HERE'S THE FULL RELEASE.

TORONTO, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) (the "Company") reports that it has entered into an equity transfer agreement with Beijing Shengda Industrial Group Ltd. ("Shengda") to receive an all cash consideration in five installments over the course of several years with the last payment being made in 2019 for the Company's 20% equity interest in Inner Mongolia Guangda Mining Ltd. ("Guangda"), a wholly owned subsidiary of its Foreign Cooperative Joint Venture in China, Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top"), for RMB161,922,820 (approximately USD$25 Million).


The purchase price is based on the third party valuation of Beijing Zhuoxindahua Appraisal Co., Ltd. assessment report No. 1102 and the assessed total value of RMB809,614,100 (approximately USD$125 Million) of Guangda, which holds only the Dadi and Laopandao projects. The consummation of the transaction set forth in the transfer agreement is subject to approval by the China Securities Regulatory Commission and the Company's receiving applicable board and shareholder approvals. The purchase price to be paid for the Company's interest in Guangda is subject to certain adjustments based on the actual net profits of Guangda.

The offer does not include interest in the remaining four properties, Zhuanxinhu, Shididonggou, Aobaotugounao and Yuanlinzibeishan held by Sino-Top.

The Company has retained Watts, Griffis and McOuat Limited, a Toronto-based consulting firm, to provide an independent review of the valuation of the Dadi and Laopandao projects held by Guangda using the same data and using the same Chinese valuation guidelines and to provide a third party fairness opinion to the Board of Directors (the "Board") with a basis for comparison to assess the valuation and the offer received from Shengda.

Upon receipt of the commissioned third party valuation, the Company's Board will review and if warranted, may make a counter offer to Shengda. If accepted by Shengda and approved by the Board, the Board shall seek approval of the matter at the Company's Annual Meeting of Stockholders to be held February 18, 2016. The consummation of the sale of the Company's 20% interest in Sino-Top, which is all of its interest in Sino-Top or only the sale of its interest in Guangda, is subject to determination of the sales price of Sino-Top or Guangda, execution of final transaction documents, obtaining any required approvals including the approval of the Company's shareholders and the approval of appropriate regulatory authority including the China Securities Regulatory Commission.

About Silver Dragon

Silver Dragon Resources Inc. is a mining and metal company focused on the acquisition, exploration, development and operation of gold and silver mines in proven mining districts globally. Silver Dragon's objective is to acquire mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant precious metal producer. For more information, please visit the Company's website at: www.silverdragonresources.com (available in Chinese).



Read more: http://www.nasdaq.com/press-release/silver-dragon-enters-into-equity-transfer-agreement-with-shengda-industrial-to-acquire-the-company-20160113-00841#ixzz3xADnMXKL

SDRG gets 25 million payable in installments going into 2019.

So, less debt out that's 17 million, or a little over 5 cents a share.

And Marc will have a lot of that spent in the next 3 years.

Where's your 40 cents, FDA. Where's your 20 cents for that matter.

And who said 5 cents a share?

Payable in installments!

You heard it from uzzyham first!

HAR, HAR, HAR!

Big day for SDRG. Trades 24 dollars worth of stock.

By the way, where is FDA today? Shouldn't he be tub thumping the big news?

Maybe you should post that announcement again, FDA.

Use all caps this time. Seems like the word hasn't really gotten out there.

I sure hope FDA is right this time.

You longs need the suffering to end - though it ends badly for you, I'm afraid.

Yes, FDA, as a fellow long -

Why don't you answer Retire's question?

Let's play -

Everybody gang up on the guy who might just be right.

I'm here to prevent you longs, who've already made a major blunder by tossing money at this dog, from influencing the gullible to follow you down the drain.

You don't like that. Too bad.

The strange thing is that I don't see you touts buying more stock, which is a dead giveaway none of you really believe the party line you spout.

WHEN the announcement is released is irrelevant.

Who cares?

"We have 780K, right?

Wrong. Most, if not all of that is in Marc's back pocket now, to reimburse him for accrued salary, accrued rent and travel/misc operating expenses.

But all that's in the 10Q, which apparently nobody either reads or can understand. Certainly not FDA. He thinks Marc doesn't take a salary.

Doesn't matter what silver does now.

The die is cast, and Marc has managed to sell the only asset the company has at the bottom of a bear market.

Nice going.

Oh no!

If I don't buy SDRG today I won't be able to vote in February!

Eh. I pass.

The Chinese already have it rigged.

Marc back from China. Don't bother him.

He's busy trying to write a release that makes screwing the shareholders look like a favor.

The Chinese know the price. Marc knows the price.

For once - think. Would FDA's (now) 20 cent buyout be trading at 3 cents? And on volume next to nothing?

SDRG soars again!

First, FDA, I'm not your Pal.

