Asia Broadband (OTC: AABB) today announced its entry into a definitive purchase agreement to acquire a 100% interest in the Bonanza Gold Mine Project. According to the update, the company came to terms with Martin Augusto Vallejo Lujambio for the 19.25-hectare concession # 221977, Bonanza, located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, in Nayarit, Mexico. The property’s total purchase price was $6 million, split into $ 2 million cash and $ 4 million in restricted shares of Asia Broadband. The project is another prospective high-yield asset addition in AABB’s strategic expansion initiative to acquire gold production and increase physical gold holdings.
To view the full press release, visit https://ibn.fm/oFlmY
About Asia Broadband Inc.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. The company recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (“AABBG”) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. For more information about the company, visit www.AsiaBroadbandInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at http://ibn.fm/AABB
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