the State of Wyoming, USA on July 29, 2005.
It was originally
and concurrently incorporated under the Laws of
the Province of Ontario; Extra-Provincially
Incorporated in the Province of British Columbia, Canada
in 2003.
It is also incorporated under
the Laws of the Republic of the Philippines, and duly
registered with the Philippines SEC.
Pearl Asian Mining Industries, Inc.
is leading the Filipino mining industry into the 21st
century.
Pearl Asian Mining currently trades on the OTC under
the symbol: PAIM.
NOTE I.
Pearl Asian Mining Industries, Inc. is now waiting for
the final issuance of the certificate of its
Mineral Production Sharing Agreement (MPSA) Certification & Claims, Permit & License to
perform mining operations in the Philippines
(an equivalent of the mining rights in the US &
Canada). On Nov. 22, 2005, Pearl Asian has received
the Small Scale Mining Permit (SSMP), a
claim right to stake and mine on the 20 hectares of
the XYZ Gold Mine Site.
MPSA application
& approval was issued by the Region V- Mines & Geosciences Bureau on October 4, 2004. The
final MPSA Certification is to be issued by the DENR, is a mining claim right to stake and to
operate with the proven reserves of GOLD, SILVER- COPPER in the XYZ Baleno Gold
Project.
a) MPSA Application (APSA-000320-V, Area of 751.8843 hectares)
b) 1,100 hectares of land in Baleno Exploration Permit Application (EXPA-
000041-V, Area of 1,127.5939 hectares)
c) SSMP Certification on 20 hectares – Exploration and operation of the XYZ
Mineral Deposits.
The XYZ GOLD MINE SITE
is a Pre-World War II Gold Mining Property with High Grade
Gold Ores containing an average of approximately 90.37 grams per ton of gold and 533.6 grams
per ton of silver.
After installation of 50-250 tpd (tons per day)
Mineral Processing & Production
Plant, PAIM will and can process an average of 15 grams
of gold per ton of ores per day and can
produce an estimated 3,750 grams of Gold or
120.57 Troy Ounces of Gold per day.
In 1997, A Canadian Company (Pottinger -
Gaherty Evironmental Consultants Ltd., CANADA).
did a written exploration and feasibility report showing the following.
Estimated Monthly Revenue at the cost of US $400.00 per troy oz.
120.57 oz X $400.00/oz = app. US $ 48,228.00 per day
Estimated Yearly Gross Revenue :
$ 48,228 per day X 269 days per year only = USD $12,973,332
Note:
The cost of the SSMP & MPSA Mining Claims to PAIM was approximately $18,000.00.
The value of the 12 mining claims in British Columbia,
Canada is based on the historic cost
of $30,000 in common stocks of PRLGF.
NOTE 2.
The 21.07 acres are in lot # 7 in the Keone’s Hawaiian Ranchos Estates Subdivision, Kahuku
Kau, Big Island of Hawaii.
This raw land is flat and ready to be developed and is
one of the 22
parcels situated on an over 400 acres of the above
subdivision leading towards the ocean on the
southern tip of the island of Hawaii.
The property is approximately 20 minutes south of the
beautiful and famous Kona Coffee Plantation and
50 minutes south from Kona Airport.
The Keone’s Hawaiian Ranchos Estates
are located in between two developed estates called
the Kona Garden Estates and the Kona Kai Estates,
that are currently developed with paved roads, gated,
fenced and utilities ready for hook-up.
This asset is book at the cost of $200,000 which was
acquired using shares of PRMN.
NOTE 3.
PAIM holds the Securities and are made up
of 3,000,000 common shares of stock in
Equity Retirement Distributions (Canada) Ltd.;
is booked at $300,000.00 based on the fact that PAIM
issued $300,000.00 worth of its newly issued stock for it.
NOTE 4
Pearl Asian Mining acquired 100% of
Western Pacific Minerals Ltd
which included an undivided 100% interest in a block
of 49 mineral claims commonly called
the PANAMA I, II, III, IV, located in the Province of
British Columbia, Canada.
The properties are Located in the
historic Slocan Trail Creek and Nelson Mining Districts
of the Southeastern Province of British
Columbia.
Shareholders of PRLGF are to receive 1 share of
Western Pacific for every share of
PRLGF held on September 30, 2004.
On October 30, 2004 the shares of Western Pacific
are to be sent to the shareholders of PRLGF.
Therefore the shares of Western Pacific are treated on the
balance as both an asset at historic cost for PRLGF shares
and as a liability because as of
September 30, 2004, the investment in
Western Pacific now belongs to the shareholders of
record beneficially on that date.
PLEASE NOTE THAT PRLGF & PRMN COMMON STOCKS ARE NOW UNDER
THE PAIM COMMON STOCKS.
(ix). THE FORM OF ORGANIZATION OF THE ISSUER: Corporation
a. YEAR THE ISSUER WAS ORGANIZED: 2003
b. ISSUER FISCAL YEAR END DATE: December 31st
c. DID THE ISSUER HAS BEEN IN BANKRUPTCY, RECEIVERSHIP OR ANY
SIMILAR PROCEEDINGS: No
d. ANY MATERIAL RE-CLASSIFICATION, MERGER, CONSOLIDATION, OR
PURCHASE OR SALE OF A SIGNIFICANT AMOUNT OF ASSETS NOT IN THE ORDINARY
COURSE OF BUSINESS:
HISTORICAL INFORMATION
l. April 25, 2003- Pearl Asian Mining Industries, Inc.,
is a Toronto, Ontario,
Canada Corporation (Stock Symbol: PAMJF).
On Jan. 8, 2004, PAMJF acquired
100% of Western Pacific Minerals, Ltd. (WPML) having the original 49 Silver
Mining Claims in B.C., Canada.
It was acquired in exchange for 17.5 Million
Shares of the Common Stocks of PAMJF.
ll. September 9, 2004 - PAMJF changed domicile,
re-incorporated in the State of
Oregon, U.S.A. with a New Stock Symbol:
PRMN, with increased of 1 common
share to 5 common shares Forward Split.
Pearl Asian had the total outstanding of
250,000,000 Shares of PRMN.
lll. September 30, 2004 – Company issued Stock Dividends.
IV. December 14, 2004 - Pearl Asian Mining– Oregon Corporation (PRMN) traded
200,000,000 common shares (40%) of the
WPML for 500,000,000 common shares of
Mellon Research Company
(Stock Symbol: MLON) for a MLON Stock Certificate
bearing 500,000,000 Common Shares, booked at the cost of $5,000.00.
The company only transferred to MLON the 200,000,000 Shares or 40% of the ISSUED
and OUTSTANDING SHARES of the WESTERN PACIFIC MINERALS, LTD. that
owned the 49 SILVER MINING CLAIMS at SLOCAN AREA, BC, CANADA. That
MLON OR PYCT does NOT own Pearl Asian Mining and MLON has NEVER been
involved in the management or operation of Pearl Asian Mining Industries, Inc.
Prior to that trade of Western Pacific Minerals, Ltd, Pearl Asian spun off to its
shareholders the other 60% of the issued and outstanding shares of Western Pacific
Minerals, Ltd.. As a result of the spin-off, Western Pacific (OTC: WTPCF) (CUSIP:
959140104) has more than 1,000 beneficial shareholders, as many in common with PAIM.
V. February 14, 2005 - Pearl Asian Mining Stock Symbol: PRMN had a Reversed
Split 25:1. As of July 18, 2005, the total outstanding common shares of PRMN are
30, 044, 316.
VI. April 14, 2005 – Pearl Asian Mining changed domicile to the Republic of the
Philippines with a New Stock Symbol: PRLGF. This carried all the current
outstanding shares of 30, 044, 316.
VI. January 12, 2006 - Pearl Asian Mining changed domicile to the State of
Wyoming, U.S.A.- New Stock Symbol: PAIM having an Unlimited Authorized
Common and Preferred Shares. Effective February 14, 2006, the total number of
common shares of the old symbol: PRLGF increased from 1 common share to
1,000 common shares Forward Split. The total Outstanding Common Shares of
PAIM is 30,044,316,000.
VI. February 18, 2006 - Pearl Asian Mining – Wyoming Corporation increased
the Authorized Preferred Shares to UNLIMITED number with a Par Value of
$0.00000001. The Board unanimously passed the increase to give dividends to
shareholders: That for every 1 Common Shares of PAIM bought on X-Dividend
Date of March 15, 2006 will receive a 1,000 Preferred Dividends to the
shareholders who bought PAIM Common Stocks. The company’s record date is
March 17, 2006. The Company’s pay date is March 31, 2006. NASD set the XDividend
Date to March 15, 2006.
VII. Pearl Asian Mining Industries (PAIM) DO NOT have any default on any
loan, leases or other indebtedness or financing arrangement requiring the issuer
to make payment on. Nor is there any change of control; NO increase in 10% or
more of the same class of outstanding equity securities; NO de-listing of the
Issuer’s securities in any exchange or NASD. There is NO current, legal, past,
pending or threatened legal proceedings or administrative actions either by or
against the issuer that could have a material effect on the issuer’s business,
financial condition, or operation. The Company will NOT do a Reverse Split as it
will decrease its current Market Capitalization.
VIII. PAST, PENDING OR ANTICIPATED STOCK SPLIT:
September 9, 2004 – Symbol: PAMJF Increased 1:5 Forward Split
February 14, 2005 – Symbol: PRMN Decreased 25:1 Reverse Split
February 14, 2006 – Symbol: PRLGF Increased 1:1000 Forward Split
March 31, 2006 - Symbol: PAIM To receive Dividends 1=1000
Preferred Shares Dividends to all Shareholders
that Bought Stocks of PAIM on March 15, 2006
B. BUSINESS OF ISSUER:
1. Primary and Secondary SIC Codes: CIK# 000 1317 716
SIC CODE 1040 – Metals & Mining
2. January 9, 2006- PAIM is currently conducting extensive explorations,
feasibility studies, developing infrastructures, building access roads and cell sites
to the XYZ Gold Mine Site. PAIM is designing and constructing a State-of-the-
Art & Environmentally Friendly Gold Mineral Processing Plants on the XYZ
Gold Mine Site.
3. Pearl Asian Mining Industries, Inc.- Philippines has a wholly owned
subsidiary:
A. Philippines Gold Mining Corporation, A Nevada Corporation (Stock
Symbol: PGMC) is included in the current financial statement.
PGMC will be utilized as the tool for raising other needed capital. The
Company plans to issue its first Initial Public Offering (IPO) in
order to raise up to $5,000,000.00 USD Capitalization needed for this
intensive capitalization for the gold project and PAIM ‘s increasing
growth, expansion, mine site development, real estates acquisitions,
land acquisitions and all mining equipment & other mechanical plant
acquisition.
