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Home > South America News > Franklin Mining, Inc., Hires Bolivian Branch of PKF to Audit Franklin Mining
Franklin Mining, Inc., Hires Bolivian Branch of PKF to Audit Franklin Mining
Las Vegas, NV (PRWEB) January 26, 2006 -- Franklin Mining, Inc has hired the local branch of PKF to audit the books of Franklin Mining, Bolivia.
“We are very excited about having the audits of the operations completed then to be able to integrate those financials into the corporate financials and have that audited. We hope to have our financials completed and audited by late February,” stated a company representative. The company hopes to apply for the Bulletin Board after the audits are completed.
The company suspended operations in Mayaya in late 2005 due to the inability to maintain consistent operations caused by diesel shortages and lack of availability of parts. We are in the process of reorganizing Franklin Mining, Bolivia. The company is reviewing 2 other gold mining opportunities in Bolivia that can possibly cash flow within 90 days.
In regards to the election of Evo Morales being voted President for Bolivia, this is the first time since the elections in the early 80’s that one candidate has won the majority of the vote. The company is hopeful that President Elect Evo Morales will bring a period of tranquility to Bolivia and promote an environment where business can work hand in hand with government.
Disclosures:
About Franklin Mining, Inc:
Is an Exploration Stage Company that currently has interests in Bolivia and Colombia. Franklin Mining, Inc opened a wholly owned subsidiary in Bolivia and has operated a gold mine in 2004 and 2005. Franklin Mining, Inc also opened a division named Franklin Oil & Gas to chase gas plays in Bolivia.
About Bolivia:
Is a country that has been suffering from civil unrest for the past three years. The New President elect Evo Morales has a platform to address the issues that have caused the civil unrest. President Morales won the election by a majority vote. It is believed that Bolivia has the 2nd largest gas reserves in South America and possibly the largest silver mine in South America, (the Cerro Rico Mine in Potosi, Bolivia).
"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.
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