AABB - Asia Metals Inc. Proceeds With Purchase Negotiations For Gold Mine Acquisition
December 05 2019 - 8:12AM
InvestorsHub NewsWire
AABB - Asia Metals Inc. Proceeds
With Purchase Negotiations For Gold Mine Acquisition
LAS VEGAS, NV -- December 5, 2019
-- InvestorsHub NewsWire -- Asia Broadband Inc. (AABB),
through its wholly owned subsidiary Asia Metals Inc., today
announced that subsequent to completing assessments and due
diligence focussed on several candidate gold mine acquisitions, the
Company has initiated purchase negotiations. The Company’s
acquisition team recently completed additional property site visits
in South and Central America with its mineral lands agent
specializing in the Americas region, geological consultant to
assess production profit potential and representatives from the
Company's Joint Venture Partner to analyze the expansion potential
of each site location. The Company expects to complete the
negotiations and acquire a new gold mine and its surrounding
property with high development potential in January
2020.
The Company’s new gold mine
acquisition campaign is targeting properties that have historic
gold production in South America, Central America and Mexico. The
focus of the campaign is to duplicate the successful acquisition
model of the Company's existing high-density, shallow gold mine
property in Guerrero, Mexico, that has known historical gold vein
structures as AABB continues with its full-scale development and
production expansion.
Asia Broadband Inc. (OTC
: AABB), through its wholly owned subsidiary Asia Metals Inc.,
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 Guerrero, Mexico, to our client sales networks in
Asia. This vertical integration approach to sales transactions is
the unique strength of Asia Broadband and differentiates the
Company to its shareholders.
Contact the Company at:
Email:
ir@asiabroadbandinc.com
Website:
www.asiametalsinc.com
Phone:
702-866-9054
Cervitude Intelligent
Relations
Nicholas
Coriano
Forward-Looking Statements are
contained in this press release within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on the Asia Broadband Inc.’s (the “Company”) expected current
beliefs about the Company’s business, which are subject to
uncertainty and change. The operations and results of the Company
could materially differ from what is expressed or implied by the
statements made above when industry, regulatory, market and
competitive circumstances change. Further information about these
risks can be found in the annual and quarterly disclosures the
Company has published on the OTC Markets website. The Company is
under no obligation to update or alter its forward-looking
statements as future circumstances, events and information may
change.
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