CybeRelease: (OTC PK: BDGR) Announces End of Long-Term Convertible Debt
(CybeRelease, February 8, 2007) - Lake Harmony, PA - Black Dragon Resource Companies, Inc. (OTC PK: BDGR) announced today that in preparing for communication of financial data to its audit firm, the Company has determined that the convertible notes payable associated with the Wooldridge Properties are now fully extinguished.
In its September ’06 unaudited statements, the Company had reported total long-term debt in the amount of $6.6 million. This amount was comprised of the above convertible notes ($3.9 million) and notes payable associated with the Caddo Lake property that was previously reported as sold in December of 2006 ($2.4 million). With the elimination of these debts, the company is now free of significant long-term debt and the impact of further dilution associated with its conversion.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company’s focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
To read the complete release, go to http://biz.yahoo.com/iw/070207/0212875.html
CybeRelease Gainers are FEI Company (Nasdaq: FEIC), Intevac, Inc. (Nasdaq: IVAC), Brooks Automation, Inc. (Nasdaq: BRKS), Advanced Energy Industries, Inc. (Nasdaq: AEIS), Infosys Technologies Limited (Nasdaq: INFY), F5 Networks, Inc. (Nasdaq: FFIV), Baidu.com, Inc. (Nasdaq: BIDU), and Penn National Gaming, Inc. (Nasdaq: PENN).
CybeRelease Decliners are Corporate Executive Board Company (The) (Nasdaq: EXBD), Research in Motion Limited (Nasdaq: RIMM), Autodesk, Inc. (Nasdaq: ADSK), Sina Corporation (Nasdaq: SINA), Travelzoo Inc. (Nasdaq: TZOO), American Capital Strategies, Ltd. (Nasdaq: ACAS), Komag, Inc. New (Nasdaq: KOMG) and Diodes Incorporated (Nasdaq: DIOD).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for informational purposes only and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.