News Snapshot:
LAS VEGAS, Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., it has received the third installment of $10 Million, per its joint venture agreement with Qiangda Investments & Economics & Co., Ltd., for the continuing expansion of the Company’s gold production and property exploration operations in the state of Guerrero, Mexico. The 2018 agreement guarantees a $34 million capital commitment allocated over a 3-year period on a time-lined payment schedule to earn-in a maximum 40% equity interest in the Company. The funding schedule consists of a $5 million initial payment that was received in...
