NEW YORK, NY / CRWEPRESSRELEASE / August 12, 2015 /ABT Mining Inc. (OTCMKTS:ABOT) an independent exploration company, engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties, recently announced the retirement of over $320,000 in debt. This debt was in the form of multiple notes (“Notes”), which were due in the fourth quarter of 2015. The Company’s total debt balance, after this settlement has been reduced by 24.87% from the total outstanding note reported in the recent quarter ended on June 30, 2015.
Additionally, the company recently announced the signing of and LOI with a ‘on demand’ courier service signaling the stepping away from the mining sector. Certainly the right move from management as the mining sector has been hurting with commodity prices falling. Stepping away from this messy sector should lead to benefits for ABT Mining for the foreseeable future.
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