Shareholder Update
Black Dragon’s CEO pledges non-convertible funding to retire shares, advance a sand plant acquisition and pursue an exchange-tier upgrade.
Rhea-AI Summary
Black Dragon Resource Company (BDGR) announced that its Chairman and CEO, Mr. Saviano, is committing personal funds to retire shares into the company’s treasury and to complete the acquisition of a sand plant and related property.
The company states that this funding will be provided without any convertible notes or other so‑called toxic investments. Management expects the initiative to substantially reduce the public float and outstanding share count and to better align management and shareholder interests. Mr. Saviano targets “NYSE quality” standards, plans a live Q&A interview on Friday, September 18, and intends to announce its distribution details on Monday, September 14. The next phase includes seeking a higher trading tier and obtaining EDGAR codes for direct SEC filings.
Positive
- CEO capital commitment to retire shares into treasury and fund a sand plant and property acquisition
- No convertible or “toxic” financing structure stated for the planned funding
- Planned reduction in public float and outstanding shares expected to improve capital structure
- Planned upgrade to higher trading tier and obtaining EDGAR codes for direct SEC filings
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Black Dragon Chairman and CEO Confirms Significant Advancement in shareholders updates.
DALLAS, TX / ACCESS Newswire / September 10, 2026 / Black Dragon Resource Company (OTCID:BDGR) today announced updates regarding adding significant financial commitments. The goal is to retire the shares and place them into the company's treasury as well as to complete the acquisition of the sand plant and property.
Mr. Saviano is engaging with attorneys to implement structures that will be beneficial to company and its shareholders.
Management issued a press release on Tuesday, September 8, 2026, disclosing Chairman/CEO and Director's commitment relating to stock purchases. The shareholders will know by the filing of Form 3's when the purchases have been completed.
Today, the Chairman/CEO confirms that he is committing the funds without any convertible notes, nor any toxic investments.
This strategic initiative is expected to substantially reduce the public float and outstanding share count while underscoring management's confidence in the company's future.
"The goal is to bring the company to NYSE quality. Black Dragon is entering an exciting phase of growth, and I intend to back that belief with a significant investment. Reducing the outstanding share count is an important step toward building the capital structure this company deserves. I'm scheduling a full disclosure live Q&A interview Friday September 18th, and will announce the distribution on Monday September 14th." said Mr. Saviano.
The company believes this initiative will more closely align management's interests with shareholders while positioning Black Dragon for the next phase of its growth strategy.
The next phase is to upgrade the company to a higher trading tier. This step also involves receiving EDGAR codes for direct SEC filings and Disclosures.
Forward-Looking Statements:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
For more info contact: Anthony Saviano 1-312-613-4564
SOURCE: Black Dragon Resource Company
View the original press release on ACCESS Newswire
FAQ
What are the primary intended uses of the committed funds?
The committed funds are intended to retire shares by placing them into the company’s treasury and to complete the acquisition of the sand plant and property.
What upcoming investor communication has Black Dragon scheduled?
Mr. Saviano is scheduling a full disclosure live Q&A interview for Friday, September 18, and plans to announce how it will be distributed on Monday, September 14.
What does Black Dragon describe as the next phase after this initiative?
The company describes the next phase as upgrading to a higher trading tier, which also involves receiving EDGAR codes to enable direct SEC filings and disclosures.