VANCOUVER, CANADA, March 22 /CNW/ - Asian Dragon Group Inc., (OTCBB:AADG)
(Frankfurt:P2J1) (WKN:A0KE7Z) is excited to announce the appointment of Mr.
Daniel Hachey to the Board of Directors.
John Karlsson, President and CEO, stated on the appointment, "Asian
Dragon has seen unprecedented growth in its expansion as an emerging dominant
force in the China precious metals sector as we continue to focus on the
growth of earnings and shareholder value. The addition of Mr. Hachey to our
Board comes with an eye on securing strong institutional support to further
the development of Asian Dragon's current group of projects and our
acquisition of future key properties and operations."
Mr. Hachey has a strong investment banking background with over twenty
years of experience in the capital markets, largely in the area of public
equity financings, Initial Public Offerings (IPOs) and private placements. Mr.
Hachey has also been active in the area of mergers and acquisitions, fairness
opinions and other advisory work. Currently, Mr. Hachey is President and CEO
of Greenwich Global Capital Inc., a public capital pool company listed on the
TSX-V. In addition, Mr. Hachey has held Board of Directors' positions with
both public (NASDAQ, TSX and TSX-V) and private companies.
Mr. Hachey has held senior investment banking positions with a number of
firms and has worked in Toronto, New York and Montreal. Dan also held the
title of President & CEO of a public mining company listed on the TSX-V.
Notable financings that Mr. Hachey has been a factor in include Glamis
Gold (recently purchased by Goldcorp), Canico Resource (recently purchased by
CVRD), Research in Motion, JDS Fitel (now JDS Uniphase), Alliance
Communications (now Alliance Atlantis), as well as many other companies in
various industries including mining, oil & gas, forest products, manufacturing
Mr. Hachey graduated from McGill University with a MBA degree in Finance.
Prior to that he was enrolled in a Master of Science program at Universite de
Montreal after earning his Bachelor of Science degree from Concordia
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
Key relationships in China are enabling Asian Dragon to capture business
opportunities as the Chinese Government continues to privatize many of their
industries, enabling local and foreign investment to fill the void left by the
Government ministries. Asian Dragon takes advantage of an identified niche
opportunity in the Gold Mining Industry of China, where the Chinese Government
has withdrawn the military from Gold Mining and set up the Gold Bureau to
continue Gold Mining on an international scale.
Long standing 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, where
hundreds of small and dozens of medium to large mines are actively mining gold
and various other precious metals and minerals. Earlier companies which
acquired smaller advanced mining projects have since proven out positively and
have succeeded in turning themselves into billion dollar market-cap
opportunities. Two recent examples are Hong Kong listed Lingbao Gold Co. and
Toronto Stock Exchange listed Silvercorp Metal Inc. both of which have major
projects in 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