New Issue: Asian Dragon pockets $2.44 million in private placements of shares

By Devika Patel

Knoxville, Tenn., Nov. 30 - Asian Dragon Group Inc. announced it has raised $2.44 million from two private placements of stock, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 600,000 common shares at $2.1581 apiece for $1.29 million on Aug. 31. In a separate deal, which settled on June 15, Asian Dragon also sold 500,000 shares of restricted stock to two of its directors at $2.30 apiece for $1.15 million.

Asian Dragon, located in Luoyang, China, is a gold exploration company.

Issuer:	Asian Dragon Group Inc.
Issue:	Stock
Total amount:	$2,444,860
Warrants:	No
Stock symbol:	OTCBB: AADG
First deal
Amount:	$1,294,860
Shares:	600,000
Price:	$2.1581
Settlement date:	Aug. 31
Stock price:	$2.13 at close Aug. 31
Second deal
Amount:	$1.15 million
Shares:	500,000
Price:	$2.30
Settlement date:	June 15
Stock price:	$2.30 at close June 15

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