Franklin Mining, Inc. Announces Resolution to Commence Stock Purchases
January 08 2009 - 10:08AM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) announces
that its Board of Directors has resolved that the Company should
immediately begin preparations to purchase its own Common Stock in
the open market.
At a Board of Directors meeting held Tuesday, January 6, 2009,
it was acknowledged that Franklin Mining shares have, for two
calendar months, been under tremendous selling pressure. Despite
positive accomplishments by the Company's Mining Division in 2008
and pending positive announcements by both the Mining and the Oil
& Gas Divisions for 2009, shareholder decisions have resulted
in record setting trading volumes at record low prices.
Franklin Mining's Directors and Managers are confident the
Company will soon begin realizing the benefits of 2008's yearlong
preparation and development of mining operations at Bolivia's
Escala Mine Joint Venture and from multiple energy projects in
Texas, Argentina and throughout South America.
Franklin's Directors are confident the Company is in a position
to accumulate a sizeable portion of its shares at record low
prices. In a Resolution dated January 6, 2009, the Board of
Directors authorized that all necessary arrangements are to
immediately be made for the Company's purchase of its own Common
Stock in the open market.
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 is a wholly owned
subsidiary. Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas
International S.A. Additional information is available at
www.FranklinMining.com.
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, 702-386-5379.
Contact: Investor Relations firm A. S. Austin & Company
702-386-5379
Franklin Mining (PK) (USOTC:FMNJ)
Historical Stock Chart
From Sep 2024 to Oct 2024
Franklin Mining (PK) (USOTC:FMNJ)
Historical Stock Chart
From Oct 2023 to Oct 2024