LUOYANG, CHINA, June 19 /CNW/ - Asian Dragon Group Inc., (OTCBB:AADG)
(FWB:P2J1) (WKN:A0KE7Z) is pleased to announce the closing of a US$1,000,000
private placement bridge financing. There are no warrants attached and no
finder fees were paid.
Chairman John Karlsson stated on the private placement, "Asian Dragon has
experienced unprecedented growth and expansion through joint ventures and
acquisitions and we will utilize this interim capital to continue the
acquisition of advanced-stage properties. This financing allows Asian Dragon's
corporate finance group to continue their focus on bringing institutional
capital to Asian Dragon and we look forward to closing on these opportunities
and fully executing our Business Plan."
Asian Dragon is pursuing additional financing opportunities with a
variety of significant institutions and looks forward to providing information
on these shortly.
About Asian Dragon
Asian Dragon was established to focus on China's explosive precious and
base metals reserves and markets and to become one of China's largest foreign
metals producers through a series of joint ventures and mine and property
Long standing relationships with the Gold Bureau have provided Asian
Dragon with the exclusive opportunity to commence due-diligence on several
advanced Chinese Mining Projects in one of the Country's most well-known and
prolific mineral production regions, the Xiaoqinling Region.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
For further information:
For further information: Asian Dragon Group Inc. Investor Relations:
Badshah Communications Group Ltd., 866-857-7522