PANAMA CITY, Panama, Oct. 28, 2013 /CNW/ -
Guillermo Cruz, President respectfully reports:
Please be advised that Gold Dragon holds 100% of the contractual rights
of the Belencillo Property Concessions, including the Palmilla Deposit
(known as File 99-50 at the Mineral Resources Department of
Panama). PTQ.TO has contractual rights to 17% to 20% of Gold Dragon's
stock by the way of an Option/JV Agreement dated May 6, 2005 signed
with PTQ.TO. This can be verified by reading various Annual Reports
from PTQ filed in EDGAR and SEDAR.
Gold Dragon advises that it does not agree to any contractual pledging,
hypothecating, or sale of any rights of the Belencillo Property
Concessions, including the Palmilla Deposit or the Rio Petaquilla
Property Concessions (File 2003-31). PTQ.TO has been notified that any
financings are precluded from use of these concessions without the
written consent of Gold Dragon.
SOURCE: Gold Dragon Capital Management Ltd.
For further information:
For request of a copy of the Option/JV Agreement signed between Gold Dragon and PTQ.TO please contact Mr. Guillermo Cruz, at +507-236-6930.