PGMC intends to finance the cost of the building of the Pearl Asian
Metallurgical & Chemical Laboratory (PAMC LAB) and of the Gold /
Silver Smelting & Refinery Facility in Mandaue City, Island of Cebu,
Philippines.
PAMC LAB will be generating other revenues as it will offer its
Metallurgical & Chemical Assay Services to other big and small
mining companies in the Philippines and around the world.
4. Philippines regulations have great impact to all mining business as a whole.
Currently, Pearl Asian is in strict compliance with the Philippines SEC as
well as the Government Rules & Regulations.
5. During the last 2 1/2 Fiscal Years, Pearl Asian Mining spent on start-ups,
research, exploration and developments and none were borne directly by
customers.
2003 $ 50,000 USD
2004 $ 160,000 USD
2005 $ 457,707 USD
6. Pearl Asian Mining spent an estimated cost on the following for the
Environmental Permits, Legal Fees, Certifications and Government
Compliance (Federal, State & Local)
2004 $ 80,000 USD
2005 $100,000 USD
7. Pearl Asian Mining currently employs 8 Full time employees and 18
Consulting Engineers & Other Administrative Team Supports, combined.
Within the next 45 days, it will be hiring more laborers of an estimated 20
skilled Engineers and 150 unskilled workers, to complete the manpower for
the XYZ Mine Site “Operation Gold Finger ”.
C. INVESTMENT POLICIES:
Pearl Asian Mining (PAIM) will acquire assets primarily for capital gain,
growth and income combined.
1. PAIM currently owns a free and clear 21.07++ acres of vacant lots,
located in the Big Island of Hawaii, USA.
2. Pearl Asian –PAIM acquired and bought the 3,000 Square Meters of
industrial lot in Mandaue City, Island of Cebu , Philippines. This will be used
for its own Metallurgical /Chemical Laboratory & Gold Refinery Facility, with
an approximate land value of $1,000,000 USD. The estimated total cost to build
and purchase the necessary machineries and equipments for the PAMC LAB &
Gold Refinery Facility is $ 2,000,000.00 USD.
(viii). NATURE OF PRODUCTS OF SERVICES:
1. Gold, Silver and all other precious metals are to be sold in the
(LBME) London Bullion Metal Exchange, Central Banks, private
electronics or other industrial companies, various companies such as
jewelry makers or private individuals.
2. PAIM will have its Gold & Silver Smelted and Hall Marked into
Bullion, with the Credit Suisse, Geneva, Switzerland.
3. The Issuer’s competitive position in the industry and other methods
of competitions are:
Local small scale miners, Big Scale Miner such as Lepanto,
Philex Mines, Benguet, Placer Dome and more.
4. Pearl Asian will buy some raw ores from the small scale miners,
besides mining the existing 6 tunnels and 4 trenches from its own
mining claims in the XYZ Gold Mine Site.
5. Pearl Asian Mining Industries, Inc. (PAIM) has an agreement to
share the net production profit (MPSA) with the Republic of the
Philippines that runs between 1% to 3% for every mine site.
6. Government approval is mandatory. Pearl Asian has on file with the
Region V – Bureau of Mines & Geo-Sciences and DENR
(Department of Environmental & Natural Resources) the following:
a. MPSA Application # APSA-0003200-V, a total Area of
751.8843 hectares in Baleno, Masbate Island, Philippines.
b. EXPA Exploration Permit # EXPA-000041-V, a total Area of
1,100 hectares of land in Baleno, Masbate Island.
c. Exploration of XYZ Mineral Deposits, total Area of
1,127.5939 hectares.
d. SSMP – Small Scale Mining Permit, (Permit No. 005-05 O.R.
No. 1956032 D, for a total Area of 20 hectares- On November
22, 2005, the SSMP has been approved, signed, certified and
issued by the local government of the Island of Masbate .
The MPSA Applications were already on file since 2004, just waiting for
the final certification from the Secretary of the DENR. The local MGB Region
V where the XYZ Mine Site is located, had already approved the applications
with all its complete and strict compliance, both on the SAFETY &
ENVIRONMENTAL ISSUES and PROTECTION OF ITS INDIGENOUS
PEOPLE, if any.
(x). NATURE AND EXTENT OF THE ISSUER’S FACILITIES:
A. Philippines Corporate HDQ. – 3101-B East Tower, PSE Center,
Philippines Stock Exchange, Ortigas, Pasig City, Metro Manila,
Philippines 1605. LEASED - $ 1, 300.00 / month.
B. Corporate & Staff Housing – St. Francis Bldg. Units 20-F, 33 E & F.
Ortigas Center, Pasig City, Philippines. Purchased @ $480,770 USD
C. Pearl Asian Metallurgical / Chemical Laboratory & Gold Refinery
Center- Mandaue City, Cebu Island, Philippines. Purchased @
$1.0 Million USD
D. ON-SITE Engineer Housing Staff & Mine Site Office - Masbate City –
LEASED= $200.00 / month
E. PEARL ASIAN MINING EMPLOYEES is adequately covered with
insurance policies that includes Life, Disability, Health, Dental &
Accidental Insurance & Retirement Plans.
(xi) MANAGEMENT TEAM, OFFICERS, BOARD OF DIRECTORS,
COUNSELS & ACCOUNTANTS:
Engr. Peter C. Caleon
BOARD DIRECTOR & GOLD MINING ADVISOR
Peter is a native born Philippines who graduated from the MAPUA Institute of Technology
with a Bachelor of Science in Mining Engineer. He continued with postgraduate studies at
the International Institute for Aerial Survey and Earth Science in Daft, Holland (graduating
with highest honors). He holds professional licenses of Geologists and Mining Engineer.
Peter's past positions include Supervising Geologist, Regional V Director of the Bureau of
Mines & Geo-Sciences, Asst. Director of Mines and Geosciences Bureau, Regional
Executive Director of the Department of Environmental Resources and Asst. Secretary of
the Department of Environment and Natural Recourses. Peter brings to the company his
experience and valuable contacts to Pearl Asian in order to obtain all the necessary
requirements by government compliance, issuance of permits and licensures needed
through out the Philippine Mining Industry.
Pete is the leading officer of the Pearl Asian Mining Industries, Inc.- Philippines company,
responsible for the company's continuous gold mining growth and rapid expansion with
the strict compliance to all government requirements..
Randolf Villanueva
President
Randolf Villanueva has been with the company since February, 2004. He is one of the
Leading Key Officers in the development and the incorporations of Pearl Asian Mining
Industries, Inc. in the Philippines. He has developed keen knowledge and hands on
experience dealing with various big scale mining companies such as Benguet Gold Mines
and Filminera Resources, Inc. He was involved in the negotiations with small scale miners
and acquisition of various mining claims and Mineral Productions and Sharing Agreement
(MPSA) Applications. Randolf has been actively involved with all the internal affairs of
Pearl Asian Mining Industries, Inc. PAMI, since 2004. He presented the Pearl Asian's "XYZ
Gold Projects" at Harvard Business Club Symposium sponsored by Friedland Capital in
New York City in October, 2004. Randolf is pursuing his higher interest to further his
studies to complete his Degree in Mining Engineering Management.
Randolf Villanueva is a great asset to Pearl Asian as he will carry with him his engineering
management expertise and experience: thus he will bring the new Nevada Corporation of
PGMC to its next level of exchange from OTC to Bulletin Board then to AMEX. His ultimate
mission is to seek the highest Return of Investments (ROI) for the benefit of all the existing
shareholders and the future investors of Pearl Asian Mining Industries, Inc. PAIM.
Father Ariel
V.P./Community Relation Officer
Father Ariel is leading the Pearl Asian Mining Industries, Inc. in the community relations
and development aspect; to provide information and plans, as being channeled through
meetings with the members of the host communities, the local government officials, the
local and international NGO's (Non-Governmental Organizations) groups, and the
Indigenous People who live in the company's mining sites and immediate premises. He is
the positive force responsible to discuss to these groups of people the mutual benefit of
Pearl Asian's Mission & Vision to the community, as well as the Pearl Asian's plans and
developments with emphasize on the symbiotic involvement of each groups in order to
attain the Pearl Asian’s Mission and Vision - The GOAL:
a. To establish harmonious working relations,
b. To provide sustainable jobs to the community,
c. To provide health care protections,
d. To provide education through scholarships to all deserving student.
e. To preserve and protect the community's environment.
Father Ariel is one of the reasons and the Key to the success of Pearl Asian's Mining
Operation as he understands the importance of a solid alliance with the community, both
personal and business levels: Working Together for a Common Cause of Harmony, Peace,
Prosperity & Love.
F. Pearl Asian, The Founder/Chairman
A true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc.
Her ambition and drive is helping to realize the potential of valuable mining properties that
have been under-developed and under-utilized for decades. She is focused on providing a
profitable return for investors, coupled with her humanitarian mission, to assist in providing
sustainable jobs, the gift of education for the under-privileged children, healthcare benefits
for the people and environmental protections of the communities. It is also her vision to
make Pearl Asian Mining Industries, Inc. as the “Model” for all mining companies in the
Philippines; as the “Pioneer” to make use and leverage the involvement of the communities,
the local and international NGO’s (Non-Governmental Organization), to participate in the
development of the Philippines Mining Industries and to become as a One Team to help
sustain the economic stability, community involvements and environmental protections of
the Republic of the Philippines. In 2003, Pearl has taken a "mom and pop" mining operation
in the Philippines to a fast growing multi-national gold mining company.
BOARD OF DIRECTORS
CHAIRMAN E. PearlAsian
PRESIDENT Randolf Villanueva
VP/ CRO Fr. Ariel
ADVISORS
Mining/Geologist Engr. Pete Caleon
Plant Machineries Procuremen Engr. JR Famor
Consulting Geologist Gil Apuya Geological Co.
Exploration Development-Canada James W. Laird
Legal Counsel / CPA / CFO Atty. Earl Diao, IV
E.V.P. / Field Security MsSgt. Edward Madrid
HEAD OFFICE ADMINISTRATION
EVP / SEC & HRD MGR. Abegail Dormitorio
EVP / AUDITOR / RISK MGMT. Arlene Balagbagan
PROCUREMENT MGR. Arnel Morilla
XYZ OPERATION GOLD FINGER TEAM
1. Consultant - Chief Mining Officer (CMO) Socrates Serrano
2. Overall-In-Charge Mining Engineer (OIC) Jonathan Mercado
ENGINEERS-IN-CHARGE
3. Design & Plant Development Engineer (DPD) Ricardo Bernardo
(To Include Cebu Gold Refinery Facility)
4. Tunnels Rehab & Underground Mines Develop. Cesar Rosales
5. Safety Dev. & Environmental Protection (SDEP) Trecero Reyes
6. Road & Infrastructures Development (RCSID) Ruben de Los Santos
7. Land Mine & Satellite-Cell Site Surveyor (LMSCS) Michael J.Penalosa
8. Senior Field Geologist Regino Selvano
9. On-Site Host Community Development Director Manolo Tecson
10.Computer IT/ Import & Export Director Gil Apuya III
PEARL ASIAN METALLURGICAL & CHEMICAL ASSAY LAB (PAMC LAB)
11. Director & EIC Business Development Anthony Gary Gotanco
Chief Chemical Engineer
12. OIC Metallurgist Elvis Hidalgo
13. EIC Research & Development Rochelle Laylay
14. EIC Quality Assurance / Quality Control EmyLyn Noma
VISION STATEMENT
Pearl Asian Mining Industries, Inc. (PAIM) will lead the Filipino mining industries into the 21st
century. Pearl Asian Mining is globally committed to its international shareholders for generating
excellent Return On Investments (ROI).
