AABB Getting Ready to Move!!!
Let this sink in, .25 per share is what our new partner is paying for a 40% stake in our company!!! $34,000,000 (thirty-four million dollars) This was a 800% premium price paid over Friday's closing price.
We are producing GOLD today, not hypothetical its a fact and now we are expanding the companies operations!
Once our new drill results are announced on our new land, thus establishing the minable reserves (true $value) published, this price will look like a gift, IMO!
The only thing lacking is investors/community awareness, this junior miner is one of the best hidden sleepers I have ever seen in one of the top emerging mining hot spots in the world!
LAS VEGAS, Oct. 24, 2018 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., has signed a definitive joint venture agreement for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico, with Qiangda Investments & Economics & Co., Ltd.. The agreement guarantees a $34 million capital commitment allocated over a 3 year period on a time-lined payment schedule to earn-in a maximum 40% equity interest in the Company. The schedule consists of a $5 million initial payment that has now been received earning
a 6% equity interest, a $9 million minimum payment in 2019 to earn a further 10% interest, a $10 million minimum payment in 2020 to earn a further 12% interest and a $10 million minimum payment in 2021 to earn a further 12% interest. The joint venture capital will be allocated specifically to expand the identified resources within the Asia Broadband properties and build out a new production processing facility with greater efficiency and capacity, but also includes provisions for new exploration expenditures.
AI
