Gold production increased, profit made, joint venture obgoing, majority of shares owned by insiders, future bright. It is a germ in the OTC World. Load and hold an money will be made here.
Asia Metals Inc. To Finalize $34 Million Joint Venture Agreement
$AABB
This was in September, 2018, but we are seeing the results now!!!
Joint venture with a Chinese holding company and an evaluation due diligence period, there is agreement from both parties to move forward with the joint venture agreement. The key terms of the agreement are a $34 million capital commitment allocated over a 3 year period, a $5 million initial payment within 30 days of signing the final agreement and a $12 million minimum capital outlay in 2019. The final binding and operating terms of the agreement are expected to be defined and consented to within a 45 day period. The joint venture capital will be allocated to significantly expand the identified resources within the Asia Broadband properties and build out a new production processing facility with greater efficiency and capacity.
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