You've burned me? Just how? I certainly don't feel "burnt" by any of your nonsense.

You've stated Marc's bottom line would be a transaction netting 40 cents per share. Now you've mealy mouthed your way down to 20 cents per share. Marc is here - Marc is there - Marc is one tough Canuk - all BS which bottom lines at meaningless, as meaningless as your price predictions.

You are about to be sold out. You're simply to ignorant to understand how.

A good omen?

IF he left. IF the deal was done. IF a frog had wings......

What nonsense.

A good omen (for longs) would be heavy trading and a rising stock price. By now everybody and his brother in China knows what the deal price is. So does Superman Marc. Stock action would show it if there was anything to gain by buying the stock at this price. See any of that?

And remember, Shengda is not buying SDRG, so there will be no real "per share" offer anyway.

It's always been about price, FDA. And wait till you see how your hero Marc sells you out.

Here's an interesting article about the Northern Mongolia economy. A familiar name pops up too.
"A developer from one of China’s so-called ghost towns said it’s struggling to repay bonds that are coming due next week.
Ordos City Huayan Investment Group Co., based in Ordos in the northern Inner Mongolia region, said uncertainty arose after bondholders opted for the early redemption of 1.14 billion yuan ($176.7 million) of notes on Dec. 17, according to a statement on the Chinabond website Friday. Erdos City Infrastructure Construction Investment Co., a local government financing vehicle at Ordos, provides a guarantee for the bonds, the Chinabond statement said.
China’s worst economic slowdown in a quarter century is adding stress to smaller developers even after the government allowed property companies to sell more bonds and eased restrictions on home purchases. Ordos City Huayan’s admission comes only four days after pig iron producer Sichuan Shengda Group Ltd. became at least the seventh Chinese company to renege on local debt obligations this year.
“It’s uncertain if the guarantor can bail out Ordos City Huayan’s bond,” said Zhang Chao, a bond analyst at China Investment Securities Co. in Shenzhen. “The LGFV itself is facing operation problems.”
The developer also said it may not be able to repay the 94.56 million yuan of interest due the same day.
Ordos City Huayan sold 1.2 billion yuan of 2018 bonds with a coupon rate of 7.88 percent in December 2012. The company is facing a cash shortage and hasn’t raised enough funds for the debt repayment, according to Friday’s statement. The notes dropped 8.2 percent to 85.35 yuan as of 12:48 p.m. in Shanghai, the biggest since 2013, according to exchange data.
The coal-mining city of Ordos, whose fortunes reversed as the commodity’s boom turned to bust, is grappling with a slumping Chinese property market that researcher SouFun Holdings Ltd. said has led to more than 10 “ghost towns.”

BTW, Shengda Mining stock closed down over 8% today.

SDRG soars!

Really. The voice of experience?

No, I haven't.

I haven't used delusional drugs either, but it appears there's plenty to go around.

It's amusing to see this buyout get valued at 20% of the sales price of SinoTop.

That's the gross amout. Whatever the 20% amounts to, you'll have to deduct about 7 million right off the bat for outstanding and defaulted debt on SDRG's balance sheet.

Of course, for FDA, that's accounting stuff that doesn't really matter. I guess it will only matter when the cash disappears to pay it off. Har!

FDA, let's see who gets closer.

Your bottom line for the wonder maker Marc is 40 cents.

Indeed we will see won't we?

And down the line (just to be clear) SDRG will declare bankruptcy after Marc eats up any excess capital with "administrative expenses".

Hint.

Posting your fantasies won't make them come true.

Hint. The purchase price is already known.

Hint. The stock is trading for less than 3 cents.

Hint. Marc has more snow jobs than Alaska - and you to pass them on.

That's a neat trick Zelda.

How do you hold put on a stock that doesn't trade options? Perhaps you just found yourself on the wrong board by mistake.

Oh boy, Oh boy!

FDA's hero is in China again - to sign exactly where and for how much they tell him.

Sure they don't need another "valuation"?

How funny you are FDA.

You missed the press release or you would have posted it. And not a peep out of you that Shengda started trading again. Yet your preposterous post wants us to believe you knew it all the time.

What a fraud you are.

And of course you jump to the conclusion the press release and price are based on SDRG. It says nothing of the kind.

Here's some news for you. How did you miss this FDA? After all Frankie says you know so much more than I do.

Shengda mining is trading today.

And here's some more news:

"BRIEF-Shengda Mining to acquire two mining firms for 1.7 bln yuan


Reuters
14 December 2015
Dec 14 (Reuters) - Shengda Mining Co Ltd

* Says plans to acquire two mining firms for 1.66 billion

yuan ($257.01 million) via cash"

But here's the real question. What mining firms?

So, you have an open mind Frankie.