To make Pearl Asian Mining Industries, Inc. the “Model” for all mining companies in the
Philippines; the “Pioneer” to make use and leverage the involvement of the host communities, as
well as the local and international NGO’s (Non-Governmental Organization; and the “A Team”
to help sustain the economic stability of the Republic of the Philippines, by participation in the
development of the Philippines Mining Industries, as well as the involvement of its host
community and environmental protections.
MISSION STATEMENT
It is the ultimate mission and intention of Pearl Asian Mining Industries, Inc. (PAIM) to partner
with the Philippine Government and its local host communities in order to acquire abandoned
mines with known and proven gold reserves, left untapped and abandoned for centuries. Pearl
Asian will make profitable business operation side by side with environmental protection and
sharing of benefits to host communities through adoption of maximum efficiency and applicable
state-of-the-art technologies.
Pearl Asian Mining (PAIM) is teamed up with world-class, experienced, renowned & select
cream of the crop Mining, Mechanical, Electrical, Civil, Chemical & Metallurgical Engineers,
Geologists and other highly qualified support team members, who will become the corporate
model to make a real and lasting contribution to the communities in which Pearl Asian operates
considering all aspects of its safety and healthy environment.
As of February 21, 2006:
The officers, Directors, Consultants and Counsels DO NOT own more than 5%
of the outstanding shares of PAIM.
NONE of the officers or control persons have been convicted or named as a
defendant in any criminal proceedings.
NONE of the officers or control persons have any orders, judgments, decrees
that are permanently or temporarily enjoined, barred, suspended or otherwise
limited such person’s involvement in any type of business, securities,
commodities, or banking activities.
NONE of the officers or control persons has findings or judgment by a court of
competent jurisdiction (in civil action), the SEC, the CFTC, or a state securities
regulator of a violation of federal or state securities or commodities law.
THERE HAS NOT BEEN any order by a self regulatory organization that
permanently or temporarily barred, suspended or otherwise limited such
person’s involvement in any type of business securities.
(xii). THE ISSUER’S MOST RECENT BALANCE SHEET and PROFIT & LOSS
& RETAINED EARNINGS STATEMENTS:
See the posted 2005 Audited Financial Statement
January 31, 2006
By an Independent External Auditor
MARCO C. ILANO, MBA
CERTIFIED PUBLIC ACCOUNTANT
Cagayan de ORO, Misamis Oriental
PHILIPPINES
Franklin Oil & Gas -
Shareholder Group Travels to Bolivia;
Franklin Oil & Gas, Bolivia and Franklin Mining,
Bolivia Schedule Meetings With YPFB and COMIBOL
Wednesday May 3, 11:32 am ET
LAS VEGAS, NV--(MARKET WIRE)--May 3, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News). William A. Petty,
Petty International Development Company and a
group of six FMNJ shareholders are in La Paz,
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
The meetings are being hosted by
Franklin Mining, Inc.'s
two Bolivian subsidiaries along with
executives of both YPFB and COMIBOL.
Meetings with YPFB executives will include
discussions of the Franklin Oil & Gas,
Bolivia and YPFB partnership's plans for
construction and operation of a gas-to-liquid
plant in Santa Cruz.
The COMIBOL meetings will include a
presentation and discussion of
the Franklin Mining, Bolivia and COMIBOL
joint venture for mining operations in
the Cerro Rico Mine.
While in Potosi, the shareholder group will
take a walking tour of the Cerro Rico.
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 d
emand, 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.
Additional information on company operations
is found at our website
http://franklinmining.com.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
http://tinyurl.com/zdggd
He is with You.
.
Franklin Oil & Gas -
Shareholder Group Travels to Bolivia;
Franklin Oil & Gas, Bolivia and Franklin Mining,
Bolivia Schedule Meetings With YPFB and COMIBOL
Wednesday May 3, 11:32 am ET
LAS VEGAS, NV--(MARKET WIRE)--May 3, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News). William A. Petty,
Petty International Development Company and a
group of six FMNJ shareholders are in La Paz,
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
The meetings are being hosted by
Franklin Mining, Inc.'s
two Bolivian subsidiaries along with
executives of both YPFB and COMIBOL.
Meetings with YPFB executives will include
discussions of the Franklin Oil & Gas,
Bolivia and YPFB partnership's plans for
construction and operation of a gas-to-liquid
plant in Santa Cruz.
The COMIBOL meetings will include a
presentation and discussion of
the Franklin Mining, Bolivia and COMIBOL
joint venture for mining operations in
the Cerro Rico Mine.
While in Potosi, the shareholder group will
take a walking tour of the Cerro Rico.
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 d
emand, 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.
Additional information on company operations
is found at our website
http://franklinmining.com.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
http://tinyurl.com/zdggd
.
Franklin Mining, Inc.
FMNJ TA TI Fibonacci (Fib) -
- the Fib correction done -
- 62% of the prior bull leg -
FMNJ TA Fib Calls New Bull Trend Started -
- Fib Call to often 162% Up -
- of the previous correction -
FMNJ New Fib Call to High above $0.20 -
Prev. high $0.15 low $0.049 point -
Franklin Oil & Gas -
Bolivia and YPFB Partnership
Not Affected By Nationalized
Natural Gas Industry
Tuesday May 2, 11:55 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2006--
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News) CEO Jaime Melgarejo -
issued the following statement concerning news -
http://tinyurl.com/f4wnw
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at the Cerro Rico Mine in Potosi
and that a Memorandum of Understanding has been
signed with -
Yacimientos Petroliferos Fiscales Bolivianos -
(YPFB) for construction of a gas-to-liquid refinery
in the Santa Cruz department. -
http://tinyurl.com/jlxnb
http://tinyurl.com/zdggd
He is with us.
Franklin Mining, Inc.
FMNJ TA TI Fibonacci (Fib) -
- the Fib correction done -
- 62% of the prior bull leg -
FMNJ TA Fib Calls New Bull Trend Started -
- Fib Call to often 162% Up -
- of the previous correction -
FMNJ New Fib Call to New High above $0.20 -
Prev. high $0.15 low $0.049 point -
Franklin Oil & Gas -
Bolivia and YPFB Partnership
Not Affected By Nationalized
Natural Gas Industry
Tuesday May 2, 11:55 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2006--
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News) CEO Jaime Melgarejo -
issued the following statement concerning news -
http://tinyurl.com/f4wnw
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at the Cerro Rico Mine in Potosi
and that a Memorandum of Understanding has been
signed with -
Yacimientos Petroliferos Fiscales Bolivianos -
(YPFB) for construction of a gas-to-liquid refinery
in the Santa Cruz department. -
http://tinyurl.com/jlxnb
http://tinyurl.com/zdggd
Eurasia Gold $669.20 per ounce -
well, it will be long ride UP -
EGX SChart TA TI Alert
^^^ Bull BreakOut Started ^^^
TA Signal # 1 - EGX Bull ST Wave In Action -
Elliott Wave Principle pattern -
Calls for 5 Bull Short Term Waves -
makes one LT Wave -
EGX Bull has 3-4 more Short Term Bull Waves to Go -
to complete # 1 Long Term Bull Wave -
Elliott Wave Pattern Calls for 5 LT Bull Waves -
EGX Gold $669.20 Up $5.00 -
Mother 888 Gold -
Wheeled Out - resistance (666 black toped) -
Gold On Next Target - 888 -
No Resistance - before $850-870 -
Follow Rh $4180 per ounce -
frontrunner - Right Road - Clear -
Move On -
http://tinyurl.com/7r4f5
http://tinyurl.com/s8nts
Eurasia Gold $669.20 per ounce -
well, John it will be long ride UP -
EGX SChart TA TI Alert
^^^ Bull BreakOut Started ^^^
TA Signal # 1 - EGX Bull ST Wave In Action -
Elliott Wave Principle pattern -
Calls for 5 Bull Short Term Waves -
makes one LT Wave -
EGX has 3-4 more Short Term Bull Waves to Go -
to complete # 1 Long Term Bull Wave -
Elliott Wave Pattern Calls for 5 LT Bull Waves -
EGX Gold $669.20 Up $5.00 -
Mother 888 Gold -
Wheeled Out - resistance (666 black toped) -
Gold On Next Target - 888 -
No Resistance - before $850-870 -
Follow Rh $4180 per ounce -
frontrunner - Right Road - Clear -
Move On -
http://tinyurl.com/7r4f5
http://tinyurl.com/s8nts
Bolivia's President -
Evo Morales -
has signed a decree -
- in a May Day speech, he said -
- the companies had six months
to re-negotiate their contracts
and urged them to -
"respect the dignity of Bolivians". -
to be fair to the people -
Brazil and Spain -
have both expressed concern at the move -
The main foreign oil firms operating in Bolivia
are Brazil's Petrobras, the Spanish-Argentine
company Repsol YPF,
British companies
British Gas and British Petroleum,
France's Total -
The Brazilian government
called the moves unfriendly and
said their operations in Bolivia
were under review -
The Spanish Foreign Ministry expressed
its deep concern and said it hoped
there would be authentic negotiations
and dialogue -
Bolivia has South America's
second largest natural gas reserves.
But the country has suffered years
of political crises over how to develop
and profit from the industry.
Evo Morales -
is voted in by the average Bolivian -
who has been ill treated to become poor -
in the past -
Evo said, the companies had six months
to re-negotiate their contracts and
urged them to "respect the dignity of Bolivians" -
its up to You to judge the fairness of the
deal ? -
do your own DD --
don't rely only on - the news media - often
controlled by the same group? -
http://tinyurl.com/f4wnw
Note,
the American companies have often always -
given 50% to the country they operate in -
like they do go - hand in hand - with
ex. Saudi Arabia etc. -
long term relationship -
http://en.wikipedia.org/wiki/Ibn_Saud
.
