Core Viewpoint - Asia Broadband Inc. has successfully completed the sale of its Bonanza Gold mine for a total consideration of $14.8 million in cash, along with an earn-out payment and ongoing royalties, which will enhance the company's financial position and allow for a strategic focus on high-grade mineral asset investments in Mexico [1][2][6]. Financial Details - The sale includes $14.8 million in cash at closing, a $10.2 million earn-out payment, a $2 million promissory note maturing within the first year, and a 2% net smelter return royalty on the Bonanza mineral concession [6]. Strategic Focus - The company aims to utilize the proceeds from the sale to expand its property assets and facilities closer to its newly inaugurated processing plant in Etzatlan, Jalisco, emphasizing optimal capital utilization and resource synergy [2][3]. Operational Strategy - Asia Broadband continues to implement a mining property portfolio strategy that focuses on specific regions in Mexico, leveraging its comparative advantages in development resources and expertise for rapid expansion and replication of past gold production successes [3]. Company Overview - Asia Broadband Inc. is a resource company dedicated to precious metals production and physical gold accumulation, utilizing geographic expertise and industry contacts to enhance its property holdings and production capabilities in Mexico [4]. The company also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [4].