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Asian Dragon Group Inc. Announces
Closing Of USD$1 Million Financing In Expectation of New Property
Acquisition
Sep 23, 2007
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 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 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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