Bolivia's President -
Evo Morales -
has signed a decree -
- in a May Day speech, he said -
- the companies had six months
to re-negotiate their contracts
and urged them to -
"respect the dignity of Bolivians". -
is it fair to the people ? -
Brazil and Spain -
have both expressed concern at the move -
The main foreign oil firms operating in Bolivia
are Brazil's Petrobras, the Spanish-Argentine
company Repsol YPF,
British companies
British Gas and British Petroleum,
France's Total -
The Brazilian government
called the moves unfriendly and
said their operations in Bolivia
were under review -
The Spanish Foreign Ministry expressed
its deep concern and said it hoped
there would be authentic negotiations
and dialogue -
Bolivia has South America's
second largest natural gas reserves.
But the country has suffered years
of political crises over how to develop
and profit from the industry.
Evo Morales -
is voted in by the average Bolivian -
who has been ill treated to become poor -
in the past -
Evo said, the companies had six months
to re-negotiate their contracts and
urged them to "respect the dignity of Bolivians"
its up to You to judge the fairness of the
deal ? -
do your own DD --
don't rely only on - the news media - often
controlled by the same group? -
http://tinyurl.com/f4wnw
Note, the American companies have often always -
given 50% to the country they operate in -
like they do to Saudi Arabia etc.
http://en.wikipedia.org/wiki/Ibn_Saud
.
Franklin Oil & Gas,
Bolivia and YPFB Partnership
Franklin Oil & Gas,
Bolivia and YPFB Partnership
Not Affected By Nationalized
Natural Gas Industry
Tuesday May 2, 11:55 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2006--
Franklin Mining, Inc.
(OTC Pink Sheets:FMNJ - News) CEO Jaime Melgarejo -
issued the following statement concerning news
reports of Bolivia's military having taken
control of gas fields.
"On Monday, May 1, 2006,
President Evo Morales -
ordered the military and executives of YPFB to take
control of Bolivia's energy industry including
gas fields, pipelines and refineries.
This action was not altogether unexpected in that
one of President Morales' campaign promises was
to nationalize the natural gas industry if
elected.
President Morales has also repeatedly said he will
not expropriate foreign companies' assets.
"Franklin Mining's newly formed subsidiary,
Franklin Oil & Gas,
Bolivia, is a Bolivian corporation and has
previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
gas-to-liquid plant in the Santa Cruz department.
Our MOU appears to be in full accord with
requirements of President Morales' decree.
"Franklin Oil & Gas,
Bolivia continues working with their La Paz
attorney, Quintanilla & Soria, and continues
to move forward with implementation of our
YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU signed last
week might be the first new operating contract
under President Morales' May 1 decree.
"Whether or not our partnership agreement is
recognized as the energy industry's first new
operating contract, we are honored to have
been chosen by YPFB to be their partners in
constructing and operating Bolivia's first
gas-to-liquid plant producing diesel fuel
and other natural gas liquids."
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.
Additional information on company operations is
found at our website
http://franklinmining.com
To receive future company announcements by
e-mail, please send your contact information to
info@franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin, 619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
He is with You FMNJ got Cerro Rico -
http://tinyurl.com/zdggd
Gold taken out $666.- UP $8,88 -
Next Target +$888 -
Silver to follow -
.
Franklin Oil & Gas,
Bolivia and YPFB Partnership
Franklin Oil & Gas,
Bolivia and YPFB Partnership
Not Affected By Nationalized
Natural Gas Industry
Tuesday May 2, 11:55 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2006--
Franklin Mining, Inc.
(OTC Pink Sheets:FMNJ - News) CEO Jaime Melgarejo -
issued the following statement concerning news
reports of Bolivia's military having taken
control of gas fields.
"On Monday, May 1, 2006,
President Evo Morales -
ordered the military and executives of YPFB to take
control of Bolivia's energy industry including
gas fields, pipelines and refineries.
This action was not altogether unexpected in that
one of President Morales' campaign promises was
to nationalize the natural gas industry if
elected.
President Morales has also repeatedly said he will
not expropriate foreign companies' assets.
"Franklin Mining's newly formed subsidiary,
Franklin Oil & Gas,
Bolivia, is a Bolivian corporation and has
previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
gas-to-liquid plant in the Santa Cruz department.
Our MOU appears to be in full accord with
requirements of President Morales' decree.
"Franklin Oil & Gas,
Bolivia continues working with their La Paz
attorney, Quintanilla & Soria, and continues
to move forward with implementation of our
YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU signed last
week might be the first new operating contract
under President Morales' May 1 decree.
"Whether or not our partnership agreement is
recognized as the energy industry's first new
operating contract, we are honored to have
been chosen by YPFB to be their partners in
constructing and operating Bolivia's first
gas-to-liquid plant producing diesel fuel
and other natural gas liquids."
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.
Additional information on company operations is
found at our website
http://franklinmining.com
To receive future company announcements by
e-mail, please send your contact information to
info@franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin, 619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
He is with You.
Eurasia Gold Corp. -{/b]
since the Calgary group bought EGX in
early 1990 -
the bankster short selling clowns -
has bashed down EGX constantly -
with 10000's of negatives messages -
fantasy inproper messages posted -
on EGX IT forums which the LT
EGX Chart below clearly reflecting -
Since the Calgary group bought the EGX -
Gold Producing Mines -
they have been absolute to 100% smeared -
by short sellings and bad clowns neg. talking -
Still EGX - has constantly increased production -
from 6000 ounce Gold - to Au 30000 ounces per year -
payed down 95% of long term debt -
modernized mill operations and all
infrastructure -
POG has doubled and all looking 100% better for
Eurasia Gold Long Time Shareholders -
Note. i am very proud and pleased to be a shareholder
of Eurasia Gold Mines and sure that other
investors also will discover -
The Eurasia Gold Mines -
good future opportunities -
recently EGX made a takeover - Fusion - Merger -
- Amalgamation of most Gold Mines in Eurasia -
- increased their Gold deposits and production -
- and assets with about 10 times -
- by the takeover of -
- Charaltyn - Gold, Silver & Copper Mines -
http://tinyurl.com/7r4f5
http://www.investorshub.com/boards/board.asp?board_id=5452
Eurasia Gold Corp. - EGX - TSE -
http://tinyurl.com/hugrg
Note. not many EGX available -
http://tinyurl.com/8t8yp
Best Regards
Bob
Eurasia Gold Corp.
- oversold / undervalued -
John, i am an EGX partner shareholder -
for about 15 years and seen:
- since the Calgary group bought EGX in
early 1990 -
the bankster short selling clowns -
has bashed down EGX constantly -
with 10000's of negatives messages -
fantasy inproper messages posted -
on EGX IT forums which the LT
EGX Chart below clearly reflecting -
Since the Calgary group bought the EGX -
Gold Producing Mines -
they have been absolute to 100% smeared -
by short sellings and bad clowns neg. talking -
Still EGX - has constantly increased production -
from 6000 ounce Gold - to Au 30000 ounces per year -
payed down 95% of long term debt -
modernized mill operations and all
infrastructure -
POG has doubled and all looking 100% better for
Eurasia Gold Long Time Shareholders -
Note. i am very proud and pleased to be a shareholder
of Eurasia Gold Mines and sure that other
investors also will discover -
The Eurasia Gold Mines -
good future opportunities -
recently EGX made a takeover - Fusion - Merger -
- Amalgamation of most Gold Mines in Eurasia -
- increased their Gold deposits and production -
- and assets with about 10 times -
- by the takeover of -
- Charaltyn - Gold, Silver & Copper Mines -
http://tinyurl.com/7r4f5
http://www.investorshub.com/boards/board.asp?board_id=5452
Best Regards
Bob
An ongoing company -
Since they choose to trade -
filing the required reports? -
we really want to know -
its to do the dd...
http://tinyurl.com/jjyjg
PINKSHEET’S ISSUER
INFORMATION AND DISCLOSURE STATEMENT
PURSUANT TO RULE 15c211
(i). NAME OF ISSUER:
PEARL ASIAN MINING INDUSTRIES, INC.
(Incorporated: State of Wyoming, U.S.A.)
(ii). ADDRESS:
PHILIPPINES: 3101- B East Tower, PSE Centre -
Philippine Stock Exchange, Exchange Road,
Ortigas, Pasig City,
1605
+63-2- 490-0140 *
Fax: +63-2-490-0144
TELEPHONES: IR # 1(770) 336. 5824
Fax # 1(877) 317.4430
Direct # 1(866) 732.7888
URL http://www.PearlAsianMining.com
Or For Daily Progress Reports
http:// www.StockInformationSystems.com
Enter Symbol: PAIM
CONTACT: E. Pearl Asian
(iii). DATE OF INCORPORATION:
July 29, 2005 State of Wyoming, USA Certificate # CID- 2005-00497110
(iv). CLASS OF SECURITIES & PAR VALUE:
A. COMMON: CUSIP # 704755 10 7 Symbol: PAIM
Wyoming Corporation: Par value = $0.001
B. PREFERRED: CUSIP # 704755 20 6 Symbol: tbd (?)
Wyoming Corporation: Par Value = $0.00000001
(v). TOTAL NUMBER OF SHARES OUTSTANDING:
COMMON PREFERRED
(As of March 13, 2006)
A. Authorized UNLIMITED UNLIMITED
B. Outstanding 30,044,316,000 App. Over 30 Trillion
C. Freely Tradable 5,044,316,000
App. over 2 Million
( Public Float) (Effective March 31, 2006)
App. 30 Trillion
D. Number of Shareholders App. 5,000 App. 5,000
(vi). LIST OF OFFERINGS OF SECURITIES:
whether private or public by the issuer
within the two year period ended on the last day of
the issuer’s most recent fiscal year
and from such day to the date the issuer has provided
information in response to this
item:
NONE
(vii). NAME AND ADDRESS OF THE TRANSFER AGENT
AMERICAN HERITAGE STOCK TRANSFER CORPORATION
MARKHAM, ONTARIO, CANADA L3R 0G4
(416) 496-6914
Registered with the U.S. S.E.C. under the Exchange Act of 1934
(viii). NATURE OF ISSUER’S BUSINESS
(OTC Symbol : PAIM - Common)
Gold, Silver & Precious Metals Industry
Exploration, Development & Production
About the Company
Pearl Asian Mining Industries, Inc.
is an international mining company exploring the world
for opportunities to open or reopen mine facilities and develop them into productive and
profitable operations.
Utilizing a debt-free Financial Statement, and world-class
mining expertise,
PAIM is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. was created in the spring of 2003 to fulfill the vision of a
highly profitable business based on the mining of gold and other God-given mineral resources.
Drawing on world-class and world-renowned mining, mechanical, electrical & civil engineers,
geologists, and support teams, Pearl Asian Mining Industries, Inc. is a growing international
mining operation that is working to realize the potential of previously underdeveloped mining
operations.