Of course you do. You're in a position where you have no choice but to have an " open mind". What you really have is desperate hope - and like every other long on this board FDA feeds it for you.

I see you've taken up psychoanalysis, or psychic readings - or to call it what it is, a pissed off character attack from a position of total ignorance. In that, you join the company of FDA and Junk.

Doesn't matter. Your opinion of me is ultimately meaningless.

But I am going to enjoy watching this little drama play out. Interesting times, eh?

And 60 dollars worth of stock trades at 3 cents. Impressive.

A swing into the tens. Dream on.

The market is saying 2 cents for shareholders.

Wonder how close it is.

Marc is in China now (or so says FDA) busily selling you shareholders out. Everybody's very excited.

Remember what FDA promised? I do. Marc won't take less than 40 cents a share. Remember? FDA's next post on the board here should be some excuse about how he really didn't mean that, or that the evaluations gummed things up - just anything to get himself off the hook.

Marc has 800 grand in his pocket now. What do you have? You don't even have voting control anymore.

Joke of the day: FDA was an honest real estate appraiser. Sure, FDA. Your posts on the board sure prove that one, don't they?

Now FDA that is funny.

A real estate appraiser eh? You mean one of those guys who appraised homes as high as the lenders wanted and precipitated one of the greatest housing busts and financial crises in history.

Yep, FDA, that sounds like a perfect career for a fantasy maker like you. You've been pumping for nearly your whole life, and ruining others lives in the process. And now you're doing the same thing with stocks.

Well done.

Your last paragraph about what the SEC requires in the way of evaluations reveals a total ignorance of secutrities law. Of course it matches your ignorance of finance and accounting as well.

Where do you come up with these fantasies?

The SEC is going to dictate the terms of the buyout is it. Fool.

Here's my post 5944 in its entirety.

"Let me put it this way; I don't think the offer will be enough to cover debt and leave an operating company. If there does happen to be an excess after debt, I doubt if shareholders will see anything from it other than getting eaten up by more "administrative" expenses in the following few months or a year or so.

In order for an operating company to exist after " the deal" there must be enough capital left over to buy more potentially productive assets, since the only assets the company has are being sold. I don't think that excess will be there."

I stand by every word of that today. Why do you think that suddenly they filed with the SEC that a consortium of Chinese investors now had voting control of the company? Because you're about to get screwed. Use your heads. The only one coming out of this anywhere near whole is Marc the magician.

Yes, yes it's nice all you longs agree with each other. There's a certain safety in ignoring facts if others are doing the same.

But just so you know, I have a substantial interest in four other precious metal stocks - none of which are bankruptcy walking like SDRG. I've traded PM stocks for nearly two decades so I know about the industry.

What I don't put up with is pump and dump story stocks which are touted without regard for who can get hurt. You can believe that or not. I don't care.

But I'm going to be here whether the touts and pumpers like it or not. And I'm going to call BS when I see it. And on this board there's plenty of it. FDA and junk have made sure of that.

"Even if I know nothing or have no concrete facts".

You want concrete facts, Frankie? Read the 10Q. Read the Dadi feasibility study. Those are the only concrete facts available about this dog.

But I don't think you want facts. You're stuck with a huge loss. You simply want to believe there's a chance you get bailed out of this dog and you too are willing to believe FDA's hype even though your common sense tells you it won't happen. And that, Frankie, is your motive.

I have no skin in the game other than the truth - period.

When I came to this board the moderators (junk in particular) deleted my posts in an effort to drive me off. Posts that were legitimate questions and fair criticism were deleted. FDA was there every step of the way cheering him on. So, I was and still am determined to see this charade out to the end now. So if you want to know what started the "bickering" you now know.

Interesting that my criticisms were left to stand after I became a moderator, eh? Just another proof of the dishonest effort to hide the truth behind this fairy tale.

And what good do I do? I make those who are swayed by these myths to at least think about what they're doing before they throw their money down this rathole of a company.

Who said this?


"Third party evaluation is expected by end of November early December"

"our internal assessment and my personal opinion is anywhere between $.40 & $.80 cents!"

Those are quotes from a well known party over a year ago.

Seen that "evaluation" yet? What's the current stock price?

And who still believes these lies? And if you don't believe the above, why would you believe the lies you're being told right now? You longs are living on hopium.

And lies like the above are a perfect example of pumping by a shill.

Stuck a nerve, eh, FDA?

Come on, how much is Marc paying you?

What's your real cost, not this half cent you keep braying about .

Looking for Junk to bail you out? He's conspicuous by his absence isn't he?

Never met, talked to or had any dealings with the man. Don't own the stock and never lost a cent on it, unlike you who purchased a ton at much higher prices (which you coyly fail to mention) but a search of your past posts clearly reveals.

Now fess up. What does Marc pay you to tout this dog?