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Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce today initial results of its 2007 exploration program at the Laopandao Beihou Silver Project ("Laopandao") located in the Erbahuo Silver District in Northern China. As a result of its exploration efforts, Silver Dragon has identified significant silver, copper, and tin (Ag, Cu, and Sn) deposits. Silver Dragon owns a 90% equity interest in Sahne Sino-Top Resources and Technologies Ltd. ("Sino-Top"), a Chinese company which holds the exploration and mining rights to Laopandao and eight other properties in the Erbahuo Silver District in Northern China.
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DataJungle Software (OTCBB:DJSW), a provider of next generation "on-demand", self-service business intelligence software, today announced that it sold in a private placement to accredited investors Debentures, due September 28, 2009, having an aggregate principal balance of $4,070,000 for $3,500,000 (before deducting expenses and fees related to the private placement). The Debentures are secured by the assets of the company and are convertible into shares of the Company's common stock at a price of $0.15 per share subject to adjustment as provided in the Debentures. As part of the private placement, the Company also issued the investors Warrants to purchase up to 20,350,000 shares of the Company's common stock at a price of $ 0.28 per share subject to adjustment in certain circumstances detailed in the warrants DataJungle's new management team intends to use the net proceeds of the private offering to accelerate product development along with increased investment in sales and marketing of its new on-demand business intelligence software as detailed in the Company's press release on September 11, 2007.
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Raven Moon Entertainment, Inc. (OTCBB:RAVI) announced today that it has signed a new contract with Gina Mouery, the daughter of Executive Producers Joey and Bernadette DiFrancesco, who portrays the character GINA D(R) in the highly successful television series "GINA D'S KIDS CLUB" that will save the company approximately 80% in annual talent fees from $1,800,000 to $360,000 over the next twelve months.
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