Current Report Filing (8-k)
July 06 2016 - 4:31PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
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June 28, 2016
SILVER DRAGON RESOURCES INC.
(Exact name of registrant as specified in its charter)
000-29657
(Commission File Number)
Delaware
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33-0727323
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(State or other jurisdiction of
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(IRS Employer Identification No.)
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incorporation or organization)
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200 Davenport Road
Toronto, Ontario, M5R
1J2
(Address of Principal Executive Offices) (Zip Code)
(416) 223-8500
(Registrant's
telephone number, including area code)
Not Applicable
(Former name or
former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4c))
Item 4.02 Non-Reliance on Previously Issued Financial
Statements or a Related Audit Report or Completed Interim Review.
On June 28, 2016, the board of directors of Silver Dragon
Resources Inc. (the Company), upon the recommendation of the
Companys management and after discussion with the Companys independent
registered public accounting firm concluded that as a result of becoming aware
of new information regarding certain adjustments (the Adjustments) made on the December 31, 2015
restated audited financial statements of the Companys equity investment in
China, the following financial statements and the audit report on annual
financial statements of the Company should no longer be relied upon.
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the annual statements for the years ended December 31,
2015 and December 31, 2014 (the Annual Financials);
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the interim financial statements for the three month
periods ended March 31, 2015 and March 31, 2014 (the March Financials);
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the interim financial statements for the six month
periods ended June 30, 2015 and June 30, 2014 (the June Financials); and
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the interim financial statements for the nine month
periods ended September 30, 2015 and September 30, 2014 (the September
Financials, and, together with the June Financials and the March
Financials, the Interim Financials).
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At this time, all the changes necessary to adjust the financial
statements for the non-reliance periods are not known and cannot be quantified.
The Company is endeavoring to obtain the required information pertaining to the
Adjustments including engaging local counsel in China to investigate the matter
and gather the required information.
Item 8.01 Other Events.
As of July 1, 2016 the Companys common stock, par value
$0.0001 per share, was listed on the OTC PINK. The Companys common stock was
previously listed on the OTCQB.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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SILVER DRAGON RESOURCES INC.
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Date: July 6, 2016
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/s/
Marc Hazout
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By: Marc Hazout, President & CEO
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