By Sheri Kasprzak
New York, April 3 - Asian Dragon Group, Inc. settled a $1.5 million private placement of stock.
The company sold 300,000 shares at $5.00 apiece in the non-brokered deal.
Proceeds will be used for the expansion of the company's Project Luogold beyond gold and into China's other precious and base metals industries.
Asian Dragon, located in Luoyang, China, is a gold exploration company.
| Issuer: | Asian Dragon Group, Inc.
|
| Issue: | Stock
|
| Amount: | $1.5 million
|
| Shares: | 300,000
|
| Price: | $5.00
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | April 3
|
| Stock symbol: | OTCBB: AADG
|
| Stock price: | $5.05 at close April 2
|
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