Silver Dragon Resources Inc. (fka SDRG)

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http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12142564

Item 8.01 Other Events.

Silver Dragon Resources Inc. (the “Company”) has obtained the KPMG Advisory (China) Limited (“KPMG”) independent appraiser valuation report and the Beijing Shengda Industrial Group Ltd. (the “Purchaser”) Price Waterhouse Coopers (“PWC”) independent appraiser valuation report to assess the fair market value of the Dadi mining rights (the “Mining Rights”) as of March 1, 2017 (the “Valuation Date”).

The valuation results of the Dadi Mining Rights issued by KPMG and the valuation report issued by PWC are RMB751 Million (approximately USD$109,967,705) and RMB322.23 Million (approximately USD$47,183,613), respectively.

Silver Dragon Resources owns a 20% equity interest in China, Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top") and subject to execution of an Equity Transfer Agreement with the Purchaser, completing a change of business registration and approval by the PRC’s Foreign Exchange Administration, the Company will receive approximately USD$15,714,692 for the transfer of its 20% equity stake in Sino-Top.