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: ~~May~~June 1722, 2017(Date of earliest event reported)

SILVER DRAGON RESOURCES INC.
(Exact name of registrant as specified in its charter)

0-29657
(Commission File Number)

Delaware	33-0727323
(State or other jurisdiction of	(IRS Employer Identification No.)
incorporation or organization)

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 8.01 Other Events.

NoSilver Dragon Resources Inc. (the “Company”) has obtained the KPMG Advisory (China) Limited (“KPMG”) independent appraiser valuation report and the Beijing Shengda Industrial Group Ltd. (the “Purchaser”) Price Waterhouse Coopers (“PWC”) independent appraiser valuation report to assess the fair market value of the Dadi mining rights (the “Mining Rights”) as of March 1, 2017 (the “Valuation Date”).

OnThe ~~May~~valuation ~~17,~~results ~~2017, the Board~~ of ~~Directors of Silver Dragon Resources Inc. (~~the ~~“Company”)~~Dadi ~~approved~~Mining ~~the~~Rights ~~2017~~issued ~~Stock~~by ~~Incentive~~ KPMG and ~~Equity Compensation Plan (~~the ~~“Plan”),~~valuation ~~The~~report ~~Plan~~issued ~~authorizes~~by ~~our~~PWC ~~Board~~are ofRMB751 ~~Directors~~Million ~~or a~~(approximately ~~special committee of our Board of Directors to issue equity awards to our officers~~USD$109, ~~directors~~967,705) ~~employees~~ and ~~consultants~~RMB322.23 ~~Under~~Million ~~the~~(approximately ~~Plan~~USD$47, ~~the Company may~~183,613), ~~issue up to 75 million shares of its common stock~~respectively.

~~For~~Silver Dragon Resources owns a ~~complete~~20% ~~description~~equity interest in China, Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top") and subject to execution of an Equity Transfer Agreement with the ~~Plan~~Purchaser, ~~you~~completing ~~are~~a change ~~urged~~of tobusiness ~~read~~registration and approval by the PRC’s Foreign Exchange Administration, the ~~Plan~~Company inwill ~~its~~receive ~~entirety~~approximately ~~which~~USD$15,714,692 isfor ~~included~~the transfer inof ~~this~~its ~~Report~~20% ~~and~~equity ~~marked~~stake ~~Exhibit 10.1~~in Sino-Top.

~~No.~~Forward 2Looking Statements

OnThis ~~May~~report ~~19,~~contains ~~2017,~~"forward-looking ~~the~~statements" ~~Company~~within ~~signed~~the meaning anof ~~engagement~~the ~~letter~~Private ~~with Shaanxi~~Securities ~~Zhonghe~~Litigation ~~Tongsheng~~Reform ~~Mining~~Act ~~Right~~of ~~Appraisal Co~~1995., ~~Ltd~~Forward tolooking statements ~~re-evaluate~~are ~~the KPMG~~statements ~~technical~~that ~~report~~are ~~provided~~not byhistorical ~~Golder~~facts and ~~Associates~~are togenerally, ~~insure compliance~~but ~~with~~not ~~the~~always, ~~People’s~~identified ~~Republic~~by ~~of China (“PRC”) mining rights assessment qualifications as per~~ the ~~Memorandum~~words of"expects," ~~Understanding~~"plans," ~~Relating to the Equity~~"anticipates," ~~Transfer~~"believes," of"intends," ~~Sanhe~~"estimates," ~~Sino-Top~~"projects," ~~Resources~~"aims," ~~& Technologies~~"potential," ~~Ltd. (the “MOU”).~~"goal," ~~Pursuant~~"objective," to"prospective," ~~the~~and ~~MOU~~similar ~~the~~expressions, ~~Company~~or ~~has~~that ~~agreed~~events ~~to sell its 20% equity interest in~~or ~~Sanhe~~conditions ~~Sino-Top~~"will," ~~Resources~~"would," &"may," ~~Technologies~~"can," ~~Ltd~~"could" ~~(the~~or ~~“Target~~"should" ~~Company”) to Beijing Shengda Industrial Group Ltd~~occur. ~~(the “Purchaser”).~~ The ~~purchase price for our equity interest in the Target~~ Company ~~will be based on the valuation of the~~ ~~Dadi~~cautions ~~mining~~investors ~~rights~~that ~~(excluding~~ any ~~liabilities)~~forward-looking ~~issued~~statements by ~~two independent appraisers. Each party has selected one of~~ the ~~big~~Company ~~four~~are ~~international accounting~~not ~~firms~~guarantees ~~as the independent appraiser~~ of ~~the~~future ~~Dadi~~results ~~mining~~or ~~rights.~~performance, ~~The Company retained KPMG~~ and ~~the~~that ~~Purchaser~~actual ~~retained~~results ~~PriceWaterhouse~~may ~~Coopers. Each party has~~differ ~~agreed~~materially tofrom ~~bear~~those ~~their own costs~~ in ~~connection~~forward ~~with~~looking ~~the engagement~~statements.

The purchase price for the Company’s equity interest in the Dadi mining rights shall be the average valuation of the two independent appraisals multiplied by 20%.

The appraisal will be undertaken in cooperation with mining rights assessment organizations qualified for prospecting and mining rights assessment in accordance with PRC laws with respect to the assets evaluation and the guidance of evaluating the mining rights. The appraisals are to be completed by June 5, 2017 unless extended by the mutual consent of the parties.

The Valuation Date of the Dadi mining rights is March 1, 2017.

The parties are obligated to execute an Equity Transfer Agreement (as defined in the MOU) to transfer the Target Equity Interests from the Company to the Purchaser within five working days from the date of exchange of the formal evaluation report at which time the calculated purchase price is to be deposited with an escrow agent.

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Transfer of the Target Equity Interests to the Purchaser will be subject to completing the change of business registration according to the Equity Transfer Agreement, the approval of the Chinese foreign exchange administration and such other regulatory approvals as necessary. Once approved, the escrowed funds, representing the purchase price as calculated will be immediately transferred to the Company.

In addition to the foregoing, we have retained Marcum Bernstein and Pinchuk LLP in China to prepare restated 2015 consolidated financial statements for Sanhe Sino-Top Resources & Technologies.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
10.1	Equity Compensation Plan
99.1	Press Release

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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.

	SILVER DRAGON RESOURCES INC.
Date: May 24, 2017	/s/ Marc Hazout
Date: June 23, 2017	/s/ Marc Hazout
	By: Marc Hazout, President & CEO

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