Asian Dragon Group Inc., Announces Closing of $1 Million Bridge Financing as It Continues Its Focus on Institutional Capital.LUOYANG, China -- Asian Dragon Group Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AADG AADG Association Amis De Georges ) (FWB (Fixed Wireless Broadband) See fixed wireless. :P2J1) (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) :A0KE7Z) is pleased to announce the closing of a US$1,000,000 private placement bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. . 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 acquisitions. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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