By Sheri Kasprzak
New York, Dec. 19 - Asian Dragon Group Inc. completed a $2 million private placement of stock.
The company sold 400,000 shares at $5.00 each on a non-brokered basis.
Proceeds will be used for exploration on the company's Luogold project and to develop the recently acquire Jinjishan and Shizhaigou gold mines in China's Henan Province.
Based in Luoyang, China, Asian Dragon is a precious metals exploration and development company.
| Issuer: | Asian Dragon Group Inc.
|
| Issue: | Stock
|
| Amount: | $2 million
|
| Shares: | 400,000
|
| Price: | $5.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 19
|
| Stock symbol: | OTCBB: AADG
|
| Stock price: | $5.10 at close Dec. 18
|
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