AABB - Asia Broadband inks LOI to acquire high-grade gold mine property in Mexico

Asia Broadband (AABB) trades 9.7% lower premarket after signing a letter of intent to acquire a historic production multiple mine property in the prolific mining region of Acaponeta in Nayarit, Mexico.The Acaponeta gold project is another prospective high yield asset addition in the company's strategic expansion initiative to acquire gold production and increase its physical gold holdings.The company will be conducting further due diligence in the upcoming weeks and continuing its negotiations to acquire the economical $11M property.Asia Broadband anticipates negotiating a definitive agreement to acquire the Acaponeta project in the very near future.

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Asia Broadband inks LOI to acquire high-grade gold mine property in Mexico