Asian Dragon Group Inc. Announces Closing Of USD$1 Million Financing In Expectation of New Property Acquisition.LUOYANG, China -- Asian Dragon Group Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AADG AADG Association Amis De Georges ) (Frankfurt: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 financing at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $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 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 Harbour 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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