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Press Release Source: Franklin Mining, Inc.
Franklin Agrees to Sell Bolivian Oil & Gas Holdings
Tuesday September 11, 2007 12:17 pm ET
http://biz.yahoo.com/iw/070911/0300657.html
LAS VEGAS, NV--(MARKET WIRE)--Sep 11, 2007 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) and East Delta Resources Corporation (OTC BB:EDLT.OB - News), Montreal, Quebec, have reached a tentative agreement by which East Delta will buy Franklin Mining's 51% ownership interest in Franklin Oil & Gas, Bolivia S.A. The purchase price has been set at twenty million shares of East Delta common with an anticipated closing on or before October 15, 2007. Franklin Oil & Gas, Bolivia S.A. will retain its full corporate name and continue operating as a Bolivian corporation.
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Franklin Oil & Gas, Bolivia S.A. has two Bolivian projects under Memorandum of Understanding from YPFB (Yacimientos Petroliferos Fiscales Bolivianos), Bolivia's national petroleum company. Both projects include the construction and future operations of gas-to-liquid (GTL) facilities. One project is in the Department of Santa Cruz and the other in the Department of Tarija.
The Memorandum of Understanding with YPFB precedes the May 1, 2006 nationalization of gas fields and has since been reconfirmed.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.
About East Delta Resources Corp: East Delta is a publicly traded Delaware corporation whose primary activity is in natural resources development and production. Until recently the geographic focus of the Company was specifically Southeast Asia but is also seeking lucrative opportunities worldwide.
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.
For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
Contact:
Contact:
Investor Relations firm, A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
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· EAST DELTA RESOURCES CORP. Financials - EDGAR Online Financials (Sat Apr 26)
· Franklin Releases 2007 Financial Statements - Marketwire (Wed Apr 23)
· East Delta Subsidiary Completes Its Chinese Facility for Producing Nickel-Copper Aggregate - PrimeNewswire (Thu Apr 17)
· Franklin Enters Final Phase of Plan to Bring Escala to Full Production - Marketwire (Wed Apr 16)
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Copyright © 2008 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public da
http://www.ddmachine.com
Press Release Source: Franklin Mining, Inc.
Franklin Agrees to Sell Bolivian Oil & Gas Holdings
Tuesday September 11, 2007 12:17 pm ET
http://biz.yahoo.com/iw/070911/0300657.html
LAS VEGAS, NV--(MARKET WIRE)--Sep 11, 2007 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) and East Delta Resources Corporation (OTC BB:EDLT.OB - News), Montreal, Quebec, have reached a tentative agreement by which East Delta will buy Franklin Mining's 51% ownership interest in Franklin Oil & Gas, Bolivia S.A. The purchase price has been set at twenty million shares of East Delta common with an anticipated closing on or before October 15, 2007. Franklin Oil & Gas, Bolivia S.A. will retain its full corporate name and continue operating as a Bolivian corporation.
ADVERTISEMENT
Franklin Oil & Gas, Bolivia S.A. has two Bolivian projects under Memorandum of Understanding from YPFB (Yacimientos Petroliferos Fiscales Bolivianos), Bolivia's national petroleum company. Both projects include the construction and future operations of gas-to-liquid (GTL) facilities. One project is in the Department of Santa Cruz and the other in the Department of Tarija.
The Memorandum of Understanding with YPFB precedes the May 1, 2006 nationalization of gas fields and has since been reconfirmed.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.
About East Delta Resources Corp: East Delta is a publicly traded Delaware corporation whose primary activity is in natural resources development and production. Until recently the geographic focus of the Company was specifically Southeast Asia but is also seeking lucrative opportunities worldwide.
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.
For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
Contact:
Contact:
Investor Relations firm, A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
Mail to Friend Email Story
Alerts Set News Alert
Printer Version Print Story
Sponsor Results
Stocks Ready To Soar
Hot News Alerts, Huge Profits 1000%+, Stock Near Explosive Breakout.
www.otcstockexchange.com
(What's This?)
Related Quotes
chart
EDLT.OB
FMNJ.PK 0.15
0.00 +0.01
-0.00 News
News
View Detailed Quotes
Delayed 20 mins
Providers - Disclaimer
Related News Stories
· EAST DELTA RESOURCES CORP. Financials - EDGAR Online Financials (Sat Apr 26)
· Franklin Releases 2007 Financial Statements - Marketwire (Wed Apr 23)
· East Delta Subsidiary Completes Its Chinese Facility for Producing Nickel-Copper Aggregate - PrimeNewswire (Thu Apr 17)
· Franklin Enters Final Phase of Plan to Bring Escala to Full Production - Marketwire (Wed Apr 16)
More...
ADVERTISEMENT
Top Stories
· Oil passes $120, gas prices slip more than a cent - AP (6:13 pm)
· Stocks end lower after Microsoft pulls Yahoo bid - AP (7:16 pm)
· Federal Reserve reports tighter bank lending standards - AP (7:38 pm)
· Tropicana Entertainment to file for Chapter 11 protection - AP (6:05 pm)
More...
· Most-viewed articles
RSS Feeds
Add headlines to your
personalized My Yahoo! Page
( About My Yahoo! and RSS )
EDLT.OB Headlines
* My Yahoo
* RSS
FMNJ.PK Headlines
* My Yahoo
* RSS
More Finance RSS Feeds
http://biz.yahoo.com/iw/070911/0300657.html
Copyright © 2008 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Send Feedback
Copyright © 2008 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public da
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