Nirek Resources & Guardians of Gold starts Exchange Offer

- March 23rd, 2010

Nirek Resources Inc. (FRANKFURT:3N6)(Gold Warrant:CA6546411175) and Guardians of Gold Inc. reported that the companies have made, upon certain conditions, an exchange offer for 20% of the issued and outstanding shares of unrestricted common stock of Silver Dragon Resources Inc. (OTCBB:SDRG) at an exchange ratio of 100 shares of SDRG common stock for (i) fifty (50) shares of Grit International Inc. (“GII”) (FRANKFURT:3GR1) common stock, (ii) one (1) share of Millstream Mines Ltd. (TSX VENTURE:MLM) common stock, (iii) one (1) silver certificate and (iv) one (1) gold warrant. Each silver certificate shall be issued by NRI and will be for ten (10) grams of silver, deliverable March 31, 2014.

Nirek Resources Inc. (FRANKFURT:3N6)(Gold Warrant:CA6546411175) and Guardians of Gold Inc. reported that the companies have made, upon certain conditions, an exchange offer for 20% of the issued and outstanding shares of unrestricted common stock of Silver Dragon Resources Inc. (OTCBB:SDRG) at an exchange ratio of 100 shares of SDRG common stock for (i) fifty (50) shares of Grit International Inc. (“GII”) (FRANKFURT:3GR1) common stock, (ii) one (1) share of Millstream Mines Ltd. (TSX VENTURE:MLM) common stock, (iii) one (1) silver certificate and (iv) one (1) gold warrant. Each silver certificate shall be issued by NRI and will be for ten (10) grams of silver, deliverable March 31, 2014.

The press release s quoted as saying:

Silver Dragon Resources Inc. is a mining and metals company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally.

Click here to access the entire press release

Click here to access Nirek Resources Corporate Site

Click here to access Guardians of Gold Corporate Site

Click here to access Silver-Dragon Corporate Site

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