LUOYANG, CHINA, April 3 /CNW/ - Asian Dragon Group Inc., (OTCBB:AADG)
(FWB:P2J1) (WKN:A0KE7Z) is pleased to announce a US$1,500,000 private
placement financing of restricted stock at US$5.00 per share. There are no
warrants attached and no finder fees were paid.
The financing is another key step in Asian Dragon's growth as it expands
Project Luogold beyond gold and into China's other precious and base metal
industries. Asian Dragon will use the funds to further develop the existing
projects comprising Project Luogold and to secure additional advanced-stage
mineral properties in China's Henan Province.
About Asian Dragon
Asian Dragon was established to focus on China's explosive precious
metals reserves and markets and to become one of China's largest foreign gold
and precious metals producers through a series of joint ventures and mine and
Longstanding relationships with the Gold Bureau have provided Asian
Dragon with the exclusive opportunity to commence due-diligence on several
advanced Chinese Gold 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