Pearl Asian (Symbol: PAIM-OTC US Stock Market) is fully committed to both its investors
and the host communities in which it operates and will use its impressive technical resources to
ensure the best for all parties. Whether addressing returns on investment or health and safety
protection, Pearl Asian Mining Industries pledges the highest degree of concern.
Pearl Asian Mining Industries Inc. (PAIM) currently owns 100% of the 12 mining claims in
the Vancouver Island, British, Columbia, Canada.
PAIM owns 100% of the Mining Operation
Agreement (MOA), a joint venture with
the Pearl Asian Mining Industries- Domestic Philippines
Corporation, the local Philippine Claim Holder.
PAIM is entitled up to 40% Equity Net-Profit
Mineral Sharing of the Pearl Asian Mining- Domestic
Philippines Corporation, that owns 100%
of the Small Scale Mining Permit (SSMP) claim right and
staked to operate on the 20 hectares of
the XYZ Gold Mine Site.
Pearl Asian – Philippines
has a pending application approval for its Philippines' Mining
Production Sharing Agreement (MPSA) for overall
total 1,800 hectares of
the XYZ Gold Mine
Site.
MPSA is the equivalent of the Mining Rights in US & Canada.
Pearl Asian's mission and vision is to partner with the Philippine Government and its local
host communities in order to acquire abandoned mines
with known and proven gold reserves left
for centuries.
In addition, Pearl Asian is involved in providing
products and services targeting the
small scale miners in order to create an orderly
and sustainable gold and mineral productions that
promote the growth of this newly-born,
Mining Revival Industry Sector of the Philippines.
This Small Scale Mining
is a Community Livelihood Economic Base that covers
1% of the total
Philippines Gold Mines
and a substantial amount of Gold production output.
PAIM has selectively engaged highly qualified engineers and support team personnel into the
organization and who have the right contacts and connections that could compete reasonably well
in this business.
Pearl Asian Mining Industries
management, with their in-depth experience
selectively screens mineral claims with low potential risk.
These potential risks, such as the
presence of Indigenous People or claim with ancestral domain, security, peace & order problems,
presence of small scale miners, political problems, N.G.O. oppositions, etc., are considered
hindrance in the success of the mining industry.
The advantages of the Pearl Asian (PAIM)
over the competition includes the engagement of
the right key management group and team of highly
qualified and experienced all around
Engineers who are really knowledgeable of this kind
of business; use of minimized risk by claim
selection and screening; engagement of Geologists
with hands on experience of the area or the
potential mineral claim; and engagement of experienced
Chemists and Metallurgists to process
and extract the gold, silver and other precious metals
from the rest of the minerals present in the
raw ores, with consideration of the use of non-toxic
chemicals or substances, and the use of safe
Chemical Assay that may have effect on the safety
of the people and the environment..
Following the reversal of the decision by the Supreme Court
of the Philippines legitimizing
the New Mining Act of 1995, a number of interested investors
both local and foreign groups has
started to generate interest on mining in the country.
The big competition is more on the filing of
mineral claims and the potential joint venture with the
local claim holders.
Similarly, the economic boom in China opens door to mining business where the demands of minerals
particularly in the supply of raw materials such as Iron, Manganese, Chromite, Nickel, etc. hence
making claims on mineral lands competitive.
Pearl Asian Mining Industries Inc.
(Symbol PAIM) is a multi-national mining company
incorporated under the Laws of the State of Wyoming, USA on July 29, 2005.
It was originally
and concurrently incorporated under the Laws of
the Province of Ontario; Extra-Provincially
Incorporated in the Province of British Columbia, Canada
in 2003.
It is also incorporated under
the Laws of the Republic of the Philippines, and duly
registered with the Philippines SEC.
Pearl Asian Mining Industries, Inc.
is leading the Filipino mining industry into the 21st
century.
Pearl Asian Mining currently trades on the OTC under
the symbol: PAIM.
NOTE I.
Pearl Asian Mining Industries, Inc. is now waiting for
the final issuance of the certificate of its
Mineral Production Sharing Agreement (MPSA) Certification & Claims, Permit & License to
perform mining operations in the Philippines
(an equivalent of the mining rights in the US &
Canada). On Nov. 22, 2005, Pearl Asian has received
the Small Scale Mining Permit (SSMP), a
claim right to stake and mine on the 20 hectares of
the XYZ Gold Mine Site.
MPSA application
& approval was issued by the Region V- Mines & Geosciences Bureau on October 4, 2004. The
final MPSA Certification is to be issued by the DENR, is a mining claim right to stake and to
operate with the proven reserves of GOLD, SILVER- COPPER in the XYZ Baleno Gold
Project.
a) MPSA Application (APSA-000320-V, Area of 751.8843 hectares)
b) 1,100 hectares of land in Baleno Exploration Permit Application (EXPA-
000041-V, Area of 1,127.5939 hectares)
c) SSMP Certification on 20 hectares – Exploration and operation of the XYZ
Mineral Deposits.
The XYZ GOLD MINE SITE is a Pre-World War II Gold Mining Property with High Grade
Gold Ores containing an average of approximately 90.37 grams per ton of gold and 533.6 grams
per ton of silver. After installation of 50-250 tpd (tons per day) Mineral Processing & Production
Plant, PAIM will and can process an average of 15 grams of gold per ton of ores per day and can
produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day.
In 1997, A Canadian Company (Pottinger - Gaherty Evironmental Consultants Ltd., CANADA).
did a written exploration and feasibility report showing the following.
Estimated Monthly Revenue at the cost of US $400.00 per troy oz.
120.57 oz X $400.00/oz = app. US $ 48,228.00 per day
Estimated Yearly Gross Revenue :
$ 48,228 per day X 269 days per year only = USD $12,973,332
Note:
The cost of the SSMP & MPSA Mining Claims to PAIM was approximately $18,000.00.
The value of the 12 mining claims in British Columbia, Canada is based on the historic cost
of $30,000 in common stocks of PRLGF.
NOTE 2.
The 21.07 acres are in lot # 7 in the Keone’s Hawaiian Ranchos Estates Subdivision, Kahuku
Kau, Big Island of Hawaii. This raw land is flat and ready to be developed and is one of the 22
parcels situated on an over 400 acres of the above subdivision leading towards the ocean on the
southern tip of the island of Hawaii. The property is approximately 20 minutes south of the
beautiful and famous Kona Coffee Plantation and 50 minutes south from Kona Airport. The
Keone’s Hawaiian Ranchos Estates are located in between two developed estates called the Kona
Garden Estates and the Kona Kai Estates, that are currently developed with paved roads, gated,
fenced and utilities ready for hook-up. This asset is book at the cost of $200,000 which was
acquired using shares of PRMN.
NOTE 3.
PAIM holds the Securities and are made up of 3,000,000 common shares of stock in Equity
Retirement Distributions (Canada) Ltd.; is booked at $300,000.00 based on the fact that PAIM
issued $300,000.00 worth of its newly issued stock for it.
NOTE 4
Pearl Asian Mining acquired 100% of Western Pacific Minerals Ltd which included an
undivided 100% interest in a block of 49 mineral claims commonly called the PANAMA I, II, III,
IV, located in the Province of British Columbia, Canada. The properties are Located in the
historic Slocan Trail Creek and Nelson Mining Districts of the Southeastern Province of British
Columbia. Shareholders of PRLGF are to receive 1 share of Western Pacific for every share of
PRLGF held on September 30, 2004. On October 30, 2004 the shares of Western Pacific are to be
sent to the shareholders of PRLGF. Therefore the shares of Western Pacific are treated on the
balance as both an asset at historic cost for PRLGF shares and as a liability because as of
September 30, 2004, the investment in Western Pacific now belongs to the shareholders of record
beneficially on that date.
PLEASE NOTE THAT PRLGF & PRMN COMMON STOCKS ARE NOW UNDER
THE PAIM COMMON STOCKS.
(ix). THE FORM OF ORGANIZATION OF THE ISSUER: Corporation
a. YEAR THE ISSUER WAS ORGANIZED: 2003
b. ISSUER FISCAL YEAR END DATE: December 31st
c. DID THE ISSUER HAS BEEN IN BANKRUPTCY, RECEIVERSHIP OR ANY
SIMILAR PROCEEDINGS: No
d. ANY MATERIAL RE-CLASSIFICATION, MERGER, CONSOLIDATION, OR
PURCHASE OR SALE OF A SIGNIFICANT AMOUNT OF ASSETS NOT IN THE ORDINARY
COURSE OF BUSINESS:
HISTORICAL INFORMATION
l. April 25, 2003- Pearl Asian Mining Industries, Inc., is a Toronto, Ontario,
Canada Corporation (Stock Symbol: PAMJF). On Jan. 8, 2004, PAMJF acquired
100% of Western Pacific Minerals, Ltd. (WPML) having the original 49 Silver
Mining Claims in B.C., Canada. It was acquired in exchange for 17.5 Million
Shares of the Common Stocks of PAMJF.
ll. September 9, 2004 - PAMJF changed domicile, re-incorporated in the State of
Oregon, U.S.A. with a New Stock Symbol: PRMN, with increased of 1 common
share to 5 common shares Forward Split. Pearl Asian had the total outstanding of
250,000,000 Shares of PRMN.
lll. September 30, 2004 – Company issued Stock Dividends.
IV. December 14, 2004 - Pearl Asian Mining– Oregon Corporation (PRMN) traded
200,000,000 common shares (40%) of the WPML for 500,000,000 common shares of
Mellon Research Company (Stock Symbol: MLON) for a MLON Stock Certificate
bearing 500,000,000 Common Shares, booked at the cost of $5,000.00.
The company only transferred to MLON the 200,000,000 Shares or 40% of the ISSUED
and OUTSTANDING SHARES of the WESTERN PACIFIC MINERALS, LTD. that
owned the 49 SILVER MINING CLAIMS at SLOCAN AREA, BC, CANADA. That
MLON OR PYCT does NOT own Pearl Asian Mining and MLON has NEVER been
involved in the management or operation of Pearl Asian Mining Industries, Inc.
Prior to that trade of Western Pacific Minerals, Ltd, Pearl Asian spun off to its
shareholders the other 60% of the issued and outstanding shares of Western Pacific
Minerals, Ltd.. As a result of the spin-off, Western Pacific (OTC: WTPCF) (CUSIP:
959140104) has more than 1,000 beneficial shareholders, as many in common with PAIM.
V. February 14, 2005 - Pearl Asian Mining Stock Symbol: PRMN had a Reversed
Split 25:1. As of July 18, 2005, the total outstanding common shares of PRMN are
30, 044, 316.
VI. April 14, 2005 – Pearl Asian Mining changed domicile to the Republic of the
Philippines with a New Stock Symbol: PRLGF. This carried all the current
outstanding shares of 30, 044, 316.
