LUOYANG, CHINA, September 17 /CNW/ - Asian Dragon Group Inc.,
(OTCBB:AADG) (Frankfurt:P2J1) (WKN:A0KE7Z) is pleased to announce the closing
of a US$1,000,000 private placement financing at USD $2.50 per share. There
are no warrants attached and no finder fees were paid.
Chairman John Karlsson stated on the private placement, "We are thrilled
to have this new injection of capital, particularly at this time as it allows
us to further discussions on the potential acquisition of another dynamic
property to add to Asian Dragon's portfolio. We are excited by the continued
support that shareholders and investors have provided to Asian Dragon and we
look forward to a very strong year of growth."
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 Harbour 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 Max