Asia Broadband Inc. ( OTCMKTS: AABB ) announced on February 4th, 2021 that the Company has been connected with Turner, Stone & Company, LLP to work through the auditing process. The main goal is to produce reviewed financials which are required to apply for an up-listing as soon as possible.
Asia Broadband Inc. ( OTCMKTS: AABB ) has updated procedures to permit for more focus on advancing the audit processes. This comes after achieving many working objectives up to the closing of 2020 and into 2021. Asia Broadband Inc. ( OTCMKTS: AABB ) finalized the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million. This further validates the Company’s growth accomplishments. Since then, the Company turned operations to influence its resources. Also, using skills to mirror its positive GGB mining operations expansion model. Since, the Company has allotted $10 million for the initial phase development program. This will speed operations and development of production at the Colima property. The construction of survey and growth buildings and infrastructure roads has now begun. This is part of the first stage development program.
About Asia Broadband Inc. ( OTCMKTS: AABB )
About Asia Broadband Inc. ( OTCMKTS: AABB ) is a resource company. Their attention is on the making, supply and sale of valuable and base metals. They go through the Company’s wholly-owned branch Asia Metals Inc. The Company uses its precise geographic knowledge, skill and extensive industry contacts to simplify its delivery process. This is from the production and supply of precious and base metals in Guerrero, Mexico to consumer sales networks. This combination method to sales transactions is the exclusive strength of Asia Broadband. It distinguishes the Company to its shareholders.
Asia Broadband Inc. ( OTCMKTS: AABB ) Recent Video
From the Asia Broadband Inc. ( OTCMKTS: AABB ) Video
The company, through its wholly owned subsidiary About Asia Broadband Inc. ( OTCMKTS: AABB ), announced that it has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd.
The principal consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company. Additionally, the operational controls and authorities of the property and facilities have been transferred to the new ownership’s designated management personnel.
Also, in more recent news About Asia Broadband Inc. ( OTCMKTS: AABB ), has allocated $10 million for the initial development program to accelerate operations toward production at the high potential gold and base metal property in Colima, Mexico. This self-funded capital designation by the Company will be for the first phase of operations development to expand the infrastructure, conduct further geophysics capture, initiate a drilling exploration program and build site preparations for facilities installations.
Furthermore, About Asia Broadband Inc. ( OTCMKTS: AABB ) is preparing a complete operations and expansion assessment of the property to determine a total capital budget, which will also be self-funded by the Company, for additional post-production development phases.