VI. January 12, 2006 - Pearl Asian Mining changed domicile to the State of
Wyoming, U.S.A.- New Stock Symbol: PAIM having an Unlimited Authorized
Common and Preferred Shares. Effective February 14, 2006, the total number of
common shares of the old symbol: PRLGF increased from 1 common share to
1,000 common shares Forward Split. The total Outstanding Common Shares of
PAIM is 30,044,316,000.
VI. February 18, 2006 - Pearl Asian Mining – Wyoming Corporation increased
the Authorized Preferred Shares to UNLIMITED number with a Par Value of
$0.00000001. The Board unanimously passed the increase to give dividends to
shareholders: That for every 1 Common Shares of PAIM bought on X-Dividend
Date of March 15, 2006 will receive a 1,000 Preferred Dividends to the
shareholders who bought PAIM Common Stocks. The company’s record date is
March 17, 2006. The Company’s pay date is March 31, 2006. NASD set the XDividend
Date to March 15, 2006.
VII. Pearl Asian Mining Industries (PAIM) DO NOT have any default on any
loan, leases or other indebtedness or financing arrangement requiring the issuer
to make payment on. Nor is there any change of control; NO increase in 10% or
more of the same class of outstanding equity securities; NO de-listing of the
Issuer’s securities in any exchange or NASD. There is NO current, legal, past,
pending or threatened legal proceedings or administrative actions either by or
against the issuer that could have a material effect on the issuer’s business,
financial condition, or operation. The Company will NOT do a Reverse Split as it
will decrease its current Market Capitalization.
VIII. PAST, PENDING OR ANTICIPATED STOCK SPLIT:
September 9, 2004 – Symbol: PAMJF Increased 1:5 Forward Split
February 14, 2005 – Symbol: PRMN Decreased 25:1 Reverse Split
February 14, 2006 – Symbol: PRLGF Increased 1:1000 Forward Split
March 31, 2006 - Symbol: PAIM To receive Dividends 1=1000
Preferred Shares Dividends to all Shareholders
that Bought Stocks of PAIM on March 15, 2006
B. BUSINESS OF ISSUER:
1. Primary and Secondary SIC Codes: CIK# 000 1317 716
SIC CODE 1040 – Metals & Mining
2. January 9, 2006- PAIM is currently conducting extensive explorations,
feasibility studies, developing infrastructures, building access roads and cell sites
to the XYZ Gold Mine Site. PAIM is designing and constructing a State-of-the-
Art & Environmentally Friendly Gold Mineral Processing Plants on the XYZ
Gold Mine Site.
3. Pearl Asian Mining Industries, Inc.- Philippines has a wholly owned
subsidiary:
A. Philippines Gold Mining Corporation, A Nevada Corporation (Stock
Symbol: PGMC) is included in the current financial statement.
PGMC will be utilized as the tool for raising other needed capital. The
Company plans to issue its first Initial Public Offering (IPO) in
order to raise up to $5,000,000.00 USD Capitalization needed for this
intensive capitalization for the gold project and PAIM ‘s increasing
growth, expansion, mine site development, real estates acquisitions,
land acquisitions and all mining equipment & other mechanical plant
acquisition.
PGMC intends to finance the cost of the building of the Pearl Asian
Metallurgical & Chemical Laboratory (PAMC LAB) and of the Gold /
Silver Smelting & Refinery Facility in Mandaue City, Island of Cebu,
Philippines.
PAMC LAB will be generating other revenues as it will offer its
Metallurgical & Chemical Assay Services to other big and small
mining companies in the Philippines and around the world.
4. Philippines regulations have great impact to all mining business as a whole.
Currently, Pearl Asian is in strict compliance with the Philippines SEC as
well as the Government Rules & Regulations.
5. During the last 2 1/2 Fiscal Years, Pearl Asian Mining spent on start-ups,
research, exploration and developments and none were borne directly by
customers.
2003 $ 50,000 USD
2004 $ 160,000 USD
2005 $ 457,707 USD
6. Pearl Asian Mining spent an estimated cost on the following for the
Environmental Permits, Legal Fees, Certifications and Government
Compliance (Federal, State & Local)
2004 $ 80,000 USD
2005 $100,000 USD
7. Pearl Asian Mining currently employs 8 Full time employees and 18
Consulting Engineers & Other Administrative Team Supports, combined.
Within the next 45 days, it will be hiring more laborers of an estimated 20
skilled Engineers and 150 unskilled workers, to complete the manpower for
the XYZ Mine Site “Operation Gold Finger ”.
C. INVESTMENT POLICIES:
Pearl Asian Mining (PAIM) will acquire assets primarily for capital gain,
growth and income combined.
1. PAIM currently owns a free and clear 21.07++ acres of vacant lots,
located in the Big Island of Hawaii, USA.
2. Pearl Asian –PAIM acquired and bought the 3,000 Square Meters of
industrial lot in Mandaue City, Island of Cebu , Philippines. This will be used
for its own Metallurgical /Chemical Laboratory & Gold Refinery Facility, with
an approximate land value of $1,000,000 USD. The estimated total cost to build
and purchase the necessary machineries and equipments for the PAMC LAB &
Gold Refinery Facility is $ 2,000,000.00 USD.
(viii). NATURE OF PRODUCTS OF SERVICES:
1. Gold, Silver and all other precious metals are to be sold in the
(LBME) London Bullion Metal Exchange, Central Banks, private
electronics or other industrial companies, various companies such as
jewelry makers or private individuals.
2. PAIM will have its Gold & Silver Smelted and Hall Marked into
Bullion, with the Credit Suisse, Geneva, Switzerland.
3. The Issuer’s competitive position in the industry and other methods
of competitions are:
Local small scale miners, Big Scale Miner such as Lepanto,
Philex Mines, Benguet, Placer Dome and more.
4. Pearl Asian will buy some raw ores from the small scale miners,
besides mining the existing 6 tunnels and 4 trenches from its own
mining claims in the XYZ Gold Mine Site.
5. Pearl Asian Mining Industries, Inc. (PAIM) has an agreement to
share the net production profit (MPSA) with the Republic of the
Philippines that runs between 1% to 3% for every mine site.
6. Government approval is mandatory. Pearl Asian has on file with the
Region V – Bureau of Mines & Geo-Sciences and DENR
(Department of Environmental & Natural Resources) the following:
a. MPSA Application # APSA-0003200-V, a total Area of
751.8843 hectares in Baleno, Masbate Island, Philippines.
b. EXPA Exploration Permit # EXPA-000041-V, a total Area of
1,100 hectares of land in Baleno, Masbate Island.
c. Exploration of XYZ Mineral Deposits, total Area of
1,127.5939 hectares.
d. SSMP – Small Scale Mining Permit, (Permit No. 005-05 O.R.
No. 1956032 D, for a total Area of 20 hectares- On November
22, 2005, the SSMP has been approved, signed, certified and
issued by the local government of the Island of Masbate .
The MPSA Applications were already on file since 2004, just waiting for
the final certification from the Secretary of the DENR. The local MGB Region
V where the XYZ Mine Site is located, had already approved the applications
with all its complete and strict compliance, both on the SAFETY &
ENVIRONMENTAL ISSUES and PROTECTION OF ITS INDIGENOUS
PEOPLE, if any.
(x). NATURE AND EXTENT OF THE ISSUER’S FACILITIES:
A. Philippines Corporate HDQ. – 3101-B East Tower, PSE Center,
Philippines Stock Exchange, Ortigas, Pasig City, Metro Manila,
Philippines 1605. LEASED - $ 1, 300.00 / month.
B. Corporate & Staff Housing – St. Francis Bldg. Units 20-F, 33 E & F.
Ortigas Center, Pasig City, Philippines. Purchased @ $480,770 USD
C. Pearl Asian Metallurgical / Chemical Laboratory & Gold Refinery
Center- Mandaue City, Cebu Island, Philippines. Purchased @
$1.0 Million USD
D. ON-SITE Engineer Housing Staff & Mine Site Office - Masbate City –
LEASED= $200.00 / month
E. PEARL ASIAN MINING EMPLOYEES is adequately covered with
insurance policies that includes Life, Disability, Health, Dental &
Accidental Insurance & Retirement Plans.
(xi) MANAGEMENT TEAM, OFFICERS, BOARD OF DIRECTORS,
COUNSELS & ACCOUNTANTS:
Engr. Peter C. Caleon
BOARD DIRECTOR & GOLD MINING ADVISOR
Peter is a native born Philippines who graduated from the MAPUA Institute of Technology
with a Bachelor of Science in Mining Engineer. He continued with postgraduate studies at
the International Institute for Aerial Survey and Earth Science in Daft, Holland (graduating
with highest honors). He holds professional licenses of Geologists and Mining Engineer.
Peter's past positions include Supervising Geologist, Regional V Director of the Bureau of
Mines & Geo-Sciences, Asst. Director of Mines and Geosciences Bureau, Regional
Executive Director of the Department of Environmental Resources and Asst. Secretary of
the Department of Environment and Natural Recourses. Peter brings to the company his
experience and valuable contacts to Pearl Asian in order to obtain all the necessary
requirements by government compliance, issuance of permits and licensures needed
through out the Philippine Mining Industry.
Pete is the leading officer of the Pearl Asian Mining Industries, Inc.- Philippines company,
responsible for the company's continuous gold mining growth and rapid expansion with
the strict compliance to all government requirements..
Randolf Villanueva
President
Randolf Villanueva has been with the company since February, 2004. He is one of the
Leading Key Officers in the development and the incorporations of Pearl Asian Mining
Industries, Inc. in the Philippines. He has developed keen knowledge and hands on
experience dealing with various big scale mining companies such as Benguet Gold Mines
and Filminera Resources, Inc. He was involved in the negotiations with small scale miners
and acquisition of various mining claims and Mineral Productions and Sharing Agreement
(MPSA) Applications. Randolf has been actively involved with all the internal affairs of
Pearl Asian Mining Industries, Inc. PAMI, since 2004. He presented the Pearl Asian's "XYZ
Gold Projects" at Harvard Business Club Symposium sponsored by Friedland Capital in
New York City in October, 2004. Randolf is pursuing his higher interest to further his
studies to complete his Degree in Mining Engineering Management.
Randolf Villanueva is a great asset to Pearl Asian as he will carry with him his engineering
management expertise and experience: thus he will bring the new Nevada Corporation of
PGMC to its next level of exchange from OTC to Bulletin Board then to AMEX. His ultimate
mission is to seek the highest Return of Investments (ROI) for the benefit of all the existing
shareholders and the future investors of Pearl Asian Mining Industries, Inc. PAIM.
