Silver Dragon Resources Inc.

13 June 2006capital raising announcement● NeutralMajor

In June 2006 the company raised US$3,000,000 by selling 3,000,000 units at US$1.00, each with a share and warrants at US$2.00 and US$5.00. The money is earmarked for the Cerro Las Minitas transactions, the Sino Silver transaction, and legal, accounting and administrative costs. New shares dilute existing holders, but the funds go toward the pending Sino Silver payments.

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24 Mar 2006asset acquisition disposition● NeutralMajor

On March 21, 2006 the company agreed to buy Sino Silver Corp.'s 60% interest in Sanhe Sino-Top Resources and Technologies, which holds exploration and mining rights to 9 properties in the Erbaohuo Silver District, for US$650,000 plus 4,000,000 restricted shares. US$150,000 was paid at closing, US$100,000 is due May 20, 2006, and US$400,000 plus the shares are due once Chinese provincial approval is received. The company also committed about US$1,300,000 of 2006 spending on the properties. This builds on the April 2005 Sino Silver deal and widens the China holding from a share of sale proceeds on one property to a majority stake in a company holding nine.

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20 Mar 2006asset acquisition disposition● NeutralMajor

In March 2006 the company's Mexican subsidiary acquired mining rights to 16 concessions in Guadalupe, Durango, each including an operating mine: 10 from Jaime Muguiro Pena for US$799,000 payable over three years, 5 from Ramon Tomas Davila Flores for US$245,000 plus 110,000 shares, and 1 (Puro Corazon) from Minera Real Victoria for US$400,000 plus 2,000,000 shares, with a further US$50,000 paid to the owner Silvia Villasenor Haro and an option to buy the concession outright for US$2,000,000 or US$3,000,000. Pena may keep taking up to 30 tons of ore per day until he is paid in full. The company also sold 1,000,000 units at $1.00 for $1,000,000 on February 17, 2006, each with warrants at $2.00 and $5.00. This adds Mexican operating-mine interests and creates payment commitments over the next three years.

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2 Dec 2005material agreement● NeutralMajor

On November 30, 2005 the company signed an agreement with Dutchess Private Equities Fund letting it sell up to $10,000,000 of its common stock over three years, starting once the SEC approves a registration statement covering the shares. Each sale is priced at 95% of the lowest closing bid in the five trading days after the company's notice, and the fund's obligation to buy depends on an effective registration statement and continued OTC Bulletin Board trading. For shareholders, this is a possible source of funding that would mean issuing new shares; nothing has been sold yet under it.

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31 Oct 2005asset acquisition disposition● NeutralMajor

The company signed a joint venture agreement on September 7, 2005 with Linear Gold giving it an option to acquire 55% of the Tierra Blanca Property in Durango, Mexico (Linear Gold would keep 45%). It paid Linear Gold $45,000 and issued 100,000 shares at signing, with further payments of $75,000 and $110,000, 500,000 more shares, and work spending of $150,000, $200,000 and $500,000 over three years needed to exercise; it can end the obligations on thirty days' notice. It also sold 2,600,000 shares at $0.10 for $260,000 in September 2005. This is the company's first asset outside China, following the April 2005 Sino Silver deal.

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20 Apr 2005material agreement▲ GoodMajor

Now named Silver Dragon Resources, the company signed a deal on April 14, 2005 with Sino Silver Corp. to acquire 50% of Sino Silver's interest in net proceeds from any sale of minerals or mining rights from the Aobaotugounao property in China's Erbaohuo Silver District. It pays US$350,000 over two years (US$150,000 paid at closing) plus 250,000 restricted shares, with another 250,000 due in one year. It also sold 3,000,000 restricted shares at $0.10 for $300,000. This is the company's move into silver exploration after its earlier entertainment attempts.

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20 Feb 2003asset acquisition disposition▼ BadMajor

A filing signed by Cyper-side directors disputes the September 2002 report, saying the cancellation of Cyper's 20,000,000 shares came from a board meeting without proper notice and that the claim of Cyper's default was wrong. It says the Cyper assets remain with the company, Cyper is the majority shareholder, and Duk Jin Jang, John Hyoki Chung and Jason Chung remain in office, with the Quilliam and Hazout appointments declared void. This contradicts the September 2002 rescission and leaves control of the company contested in the filings.

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10 Sept 2002asset acquisition disposition▼ BadMajor

On September 4, 2002 the company, now named American Entertainment and Animation Corporation, said it rescinded the Cyper acquisition because Cyper failed to provide certain funding needed for public reporting. The 20,000,000 shares issued for Cyper were cancelled, leaving 14,198,649 outstanding, Cyper's directors were removed, and Pierre Quilliam became chairman with 34% of votes. This reverses the April 2002 deal; the company says it is again looking for a reverse merger or acquisition.

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7 May 2002asset acquisition disposition● NeutralMajor

On April 22, 2002 the company bought all of Cyper Entertainment, a Seoul-based 3D animation company, for 20,000,000 restricted shares valued at $0.05 each. Cyper's main shareholder Duk Jin Jang now holds 30% of votes and shares outstanding rise to 30,389,151. This follows the earlier search for a new business after the electric car operations closed; the filing says the company needs to raise financing to operate Cyper, with no guarantee of success.

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