StockGuru News: Franklin Mining, Inc. & GDR Privée Arrange $470 Million Debt Financing; Franklin Oil & Gas, Argentina, S.A. Will Use Proceeds to Construct Tierra del Fuego GTL Plant
Franklin Mining, Inc. & GDR Privée Arrange $470 Million Debt Financing Franklin Mining (OTC: FMNJ) Franklin Oil & Gas, Argentina, S.A. Will Use Proceeds to Construct Tierra del Fuego GTL Plant LAS VEGAS, NV–(MARKET WIRE)–Apr 12, 2007 — Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) announces that a debt financing arrangement is being negotiated to provide for the design and construction cost of a 10,000 barrel-per-day gas-to-liquid (GTL) processing facility in Tierra del Fuego, Argentina. These arrangements will provide debt financing in an amount not to exceed the project’s anticipated $470 USD million budget. GDR Privée, a New York investment…