Father Ariel
V.P./Community Relation Officer
Father Ariel is leading the Pearl Asian Mining Industries, Inc. in the community relations
and development aspect; to provide information and plans, as being channeled through
meetings with the members of the host communities, the local government officials, the
local and international NGO's (Non-Governmental Organizations) groups, and the
Indigenous People who live in the company's mining sites and immediate premises. He is
the positive force responsible to discuss to these groups of people the mutual benefit of
Pearl Asian's Mission & Vision to the community, as well as the Pearl Asian's plans and
developments with emphasize on the symbiotic involvement of each groups in order to
attain the Pearl Asian’s Mission and Vision - The GOAL:
a. To establish harmonious working relations,
b. To provide sustainable jobs to the community,
c. To provide health care protections,
d. To provide education through scholarships to all deserving student.
e. To preserve and protect the community's environment.
Father Ariel is one of the reasons and the Key to the success of Pearl Asian's Mining
Operation as he understands the importance of a solid alliance with the community, both
personal and business levels: Working Together for a Common Cause of Harmony, Peace,
Prosperity & Love.
F. Pearl Asian, The Founder/Chairman
A true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc.
Her ambition and drive is helping to realize the potential of valuable mining properties that
have been under-developed and under-utilized for decades. She is focused on providing a
profitable return for investors, coupled with her humanitarian mission, to assist in providing
sustainable jobs, the gift of education for the under-privileged children, healthcare benefits
for the people and environmental protections of the communities. It is also her vision to
make Pearl Asian Mining Industries, Inc. as the “Model” for all mining companies in the
Philippines; as the “Pioneer” to make use and leverage the involvement of the communities,
the local and international NGO’s (Non-Governmental Organization), to participate in the
development of the Philippines Mining Industries and to become as a One Team to help
sustain the economic stability, community involvements and environmental protections of
the Republic of the Philippines. In 2003, Pearl has taken a "mom and pop" mining operation
in the Philippines to a fast growing multi-national gold mining company.
BOARD OF DIRECTORS
CHAIRMAN E. PearlAsian
PRESIDENT Randolf Villanueva
VP/ CRO Fr. Ariel
ADVISORS
Mining/Geologist Engr. Pete Caleon
Plant Machineries Procuremen Engr. JR Famor
Consulting Geologist Gil Apuya Geological Co.
Exploration Development-Canada James W. Laird
Legal Counsel / CPA / CFO Atty. Earl Diao, IV
E.V.P. / Field Security MsSgt. Edward Madrid
HEAD OFFICE ADMINISTRATION
EVP / SEC & HRD MGR. Abegail Dormitorio
EVP / AUDITOR / RISK MGMT. Arlene Balagbagan
PROCUREMENT MGR. Arnel Morilla
XYZ OPERATION GOLD FINGER TEAM
1. Consultant - Chief Mining Officer (CMO) Socrates Serrano
2. Overall-In-Charge Mining Engineer (OIC) Jonathan Mercado
ENGINEERS-IN-CHARGE
3. Design & Plant Development Engineer (DPD) Ricardo Bernardo
(To Include Cebu Gold Refinery Facility)
4. Tunnels Rehab & Underground Mines Develop. Cesar Rosales
5. Safety Dev. & Environmental Protection (SDEP) Trecero Reyes
6. Road & Infrastructures Development (RCSID) Ruben de Los Santos
7. Land Mine & Satellite-Cell Site Surveyor (LMSCS) Michael J.Penalosa
8. Senior Field Geologist Regino Selvano
9. On-Site Host Community Development Director Manolo Tecson
10.Computer IT/ Import & Export Director Gil Apuya III
PEARL ASIAN METALLURGICAL & CHEMICAL ASSAY LAB (PAMC LAB)
11. Director & EIC Business Development Anthony Gary Gotanco
Chief Chemical Engineer
12. OIC Metallurgist Elvis Hidalgo
13. EIC Research & Development Rochelle Laylay
14. EIC Quality Assurance / Quality Control EmyLyn Noma
VISION STATEMENT
Pearl Asian Mining Industries, Inc. (PAIM) will lead the Filipino mining industries into the 21st
century. Pearl Asian Mining is globally committed to its international shareholders for generating
excellent Return On Investments (ROI).
To make Pearl Asian Mining Industries, Inc. the “Model” for all mining companies in the
Philippines; the “Pioneer” to make use and leverage the involvement of the host communities, as
well as the local and international NGO’s (Non-Governmental Organization; and the “A Team”
to help sustain the economic stability of the Republic of the Philippines, by participation in the
development of the Philippines Mining Industries, as well as the involvement of its host
community and environmental protections.
MISSION STATEMENT
It is the ultimate mission and intention of Pearl Asian Mining Industries, Inc. (PAIM) to partner
with the Philippine Government and its local host communities in order to acquire abandoned
mines with known and proven gold reserves, left untapped and abandoned for centuries. Pearl
Asian will make profitable business operation side by side with environmental protection and
sharing of benefits to host communities through adoption of maximum efficiency and applicable
state-of-the-art technologies.
Pearl Asian Mining (PAIM) is teamed up with world-class, experienced, renowned & select
cream of the crop Mining, Mechanical, Electrical, Civil, Chemical & Metallurgical Engineers,
Geologists and other highly qualified support team members, who will become the corporate
model to make a real and lasting contribution to the communities in which Pearl Asian operates
considering all aspects of its safety and healthy environment.
As of February 21, 2006:
The officers, Directors, Consultants and Counsels DO NOT own more than 5%
of the outstanding shares of PAIM.
NONE of the officers or control persons have been convicted or named as a
defendant in any criminal proceedings.
NONE of the officers or control persons have any orders, judgments, decrees
that are permanently or temporarily enjoined, barred, suspended or otherwise
limited such person’s involvement in any type of business, securities,
commodities, or banking activities.
NONE of the officers or control persons has findings or judgment by a court of
competent jurisdiction (in civil action), the SEC, the CFTC, or a state securities
regulator of a violation of federal or state securities or commodities law.
THERE HAS NOT BEEN any order by a self regulatory organization that
permanently or temporarily barred, suspended or otherwise limited such
person’s involvement in any type of business securities.
(xii). THE ISSUER’S MOST RECENT BALANCE SHEET and PROFIT & LOSS
& RETAINED EARNINGS STATEMENTS:
See the posted 2005 Audited Financial Statement
January 31, 2006
By an Independent External Auditor
MARCO C. ILANO, MBA
CERTIFIED PUBLIC ACCOUNTANT
Cagayan de ORO, Misamis Oriental
PHILIPPINES
FMNJ - TO ALL Long Shareholders -
Franklin Mining -
has got everything FMNJ asked for -
please read the FMNJ - NEWS - one more time -
FMNJ - We Have Got - Agreement On -
1. The Mining Operation at
- The Cerro Rico Mine - in Potosi -
2. The Construction of # 1 - Gas-to-Liquid Refinery
in the Santa Cruz department.
3. In addition -
Franklin Oil & Gas, Bolivia's Partnership with YPFB -
FMNJ - will Coordinate and Manage Both Domestic and
Export Sales and Distribution -
of Diesel Fuel Produced in their
New Gas-To-Liquid Refinery.
Franklin Mining, Inc. -
Finalizes Agreements with COMIBOL and YPFB -
Franklin Mining, Inc. Finalizes Agreements -
with COMIBOL and YPFB -
Monday May 1, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--May 1, 2006--
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at the Cerro Rico Mine in Potosi
and that a Memorandum of Understanding has been
signed with -
Yacimientos Petroliferos Fiscales Bolivianos -
(YPFB) for construction of a gas-to-liquid refinery
in the Santa Cruz department.
In addition, Franklin Oil & Gas, Bolivia's
partnership with YPFB will coordinate and manage
both domestic and export sales and distribution
of diesel fuel produced in their
new gas-to-liquid refinery.
Both the COMIBOL Letter of Intent and the YPFB
Memorandum of Understanding will be delivered to
Franklin Mining, Inc.'s attorneys,
Quintanilla & Soria, La Paz, Bolivia,
for final review.
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.
Additional information on company operations is found at
our website -
http://franklinmining.com
To receive future company announcements by e-mail,
please send your contact information to info@franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin,
Tel. 832-248-6211
info@franklinmining.com
Source: Franklin Mining, Inc.
http://tinyurl.com/zdggd
He is with us.
http://tinyurl.com/jlxnb
Pearl Asian Mining Industries Inc. (PAIM)
SqueezeTrigger Price Is $0.00022 -
Friday April 21, 9:00 am ET
Approximately 3.1 Billion Shares Shorted Since January 2005 According To Buyins.net Research Report
MANILA, Philippines--(BUSINESS WIRE)--April 21, 2006--M2 PRESSWIRE / BUYINS.NET, www.buyins.net,
is initiating coverage of -
Pearl Asian Mining Industries Inc.
(OTC:PAIM - News) after releasing the latest short sale
data to April 2006. From January 2005 to April 2006 approximately 39.6 billion total aggregate shares of
PAIM have traded for a total dollar value of nearly
$8.6 million. T
he total aggregate number of shares shorted in this
time period is approximately 3.1 billion shares.
The PAIM SqueezeTrigger price of $0.00022 is
the volume weighted average short price of all short
selling in PAIM.
A short squeeze is expected to begin when shares of
PAIM close above $0.00022.
To access SqueezeTrigger Prices ahead of potential
short squeezes beginning, visit
http://www.buyins.net.
Month Total Volume Short Volume Avg. Price Short $ Value
----- ------------ ------------ ---------- -------------
January '05 28,457,320 2,191,214 $0.00090 $1,972
February 24,295,600 1,870,761 $0.00080 $1,497
March 33,403,000 2,572,031 $0.00160 $4,115
April 76,354,000 5,879,258 $0.00060 $3,528
May 221,336,000 17,042,872 $0.00020 $3,409
June 231,350,000 17,813,950 $0.00010 $1,781
July 57,765,000 4,447,905 $0.00010 $445
September 15,892,000 1,223,684 $0.00010 $122
October 30,000,000 2,310,000 $0.00010 $231
November 45,850,000 3,530,450 $0.00010 $353
December 2,500,000 192,500 $0.00010 $19
January '06 375,038,400 28,877,957 $0.00670 $193,482
February 214,707,200 16,532,454 $0.00450 $74,396
March 34,544,240,640 2,659,906,529 $0.00013 $332,488
April 3,736,134,144 287,682,329 $0.00015 $43,152
Total: 39,637,323,304 3,052,073,894 $0.00022 $660,991
(a) short volume is approximated using a
proprietary algorithm.
(b) average short price is calculated using a
volume weighted average
short price.
(c) short volume is the total short trade volume
and does not account
for covers.
About Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries Inc.
is an aggressive gold mining company with a
portfolio of gold and silver mining interests
in the Philippines and Canada.
www.PearlAsianMining.com.
