Monday, December 03, 2018 7:44:50 AM
Asia Metals Inc. Eliminates Two Share Classes; Drill Results Expected In January
BY PR NEWSWIRE — 14 MINUTES AGO
LAS VEGAS, Dec. 3, 2018 /PRNewswire/ -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., has amended its capital structure by eliminating the Common B and Preferred share classes. The total authorized capital of the Company has been reduced from 1.1 Billion to 500 Million shares. The Company had not issued any common B or preferred shares to date and had no future intentions to use those share classes.
Additionally, the operations of the Company's 2018 Drill Program are currently on going. After taking into consideration the upcoming holiday season, the Company is estimating to have drill results available to be announced by the end of January 2019.
"We are all in very high spirits from the early indications of our drilling program. In the beginning, we experienced several delays to get things started and there is still much work to be done in carefully conducting our entire program to report comprehensive results," expressed James Gilbert, the Company President and CEO.
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