Asia Broadband Inc. signed a definitive purchase agreement to acquire a 100% interest in the La Paz Gold Mine Project in Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 184 hectare La Paz concession, # 236301, located in the municipality of Etzatlan in Jalisco, Mexico. The total purchase price of the property was $700,000 and the Company is negotiating to acquire additional mining concessions in the area. The La Paz gold project is another mining asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