About BUYINS.NET
WWW.BUYINS.NET
is a service designed to help bonafide shareholders
of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling
a stock when no affirmative determination has been made
to locate shares of the stock to hypothecate in
connection with the short sale.
Buyins.net has built a proprietary database that
uses Threshold list feeds from NASDAQ, AMEX and NYSE
to generate detailed and useful information to combat
the naked short selling problem.
For the first time, actual trade by trade data is
available to the public that shows the attempted
size, actual size, price and average value of
short sales in stocks that have been shorted and
naked shorted.
This information is valuable in determining the
precise point at which short sellers go out-of-the-money
and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that
collects, analyzes and publishes a proprietary
SqueezeTrigger for each stock that has been
shorted.
The SqueezeTrigger database of nearly 700,000,000
short sale transactions goes back to January 1, 2005
and calculates the exact price at which the Total Short Interest is short in each stock.
This data was never before available prior to
January 1, 2005 because the Self Regulatory
Organizations (primary exchanges) guarded it
aggressively.
After the SEC passed Regulation SHO, exchanges
were forced to allow data processors like Buyins.net
to access the data.
The SqueezeTrigger database collects individual
short trade data on over 7,000 NYSE, AMEX and
NASDAQ stocks and general short trade data on
nearly 8,000 OTCBB and PINKSHEET stocks.
Each month the database grows by approximately
50,000,000 short sale transactions and provides
investors with the knowledge necessary to time
when to buy and sell stocks with outstanding
short positions.
By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions,
traders, analysts, journalists and individual
investors the exact price point where short
sellers start losing money and a short squeeze
can begin.
All material herein was prepared by BUYINS.NET,
based upon information believed to be reliable.
The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be
considered to be all-inclusive.
The companies that are discussed in this opinion
have not approved the statements made in this
opinion.
Pearl Asian Mining Industries Inc.
has paid $2,985.00 to purchase data for information
provided in this and 2 additional reports.
The data service can be cancelled at any time.
This opinion contains forward-looking statements
that involve risks and uncertainties.
This material is for informational purposes only
and should not be construed as an offer or
solicitation of an offer to buy or sell securities.
BUYINS.NET is not a licensed broker, broker dealer,
market maker, investment banker, investment advisor,
analyst or underwriter.
Please consult a broker before purchasing or
selling any securities viewed on or mentioned
herein.
BUYINS.NET will not advise as to when it decides
to sell and does not and will not offer any opinion
as to when others should sell; each investor must
make that decision based on his or her judgment
of the market.
BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.
Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.
This release contains "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, results, or strategies and are generally preceded by words such as "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 companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
www.BUYINS.net
Thomas Ronk,
1-800-715-9999
Tom@buyins.net
Source: Pearl Asian Mining Industries Inc.
http://biz.yahoo.com/bw/060421/20060421005229.html?.v=1
So the 666 try to kill another
Gold Miner? -
are all the gov. bureaucratz bolshevikz leftz -
against Free Enterprise ? -
dont't let the devilz rule! -
show them out of America? -
http://www.888c.com/
Bless Christ The Lord
PEARL ASIAN MNG INDS INC
Pearl Asian Mining Industries
Contracts BUYINS.NET For Short Sale Data
To Be Used In A Squeeze Trigger Report Designed
To Combat Naked Short Selling In PAIM
4/18/2006
http://biz.yahoo.com/bw/060418/20060418005468.html?.v=1
So the 666 try to kill another
Gold Miner? -
are all the gov. bureaucratz bolshevikz leftz -
against Free Enterprise ? -
dont't let the devilz rule! -
show them out of America? -
http://www.888c.com/
Bless Christ The Lord
IHDR - You got it right -
http://news.bbc.co.uk/2/hi/americas/4963348.stm
- only the news media makes it bad -
its up to all to renegotiate -
FMNJ has done the negotiations -
FMNJ is very pleased with our -
Great deal -
http://tinyurl.com/qdgjx
IHDR you got it right -
The news doesn't apply to FMNJ ...
the foreign firms have six months now
to renegotiate their contracts or
else, he said,
the main foreign oil firms operating in Bolivia
are Brazil's Petrobras,
the Spanish-Argentine company Repsol YPF,
British companies British Gas and
British Petroleum and
France's Total.
LOL at ...
all who are dumping.
- the more volatility the better -
down fast - UP Fast -
the Higher it will jumP -
its small volume -
Hang on You guys are gonna make it
- rich !!
FMNJ - we're already working with
the Bolivia State -
the more who jump the ship -
the more FMNJ gets -
http://tinyurl.com/jlxnb
.
MM market makers try to shaking the tree -
try to get the young apples -
from the tree -
don't be Adam fooled -
hold on tight -
ride it out -
http://tinyurl.com/ejfj7
Let's move to higher ground -
the history repeat itself -
Potosi, Cerro Rico - next/^
http://tinyurl.com/zdggd
Bolivia is not to (nationalize) jeopardize
any oil & gas income -
- its an old bogus rep. scare tactic -
by neg. some who want -
your shares for less --
http://www.crisscross.com/us/news/15594
Bolivia need the oil & gas income -
Bolivia & Franklin -
is in trust -
http://tinyurl.com/jlxnb
http://tinyurl.com/qdunm
Franklin Mining, Inc. Finalizes Agreements with COMIBOL and YPFB -
Franklin Mining, Inc. Finalizes Agreements
with COMIBOL and YPFB
Monday May 1, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--May 1, 2006--
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at the Cerro Rico Mine in Potosi
and that a Memorandum of Understanding has been
signed with -
Yacimientos Petroliferos Fiscales Bolivianos -
(YPFB) for construction of a gas-to-liquid refinery
in the Santa Cruz department.
In addition, Franklin Oil & Gas, Bolivia's
partnership with YPFB will coordinate and manage
both domestic and export sales and distribution
of diesel fuel produced in their
new gas-to-liquid refinery.
Both the COMIBOL Letter of Intent and the YPFB
Memorandum of Understanding will be delivered to
Franklin Mining, Inc.'s attorneys,
Quintanilla & Soria, La Paz, Bolivia,
for final review.
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.
Additional information on company operations is found at
our website -
http://franklinmining.com
To receive future company announcements by e-mail,
please send your contact information to info@franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin,
Tel. 832-248-6211
info@franklinmining.com
Source: Franklin Mining, Inc.
http://tinyurl.com/zdggd
He is with us.
Franklin Mining, Inc. Finalizes Agreements with COMIBOL and YPFB -
Franklin Mining, Inc. Finalizes Agreements
with COMIBOL and YPFB
Monday May 1, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--May 1, 2006--
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at the Cerro Rico Mine in Potosi
and that a Memorandum of Understanding has been
signed with -
Yacimientos Petroliferos Fiscales Bolivianos -
(YPFB) for construction of a gas-to-liquid refinery
in the Santa Cruz department.
In addition, Franklin Oil & Gas, Bolivia's
partnership with YPFB will coordinate and manage
both domestic and export sales and distribution
of diesel fuel produced in their
new gas-to-liquid refinery.
Both the COMIBOL Letter of Intent and the YPFB
Memorandum of Understanding will be delivered to
Franklin Mining, Inc.'s attorneys,
Quintanilla & Soria, La Paz, Bolivia,
for final review.
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.
Additional information on company operations is found at
our website -
http://franklinmining.com
To receive future company announcements by e-mail,
please send your contact information to info@franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin,
Tel. 832-248-6211
info@franklinmining.com
Source: Franklin Mining, Inc.
http://tinyurl.com/zdggd
He is with us.
Great things are happening for Eurasia Gold -
the Eurasia Gold - may become the largest
Gold producer in EURO / ASIA? i hope -
they suffered hardship under the old USSR's
left tyrants for long time -
The Gold price - EGX Liberty -
EURO's New Klondike will do very well -
Great Eurasia Gold Future -
http://tinyurl.com/n4dpr
http://tinyurl.com/jcvce
http://tinyurl.com/zv8wh
http://tinyurl.com/poonk
Artist 49John, welcome to Eurasia Gold -
feel the adrenaline..i do feel great
things are happening for Eurasia Gold -
the EGX may become the largest Gold producer
in EURO / ASIA i hope -
they suffered hardship under the old USSR's
left tyrants for long time -
The Gold price - EGX Liberty -
EURO's New Klondike will do very well -
Great Eurasia Gold Future -
http://tinyurl.com/n4dpr
http://tinyurl.com/s8nts
http://tinyurl.com/jcvce
http://tinyurl.com/zv8wh
http://tinyurl.com/poonk
with love.
FMNJ Target -
http://tinyurl.com/potaq
the higher we GO -
the more shorters have to dive for cover -
shorted since $100 -
http://www.investorshub.com/boards/read_msg.asp?message_id=10862587
Microsoft shares tumble on spending plans ? -
if You want to know why it going down -
We Trust In ^ -
http://tinyurl.com/hjr2h
http://tinyurl.com/okdur
Brother Excel -
Time to ROCK and ROLL -
wonderful mission field wonderland -
the church is called to be for discipleship
making - follower to the Lord on the Go -
we all will help in need -
a mission on the Go makes your day -
You said, by exchanging idea's the Kingdom
of God would be glorified by all our churches
getting out of the pews into the street
where the hurting people are - is a Blessing -
i am on rock mission -
http://tinyurl.com/mfldb
if You have an idea please incl. the kids
in your Prayers, thanks its needed -
yes by sharing together taking these events to
the street lives can be changed for so many
to the better - keep it UP - pray that the
Lord will be allowed with all kids and
for all in need again,
Thanks Brother Excel,
Amen.
Franklin Mining Inc.
FMNJ - FRANKLIN MINING INC (OTC)
Date Open High Low Last Change Volume % Change
04/28/06 0.0745 0.0900 0.0700 0.0900 +0.0220 39293598 +32.35%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 19819234
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 12951147
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 8297365
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.0900 0.0633 0.0833 0.1033
http://tinyurl.com/potaq
- the n.-short sellers tried to kill -
FMNJ for long time -
they didn't want to cover -
the higher we move -
more short sellers gets their margin calls -
http://tinyurl.com/potaq
Stick with the winners -
follow the Flow -
Go with the trend -
Let's ride them until you have a clear reason to sell -
Let our profits ride -
very large profit trades -
can only come from following the long term trends -
to the end of the trend -
It's not how much we make -
it's how much we keep -
it's how much You help other people -
that's the important matters -
http://tinyurl.com/mfldb
http://www.investorshub.com/boards/board.asp?board_id=5406
.
Eurasia Gold Corp - EGX:TSX.V -
Eurasia Gold Corp EGX:TSX.V -
http://tinyurl.com/l9hkf
Not many EGX share for sale -
but a large EGX demand on TSX -
http://tinyurl.com/jcvce
Note. the EGX / Top LT Trend Line calls
for $2+
Tia. - Imo.